Blockchain for products other
Blockchain for products other than DeFi In 2009, the first cryptocurrency, bitcoin, became available for purchase. Since then, blockchain technology has almost entirely developed into a variety of DeFi solutions. Products based on decentralized platforms based on a distributed ledger have only recently begun to appear in other areas, such as trade, data storage, logistics, games, medicine, etc., despite the fact that decentralized platforms based on a distributed ledger have existed for twelve years. This section of our article focuses on non-financial blockchain-based applications, how they differ from conventional centralized solutions, and the potential advantages they offer. What exactly is blockchain now? Relcitum PRO is one of the platforms of the fifth generation currently available on the market. The developers were successful in resolving a number of issues that are typical of distributed ledger systems, such as increased power consumption, limited bandwidth, a complicated interface, scaling issues, the requirement to purchase powerful mining machines, and other issues. All of these things happened in the past. At the same time, distributed applications and smart contracts allowed for significant functionality expansion and the introduction of products for the real economy. What exactly are these goods? Let’s look at it. A brief look at products based on the blockchain We can use the products of the previously mentioned Relictum PRO platform as an illustration: storage of data distributed. Instead of being stored on a single server, as is typical, the files are encrypted and distributed across multiple users’ storage devices. You can get extremely safe and secure storage at a low cost through this arrangement. Talk in secret. It is possible to assert that chat based on a decentralized platform is the most secure option because it is impossible to block or restrict access to the system and provides complete anonymity and confidentiality. Market for NFTs. This product is essential for all parties, buyers and sellers alike, due to its ability to automate all stages of NFT token trading on a single platform, including the creation of the token and its storage as well as the organization of ownership rights transfers.