Five Generations of Blockchain What Does Decentralization Offer Now?

by in FashionClothing on December 15, 2021



For more than 12 years since its origination, blockchain technology has become popular solely thanks to cryptocurrencies and DeFi products.

But, potentially, the idea of decentralization can be useful in other areas as well. Where and how to use systems based on decentralized ledgers? Let's find it out

Trading with Rare Artifacts (NFT)
Relictum PRO's NFT Marketplace is a single platform for artists, collectors, fans, art connoisseurs, patrons, museums, and nft art other individuals and organizations looking for rare and valuable NFT tokens.

Here users can create a token, save it right there in the storage, then organize an auction, find a buyer, complete a purchase/sale transaction with automatic copyright transfer under a smart contract, and at the same time with a minimum commission of 0%. In short, a very convenient all-in-one system.

Trade with goods and raw materials
The Real Asset Company is a platform for trading precious metals (gold and silver), which, thanks to the use of smart contracts, allows you to buy and sell metals in a completely safe manner (for all parties to the transaction) and quickly.

The physical transfer of goods is ensured by an international network of storage and logistical flows. The local currency (token) is fully backed by gold and this gives the best possible level of protection and transparency for trading operations. The company's management is confident that such binding of gold to digital currency will return the metal back to the financial systems of countries.

Data management
Factom is another promising blockchain that offers data management solutions. Thus, their identification systems have been successfully used to manage databases and analyze large amounts of information for a variety of clients, including companies and government agencies, non-profit organizations, and individuals.

Their product enables customers to manage their data as efficiently and securely as possible while complying with legal requirements in their jurisdiction. At the same time, distributed ledger allows users to store data and obtain the highest possible level of security, as well as reduce the cost of this process.

Data storage
Relictum Storage is a distributed data storage based on the Relictum ecosystem. Here, files are stored not on a single server, like in usual hosting systems, but on the devices of other users.

The file is encrypted and split into parts, and in such a divided form it is stored in the nodes. Access to it can only be obtained with a special key so that users receive the highest possible protection against hacks and leaks, and besides, access to the storage is almost impossible to restrict.

Another nice bonus is that the cost of data storage is about 90% lower than the market average for the same volume.

Identification and access rights
A comprehensive solution in this area is presented by the UniquID Wallet project.

Based on a blockchain platform, they have integrated systems for analyzing fingerprints and other biometric data. At the same time, the platform is universal, that is, it can work both on a PC and mobile devices. It also has internal storage for credentials and no passwords, instead, advanced biometric recognition algorithms operate.

Energy Blockchain Labs is a unique product for providing a full cycle of added value in the energy industry. The system is created and coordinated by energy and financial specialists and IT engineers.

All this made it possible to practically implement blockchain in the energy sector and obtain a number of significant advantages. Products based on a distributed ledger are used in the field of energy generation and consumption, trade, and energy management.

Gambling and video games
Epic Lotto. Decentralized lotteries and casinos are no longer news, and the product of the Relictum Pro blockchain platform is proof of this. 100% transparency of the drawing process ensures the main aspect of a good game – the trust of players.

Besides, the use of an internal token as a currency for betting and accrual of winnings and a withdrawal fee of 1% distinguish blockchain casinos from other digital products. Plus, there is an affiliate program, according to which you can receive bonuses for victories of well-known players.

Internet of things
To ensure the interoperability of devices in the “Internet of Things”, the Californian company Chronicled presented its blockchain platform. The main goal of the product is to improve the user experience in this area.

The system stores ID data of various devices, including household goods. This platform allows one to establish a mechanism for interacting with users based on determining their proximity to the item. The Chronicled project is licensed under the Apache license, which is completely open-source.

This is far from a complete list of the areas in which blockchain technology is already being used. In the coming years, products based on it will be widely used in medicine and logistics, in the field of public administration and control of land resources, etc.

It is only a matter of time before decentralized platform systems become real competitors of the usual centralized systems.

Relictum Storage is a distributed data storage based on the Relictum ecosystem.

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