Blockchain is a technology designed to achieve decentralization as a measure of security.
It consists of distributed and shared records and databases that serve to create a global index of all transactions occurring in a specific market. Blockchain continuously expands as new, complete blocks are added with fresh sets of records.
Each network node receives a copy of the Blockchain upon joining the network. The Blockchain contains comprehensive information about all transactions conducted on the network since its inception.
Simplifying Processes
Efficient systems that serve the public must exhibit key characteristics such as transparency, reliability, speed, and scalability. Blockchain provides these features with minimal effort.
Internet of Things (IoT)
Currently, communication among various devices interconnected via the Internet relies on central servers to manage their information. Blockchain can decentralize and enhance these processes.
Insurance
The insurance market is built on trust. A well-maintained registry can make a significant difference in delivering accurate and reliable insurance offerings.
Mobility
Urban mobility solutions, such as toll payments or ride-sharing services, can leverage the trust-based model offered by Blockchain to improve efficiency and reliability.
Healthcare Systems
Blockchain-based technologies can securely record medical records, making them accessible to relevant stakeholders and patients while ensuring data security and integrity.
Supply Chain
In supply chain management, Blockchain can integrate the entire network of relationships between buyers, distributors, and retailers, recording all transactions related to products to enhance transparency and traceability.
