Leia isso em português

Blockchain has produced some very interesting fruits in the great years, we have already demonstrated here the NFTs, such as cryptocurrencies and the relationship of all this with the metaverse, but despite cryptos being the main products generated through Bockchain, there are other applications that were little exploited by the media and that are revolutionizing the way many companies record, process and track data. Do you know what Blockchain is? Or do you know any uses outside the world of cryptoassets?

Roughly speaking, Blockchain is a shared database that allows tracking, sending and receiving information over the internet. It is the code made through programming that carries the information in the form of blocks that form a chain, hence the name Blockchain.

Is Blockchain the same thing as Bitcoin?

Not. Blockchain is a technology that allows the existence of Bitcoin, the concept of Blockcha emerged in the early nineties, but despite that, only in 2008 the first happened, precisely with Bitcoin.

However, today there is a range of companies in different sectors that already use Blockchain, it is possible, for example, Blockchain in agricultural production companies, animal husbandry and pharmaceutical industries, whose technology is used to facilitate registration, monitoring and the handling of the data of each item collected. products that we find in supermarkets already have a QR code that allows us to access the solution that the food made to arrive on the market gondola, and a good part is made through the Blockchain, which makes life easier for the producer, transport, shops and the consumer.

One of the pioneers in Brazil in the use of Blockchain was Friboi, which has been using technology for years to control the products that the company sells. They do not use an independent platform of their own origin, called “Plaforma Pecuária”, which has decentralized control of data, affiliation and all contracted producers and all participants of the may, regardless of whether they are related to Friboi or to all producers.

Blockchain has proved so useful that even the bank JPMorgan, critical of the technology for years, announced that it would also switch to using Blockchain for the transfer and settlement of collateral. The first tests took place in May 2022 and the idea is to increase the amount, more assets that will be transferred, as the method has proved to be safer and more accessible.

The applications are endless, from automakers to food companies, financial companies, factories and apps. Blockin is indeed a major key in the cryptocurrency market, but it can also be applied in other sectors and has become a way of managing data that as a data monitoring operation for a business application. Do you already know any of the Blockchains solutions in this article? Do you know any other solution? Interact on our LinkedIn page or our Telegram group.

Leia isso em português

Blockchain has produced some very interesting fruits in the great years, we have already demonstrated here the NFTs, such as cryptocurrencies and the relationship of all this with the metaverse, but despite cryptos being the main products generated through Bockchain, there are other applications that were little exploited by the media and that are revolutionizing the way many companies record, process and track data. Do you know what Blockchain is? Or do you know any uses outside the world of cryptoassets?

Roughly speaking, Blockchain is a shared database that allows tracking, sending and receiving information over the internet. It is the code made through programming that carries the information in the form of blocks that form a chain, hence the name Blockchain.

Is Blockchain the same thing as Bitcoin?

Not. Blockchain is a technology that allows the existence of Bitcoin, the concept of Blockcha emerged in the early nineties, but despite that, only in 2008 the first happened, precisely with Bitcoin.

However, today there is a range of companies in different sectors that already use Blockchain, it is possible, for example, Blockchain in agricultural production companies, animal husbandry and pharmaceutical industries, whose technology is used to facilitate registration, monitoring and the handling of the data of each item collected. products that we find in supermarkets already have a QR code that allows us to access the solution that the food made to arrive on the market gondola, and a good part is made through the Blockchain, which makes life easier for the producer, transport, shops and the consumer.

One of the pioneers in Brazil in the use of Blockchain was Friboi, which has been using technology for years to control the products that the company sells. They do not use an independent platform of their own origin, called “Plaforma Pecuária”, which has decentralized control of data, affiliation and all contracted producers and all participants of the may, regardless of whether they are related to Friboi or to all producers.

Blockchain has proved so useful that even the bank JPMorgan, critical of the technology for years, announced that it would also switch to using Blockchain for the transfer and settlement of collateral. The first tests took place in May 2022 and the idea is to increase the amount, more assets that will be transferred, as the method has proved to be safer and more accessible.

The applications are endless, from automakers to food companies, financial companies, factories and apps. Blockin is indeed a major key in the cryptocurrency market, but it can also be applied in other sectors and has become a way of managing data that as a data monitoring operation for a business application. Do you already know any of the Blockchains solutions in this article? Do you know any other solution? Interact on our LinkedIn page or our Telegram group.