Trends on crypto and in particular on NFT have, this year, been able to catch investors and media’s attention, as a matter of fact Blockchain Technology and DLT have allowed a change in the Business-making nature imagining art, property right, copyright, data management, digital tangible assets and much more.
To start off, let’s take as an example the non fungible Tokens, which are already able to cover various areas of use, not only gambling and art, but also the agro-food (WiV Technology), the luxury goods (Icecap Diamond), numismatics (Crypto stamp) and the sale of real estates (The first real estate NFT launched by Propy).
TechCrunch’s founder, Michael Arrington was the first, back in 2017, to buy a condo apartment in Kiev in Ukraine, through the use of the nascent Propy protocol (The first real estate NFT launched by Propy), to make the purchase and to register the title of ownership, for the first time ever, on a blockchain.
https://twitter.com/arrington/status/1397298076679753730
In the month of May he listed his apartment in Kiev, Ukraine, as an NFT backed by real estate, through ProPy, the same real estate platform.
As a sign of how the industry has evolved in the next four years, Propy auctioned the same property, but this time as an NFT backed by real estate, at an initial price of $20,000. Propy advertise the sale as “the first real estate NFT in the world” and was able to sell the NFT for $93,000
Thanks to the technological development, infrastructure, technical emerging advances and regulatory standards we are going in the direction of business adoption at any level, unthinkable just a couple years ago, creating the conditions to start experimenting with blockchain, DLT and create cases in many industries, while more and more startups start new business models more and more bold and exciting.
And what about decentralized finance, best known as DEFI?
Decentralized finance (DEFI) is a financial area, developed over the blockchain that uses digital assets and financial services that aim to disintermediate traditional finance through Smart Contracts and Crypto Token.
Through the De.Fi, services that typically operate without centralized intermediaries or institutions and use open protocols that allow to be programmatically combined, through the Smart Contract in flexible ways, are possible.
The majority of DEFI applications, are built on Ethereum’s blockchain, and thanks to the blockchain being public and transparent, anybody on the network can verify the etere (ETH) and/or token, in a decentralized and independent way,
Whoever has the abilities can program applications, create, archive, manage digital resources through Smart Contracts and dapps, irreversible and complex agreements without the need for someone to check or act as guarantor.
Thanks to DEF I a new financial paradigm is in fact made, fully independent and transparent, in which anyone who has an internet connection and a smartphone can access the network and interact, disintermediating himself/herself (and his/her money) in a simple and transparent way.
The market has experienced explosive growth since 2020. According to the DEFI Pulse monitoring service DEFI pulse, the digital wealth value blocked in the DEFI services grew from less than $1 billion in 2019 to over $15 billion by the end of 2020, and over $19 billion in 2021, even so DEFI is still at the very beginning of its evolution.
E-commerce is a $10 trillion business [https://www.ninjamarketing.it/2021/05/04/ecommerce-267-trilioni-di-dollari-italia-ottava/], growing of 4% every year, and if stores start operating on blockchain today, they could immediately access a booming trillion dollar market.
Currently accepting payments online requires an expensive IT infrastructure, which supports, guarantees and protects the entire "supply chain", but contrary to what could be assumed, a payment system built on the blockchain does not require complicated starting procedures, just register for the service completing the data for anti-money laundering, download and/ or customize the wallet.
At any level you can receive right away payments in cryptocurrency, competitive fees, for global transactions, fully tracked, secure and irreversible and thanks to services provided by crypto gateway, change in real time the crypto received in euro with immediate availability on your current account.
Supply Chain
While supply chains are linear and often based on paper that processes documentation as a product, production chains are increasingly digital and dynamic, in the sense the Blockchain seems at an excellent solution to help solve the verifiability of digital track, recording the route of the goods and sharing the supply chain to all participants.
Checking on the product’s quality through the entire supply chain, is by today one of the main challenges in the world, especially when it comes to typical food products. Recently many companies are trying to experiment with a joint use of Blockchain and Radio Frequency Identification technologies to solve problems in scenarios in which many unreliable “actors” are involved.
Thanks to technological progress and the integration of external tracing methods; the blockchain can supplement all the stages of a supply chain in the same smart contract system.
This way, the blockchain is earning more and more popularity as a technology that allows a product’s traceability in a certified way, preventing frauds and counterfeiting and guaranteeing reliable, transparent information, shared of the entire supply chain.By combining smart contract, IPFS and Internet of Things technologies, all stakeholders can access, verify the source, authenticate items and demonstrate compliance.
Through Smart Contracts it is possible to create non divisible Tokens and link them to intrinsically indivisible objects for any type of product, such as books, shoes and more: this way it is possible to associate every single record, written on the blockchain, to the asset and its history.
As for now, this is just the beginning, but with no doubt the Blockchain and Distributed Ledger (DLT) technology is changing many aspects of the business and setting the basis of a new trust chain.
TAKAMAKA NEW BUSINESS MODEL
In the wide scenario of Blockchains, TAKAMAKA for example, presents itself as a brand new protocol, capable of demonstrating its ability in any production environment, thanks to a double coin, one of which is stable, that allows the purchase of services at clear costs.
What does this mean? Simple, a company would be able to predict and schedule costs of participation in the blockchain, it would know in advance how much to spend to operate millions of transactions and what would be the cost necessary to process hundreds of smart contracts per day.
That’s it? Of course not! Thanks to the TPoS protocol, Takamaka is able to elaborate up to 10.000 tx/ 30 sec, which is equivalent to having a Blockchain that can maximize transactions up to 1.000.000/hour (by default). This translates into an environment totally business-friendly, which only needs to connect to be able to imagine and build your own idea and business model.
Takamaka is a completely public blockchain, to which anyone can connect and give purpose to their imagination, planning in advance a budget to create their idea, without having to bother to learn a new programming code.
Why so?
Takamaka is full-stack Java, which simply means that starting from the project’s idea, to its platform development, to its usage necessity, the only thing you must know is how to program Java!
Are you aware of what this means for your business? It means that anyone, at any level of programming knowledge, is able to finally write a code able to develop ideas and new business models, on a blockchain that presents itself as a third generation platform.
Why can it be defined as a third generation blockchain?
Simply because we are finally facing a new technological paradigm, which fully satisfies needs and wants that the business world requires: transaction speed, scalability, clear costs, intrinsic safety, simple programming and disintermediation.
To this point I believe you know enough, but perhaps you still don’t know that Takamaka is public, open to whoever wants to imagine their own business model or simply to whoever wants to build one.
Reference:
https://wiv.io/ agri-food sector
https://icecap.diamonds/ luxury goods
https://crypto.post.at/ numismatic
https://propy.com/browse/propy-nft/ house sale with blockchain
https://defipulse.com/ Decentralized Finance
https://www.optelgroup.com/ SMC
https://www.minespider.com/ SMC minerals
https://www.linkedin.com/pulse/blockchain-digital-innovation-adoption-technological-supply-andrea/?trackingId=5bs6hY8arw8PRCCLFVIEPw%3D%3D
