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PrevPreviousSmarter food production is our planet’s highest priority

Blockchain as ledger is an indisputable permanent record

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Digital transformation (16)Smart Security (4)Blockchain (2)

Blockchain is the underpinning mechanism for the now famous crypto currency called Bitcoin.  Bitcoins is a very safe haven for currency and unlikely ever to be counterfeited due to it’s inherent security methodology.

Who has ever had this scenario happen to them when the neighbour or family member borrowed one of your tools and then after some time you asked for it’s return?  The incident either never took place or the item was returned…well with a simple Blockhain agreement both parties would have a record that is guaranteed to be in sync..so a family feud was prevented so let’s solve harder problems!

What is blockchain described in short anyway….a contract, an agreement, currency….well anything that has always required centralized third parties to preside over any agreements that humans have ever needed to make.  Nothing wrong with that except third parties introduce extra risk such as delays, perspectives and costs to name just a few.

Long gone are the bad old days and hello Blockchain…when an agreement is struck then every person in this world can potentially have a copy of the contract that is encrypted off course…so there is a strong incentive never to disclaim or counterfeit an agreement.

CATIM uses Blockchain to validate telemetry data transactions for example if in a shared solar generation village house A borrowed a bit of power from house B…then it stands to reason to return the power credit at some time…and this is all administered autonomously by the different nodes.  This is only one of the countless ideas that Blockchain is becoming the risk free ledger for the people.

Additional Post information

  • Blockchain Technology Explained: A Decentralized Ecosystem…see a great explanation article from 101blockchains.com

Related CATIM information

  • CATIM application homepage here
  • CATIM application brochures here
  • CATIM blog articles here
  • Techwatch blog articles see here
  • Additional similar articles can be found on the post homepage.  The search section has a great search engine to help you find what you might be looking for by clicking here.  
  • If you’d like expert help to take your idea from concept to implementation to discuss how we can take the guesswork out of a path to success, please contact CATIM by clicking here 

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Smarter food production is our planet’s highest priority

It seems to be a rarely known fact that the world’s population has grown from 2.5 in 1945 to 8.5 billion today.  This stands to

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