Blockchain: technology that changes the world, one sector at a time
A solution for every need but that’s just the beginning
Blockchain represents a great turning point for companies and individuals in an increasing number of sectors, because it offers the opportunity to change the way of working and carrying out many operations, freeing from the need for a central authority and offering a higher level of security than methods traditional.
But the Blockchain does not just serve to improve and make more efficient what we already do. Through the use of tokens, smart contracts, NFTs, notarization and IOT integration it is possible to open the doors to completely new business models, redesigning the interaction methods in both B2B and B2C areas.
DeFi: from the fintech to decentralized finance
This is one of the most important innovations made possible by the architecture of the Blockchain. DeFi is the term coined to indicate decentralized finance, or a financial system capable of offering classic banking services without the intermediation and control of a bank.
Loans, investments, exchanges of value and financial assets can all be managed through tokens, cryptocurrencies and smart contracts, that is logic-based smart contracts Blockchain and therefore totally safe and independent.
With DeFi the entire system becomes faster and more accessible, while also allowing greater scalability for many operations.
The future of the insurance sector
The entire insurance sector is based on the ability to certify certain events in order to prepare a series of related actions, on the basis of a contract between the parties.
By operating in the Blockchain environment is possible to entrust the management of everything to smart contracts able to carry out automatic checks on accidents, so as to unmask fraud attempts, validate the identity of customers and also provide for compensation for the injured parties.
In addition, through integration with IOT technology , it is possible to reset the error and speed up each procedure; an increasingly popular solution, for example, for refunds for flight delays or damage from atmospheric events.
Traceability in Agri-food
One of the main problems of the agri-food sector is being able to guarantee transparency along the entire supply chain. With the Blockchain not only all this is possible, but it is also made simple, scalable and perfectly adaptable to all links in the production chain.
Through the notarization you can make a timestamping of each step, from the production of raw materials throughout the process, creating an immutable and always verifiable trace of what happens.
For the consumer, this means having the guarantee of what he buys, its quality and origin; for the manufacturer, it means protecting their work and keeping themselves safe from the problem of counterfeiting. An essential advantage, especially when it comes to defending products that represent Italian typicality and excellence.
Art, music and Blockchain
The art world is increasingly linked to Blockchain. In fact, there are now many artists who create digital works and then tokenize them, converting them into NFT (Non Fungible Token), which can be purchased with cryptocurrency on the marketplaces of cryptoart.
Anything can theoretically become cryptoart, from the digital image to the video, to the photo and even a tweet, as happened for the first post on Twitter of the founder of the platform, transformed into NFT and sold for an equivalent of $ 2.9 million.
Still in the artistic field, the music sector is also taking an interest in the world of Blockchain and of NFTs, a new and effective tool that allows artists to attest the ownership of the work, eliminate intermediaries and better manage royalties, earning more and creating new ways of interacting with fans.
Industry in the Blockchain era
Even in industry, as in agriculture, it is essential to have perfect control of all the stages that compose the supply chain. In addition, the manufacturing processes are often very complex and keeping track of every single step is essential.
With the Blockchain, integrated with IOT sensors and systems, every step is always under control and it is possible to trace any production error or defect upstream of the production chain.
Doing so eliminates human error and the possibility of data being manipulated, allowing you to optimize each phase and take a big step forward in terms of performance, quality and safety.
A solution that, applied to production lines, is contributing significantly to the diffusion of the model Machine as a Service for the supply of industrial machinery.
One of the problems relating to security systems and surveillance services is the veracity of the information collected. Common fire systems, for example, constantly send data to a physical database or cloud, which exposes them to the risk of hacking and the possibility of the data being modified.
By integrating the Blockchain the immutability of the information and its certification is guaranteed, offering the customer maximum transparency.
Rental and real estate market
The Blockchain is also extremely useful for those who rent a car, a boat, for those who rent a room, an apartment or any other property.
At the time of signing the contract it is in fact possible to ascertain the conditions of the asset and save them on Blockchain through timestamping: by doing so both the owner and the customer can protect themselves in the event of any disputes.
But the same can also be done in the real estate sector, by integrating BIM (Building Information Modelling) with Blockchain, so as to track everything concerning the construction of the work, or managing payments to suppliers.
Collectibles and investment goods
Thanks to the tools of Blockchain and of token economy we can tokenize a tangible asset, effectively dividing its value and then selling it.
A method that, thanks to the issue of tokens, allows you to divide a property in a fast, simple and, above all, economic way, and which can be applied to real estate, cars, antiques, works of art and collectibles in general.
In the event of sale or loan of the asset, it is thus possible to immediately distribute the profit to all owners, without the need for intermediaries or verification authorities.
Start-up, Blockchain and crowdfunding
Blockchain can represent a turning point not only for the activities already started. In the case of a start-up it is important to find investors who believe in the project and are willing to support it financially and the tools of token economy represent a precious opportunity.
In fact, it is possible to tokenize the company’s assets by issuing tokens which represent a slice of the value of the company or product and which can be put up for sale to finance the development of the start-up.
A mechanism that makes crowdfunding easier, opening it to a much wider audience of potential interested parties, with the possibility of managing everything directly through Blockchain.