How the decentralization helps business?
๐ Blockchain is a decentralized database consisting of a chain of #blocks. Each block contains certain information: for example, about money transfers or about the transfer of property rights. The #database is simultaneously stored on the computers of all participants in the system, which ensure its performance. Thanks to this, the information recorded in the blockchain is almost impossible to change or delete.
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๐ Today, blockchain is in demand in the field of #finance, management, insurance and audit, law. The technology is able to speed up and automate processes, simplify logistics, improve quality control, and exclude intermediaries from the chain. All this allows companies to save %money and time.
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๐ Blockchain could potentially solve the trust problem. One of the most important and promising features of the blockchain are #smartcontracts. This is an #electronic contract, which sets out the terms of cooperation of two or more participants. If the parties fulfill the agreed conditions, a transaction will automatically occur. If not, everyone remains his own.
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๐ฐ According to the research company International Data Corporation, by 2022, the costs of implementing blockchain solutions in the business reached $ 11.7 billion. Large corporations are actively interested in technology: Google intends to integrate blockchain solutions into the Google Cloud cloud platform, #Microsoft is working on a decentralized identification system, Facebook is assembling a team to study the prospects of the blockchain.
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Today, many #businesses believe that blockchain is a โsilver bulletโ that will solve all their problems. At the same time, the main task of the blockchain is to ensure trust and transfer this trust from the reputation and legal plane to the #technological one.
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๐ ๐ฅ๐ฒ๐น๐ถ๐ฐ๐๐๐บ ๐ฃ๐ฟ๐ผ is a scalable, hyper-modern blockchain, with a view to the far future. This is a #platform that can be used both with thin clients and with more powerful processors, basic stations, as well as with the latest #electronic and computer technologies, including quantum computers.
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โ๏ธ Relictum Pro is a system of #event formalization having dynamic blocks in addition to the chains of blocks themselves. This greatly expands the possibilities and brings to another level of the mathematical apparatus, and allows you to create not only one-dimensional #models of chains, but two-dimensional, three-dimensional, and even four-dimensional models of event formalization.
๐ฎ Website: https://relictum.pro
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