We conduct consulting on Blockchain, its application and development, viability in projects according to objectives, sectors and functions to cover, etc…
We have been believing, in fact, for a long time, that Blockchain will be the new global revolution just as Internet was back then along with its effects on a global business and social level.
Blockchain was created as the technology to support Bitcoin, which is the cryptocurrency par excellence, with so many qualities and benefits that its community has been finding other features and developments, such as smart contracts, IOT, artificial intelligence…
This is a peer to peer or P2P technology, which is synonymous with decentralization, which allows the exchange of data without requiring a central server, but instead it is performed by nodes that behave at the same time as clients and servers of other nodes in the network.
Therefore, Blockchain uses complex mathematical algorithms, cryptography, programming languages, and all of its technology is Open Source.
“The data will be the crucial raw material of the upcoming decades”
Blockchain allows scenarios for the exchange of goods, services, and assets without the need of third parties, digitally and, at the moment, the safest for its complexity.
What are the benefits and added value that Blockchain provides unlike any other technology?
Security: Uses a cryptographic protocol based on the use of public and private keys, so the confidentiality and security of Blockchain basically becomes indestructible and invulnerable. Blockchain only allows you to insert data into the block chain, but it does not allow you to update or delete anything, working as an unmanageable major book.
Immutability and invulnerability: Blockchain’s immutability and invulnerability makes it almost impossible to make modifications / manipulations regarding the verified information, thereby increasing trust and reliability in the integrity of the data.
Transparency: There is free access to the event book in the block chain to consult data and information without being able to modify or manipulate it. This ensures the transparency and veracity of the information contained there in real time.
Decentralization: It is a decentralized system with everything that implies and means. Trust is based on transparency when registering and verifying data without the intervention of third parties (eliminating the costs and interests of these), as they are based on the universal consensus of the nodes that make up each Blockchain in question.
Economy: Blockchain contributes a significant reduction in operating costs, as it eliminates registration, control, management and distribution of data tasks and thus reduces the use of personnel and other expenses.
Traceability: Blockchain technology is perfect for developing traceability and tracking systems thanks to its technical characteristics. Thus, this block technology allows the tracking of transactions in order to record all movements in a network that is globally distributed and that is invulnerable and immutable.
Scalability: This advantage is important for developers. High reaction and response capacity without undergoing system quality or interrupting information exchanges.
Collaboration: Blockchain allows you to schedule and perform specific transactions and managements when completed by others. This allows collaboration without increasing the risk in operations with multiple dependencies or authorizations from different parts.
In which sectors is Blockchain technology more relevant?
– Notaries (security and decentralization)
– Votes (security and decentralization)
– Health (traceability and safety)
– Agencies and the Media (decentralization)
– Transportation (security and traceability)
– Public sector (security and decentralization)
– Banking (cryptocurrency and security)
– Business (cryptocurrency and tokenization)
– Societies and collectives (security, decentralization, cryptocurrency and tokenization)
From Gestinet we believe that another function and added value provided by Blockchain is the tokenization applied to society and the business world. It corresponds to the substitution of a value or confidential data by another that is not, but that guarantees the same operability. The tokenization of assets, physical assets and/or values opens the door to the capitalization and involvement of third parties, who owns these properties.
Nowadays, everybody is using tokens, although surely people are not aware of it. The difference is that Blockchain has revolutionized the way in which products, services and the creation of new markets can be exchanged, since these exchanges are traceable, immutable, transparent and decentralized. It has immediate liquidity: Tokens can easily be exchanged by cryptocurrency, which have their natural habitat in Blockchain.
This is a peer to peer or P2P technology, which is synonymous with decentralization, which allows the exchange of data without requiring a central server, but instead it is performed by nodes that behave at the same time as clients and servers of other nodes in the network.
Therefore, Blockchain uses complex mathematical algorithms, cryptography, programming languages, and all of its technology is Open Source.
Any person, group, entity or company can create their own economic ecosystem, with tokens as currency. Their value will depend on their acceptance, value and use.
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