What is the Blockchain?
Blockchain basically has a digital protocol to exchange data over the Internet without the necessity for any third party as an intermediary
Some of its characteristics that make it particular:
Distributed Network
Blockchain is based on a distributed network, in the case of a public network, for example, you don't need servers or infrastructures for write or read data from the Blockchain, just pay a commission to network to transfer value or write data.
Immutability
What is written on Blockchain is immutable, as long as the network is controlled by many parts. This was demonstrated by Bitcoin from 2009 to today, whose transactions can not be canceled or changed, this means that with Blockchain it is possible to prove which data on which date and by who is written , without having any doubt about the authenticity.
Smart contracts
On some Blockchains (like Ethereum), it is possible to write some softwares, better known as smart contracts, which allow to define relationships between different parts without the need for a third party without the need for a third part, for example, it is possible to develop contracts to manage voting of not-clear votes, automated payments, distributed storage management, tokenization of digital assets: through these contracts it is therefore possible to develop distributed applications, or dApp.
Safety
Bitcoin has exceeded a market capitalization of more than 100 million dollars on more than one occasion, while in more than 10 years no one has succeeded in attacking the network, satisfyingly, generating Bitcoin or modifying transactions. Being distributed by nature, its consensus mechanism and reward system for involved parts, has turned blockchain resilient to external attacks, making them ineffective and expensive
Generally, Blockchain is not the panacea for all diseases, but placed in a correct way can make company's processes more efficient and less expensive. Blockchain is destined to revolutionize different fields, especially all those who currently require a counterpart or an intermediary, from value exchanges to certification and process or supply tracking chain.
IES develops software and applications in Blockchain. We help companies to discover the world of Blockchain and all the opportunities related to business. We carry out implementation studies on existing projects to improve efficiency and safety. We develop decentralized applications with different technologies with the aim of innovation and to make democratic existing infrastructures.
