A transparent and decentralized way to record transaction lists
Blockchains are a remarkably transparent and decentralized way to record transaction lists. Their best known use is for digital currencies such as Bitcoin, but there are many different ways of using blockchain to create new applications.
How use the Blockchain?
Thanks to the blockchain, currency transactions create fast, cheap and secure public records and this means that it is possible to use blockchain technology for many non-financial tasks, such as casting votes in elections or proving that a document existed at a given time.
Blockchains are particularly suitable for situations in which it is necessary to know the history of the transfer of ownership. For example, they could help manage supply chains more efficiently, to offer the certainty that those diamonds come from ethical sources, that those clothes aren't made in exploitative factories, and that champagne actually comes from Champagne.
They could finally help solve the problem of music and video piracy, while allowing legitimate second-hand digital media such as books, vinyl and video tapes to be bought and sold.
They also present opportunities in all kinds of public services, such as healthcare and welfare payments, for example, and furthermore, since they are in effect self-executing contracts, they pave the way for companies that operate without any human intervention.
Byteint and the blockchain
At Byteint we have been dealing with Blockchain since 2010 and we are specialists in the tokenization of assets and their publication on the main exchange portals.