Blockchain is an incredible technology revolutionizing the industry, we already have some tastes, but the future will be incredible.
The birth of the Blockchain can be traced back to 2009, when Bitcoin, the best-known cryptocurrency in the world, was born.
Bitcoin was the first distributed ledger system in the world that inspired companies and developers to create new ones, reaching the most disparate topics.
The Blockchain is like a decentralized ledger made up of blocks; the information travels from block to block to the chain, and at each step, there is an autonomous check that validates the validity of the operation.
Technology, therefore, allows for the first time to have a decentralized, digital, and above all, reliable verification system, which places it on the podium of modern revolutions.
The birth of the Blockchain takes place according to some well-defined moral and scientific principles:
Given the founding principles of the Blockchain, we can start thinking about future (and some already current) applications.
For example, there is already talk of e-wedding or the possibility of getting married without the need to contact a priest or the mayor. The official marriage would take place without an intermediary.
But in addition to this nice application, let’s see some application examples and the medium’s potential.
When we talk about jewelry or precious stones, we must understand how many counterfeit products are in circulation and sold as if they were real.
Diamonds, above all, are among the most counterfeited valuables, but with the Blockchain, Everledger has decided to trace each diamond extracted and make the process that brings the diamond from the mine to the jewelry available for everyone to see.
In this way, it is possible to analyze the extraction, processing, and marketing process, observing its real value without incurring possible fraud.
There is a platform called Rex that allows everyone to buy properties worldwide from the comfort of a PC or smartphone.
This is because the contract that verifies the purchase takes place via the Ethereum platform, an immutable blockchain that guarantees ownership after the transaction.
In this way, we could say goodbye to intermediaries and save time and money on purchasing the property. However, such an application is only in its infancy, but it is incredible to think how, in the short term, we could buy a property with a simple click.
A thorny issue is digital voting. We are used to showing up in the voting booth to vote, but what if, in the future, we could do it from home and legally?
Blockchains are being discussed, allowing citizens to vote digitally without physically presenting themselves to the polling stations.
Before seeing the digital vote, there is a need for a platform that records the vote univocally, prevents it from being falsified, and guarantees the uniqueness of the single vote.
As we have been able to observe, the moral and founding principles of the Blockchain are, at least on paper, deontological and ethical. At present, we can already have a taste of applications of this technology, such as seeing the origin of the foods we put on the table every day.
But if we are already discussing weddings and real estate purchases without intermediaries today, what could we do on a blockchain network in the future?
We already have some ideas.
An example could be the complete digitization of documents to make it impossible to falsify or manipulate people’s identities.
Or we could monitor production processes in companies like ours and validate portions of code so that our applications are unique and safe from possible theft.
Many companies already use the decentralized system, bringing enormous benefits both in economic terms and in reputation. We have already seen how companies apply technology.
We care about the world of Blockchain and already work with our partners to develop applications for this technology.
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