How to use blockchain for business


blockchain for business

In recent weeks, the prestigious Smart Village took place in Italy, a competition among young people who proposed projects to enhance Italian villages, a Europe-wide event dedicated to education, culture and digital innovation, an initiative of the municipality of Milan, in which the winners were certified with Blockchain technology, by a company that used blockchain for business.

The certification took place with software from a promising company named LutinX, which ensured the integrity and attribution in Blockchain of the data of those who came up with and developed the most compliant, itinerant and engaging project in the cause of digitizing Italian villages.

The winners received their certificate in blockchain and a scholarship at the Paideia Campus in Pollica

No experience Needed

Based on the premise that "the Blockchain can be used for an incredible amount of opportunities," LutinX worked out and developed an industrial proposal ( the certification of skills and intellectual property on Blockchain ), leveraging Takamaka's Open Source (OS) code. 

The technology proposal, was developed without the need to have to write a Blockchain from scratch, but the company's idea encountered an opportunity, from Takamaka's OS model, which was adapted to the business and technology needs, effectively realizing the LutinX product.

No experience required is a central point of the Takamaka model approach, because while other Blockchain technologies require timely instruction, Takamaka is fully programmable Java, among the most well-known and widely used languages in the computing world, and the code is Open Source, freely downloadable and distributable to implement new business models.

Takamaka is a general blockchain that can be applied to any context. A bit like Ethereum basically, but built on a much more modern technology.

Must be an explorer

The person who proposes an idea is often an explorer, who after careful analysis and research, decides to apply new solutions to pre-existing models, creating de facto new business models.

But for an idea to be realized it needs not only planning, certain costs and capable staff, but also simple technology that reduces development time, is well documented, easy to program and fully espouses the practical needs of those proposing new solutions.

Takamaka is not only Java technology and Open Source model, but has been structured to propose financial solutions as well.

The Red Token ( $TKR) of takamaka, is a stable token, fully integrated into the blockchain, used not only for fees, but also to pay Smart Contracts and anchor to a certain economic value new tokens minted on the Takamaka Blockchain

The guarantee of Stability of the Red Token ( which is always worth $1 ) is the money deposited in the bank and the company monthly publishes the bank statement, guaranteeing the minted $TKR. Link.

Takamaka technology then allows the minting of Tokens pegged to the value of the dollar, thanks to $TKR.

Do you know what this means ?

It means that the tokens that are minted with Takamaka technology, represent for all intents and purposes digital money. You could use them to propose countless use cases, payments, vouchers, coupons and much more.

If you are an explorer, with Takamaka you have the right tools for your mission.

We are waiting for application

As you may have guessed, the options for starting a new business model are countless.

As well as Blockchain-based integrations, what you can accomplish with Takamaka are embedded solutions that are a perfect fit for your current business model and/or a perfect candidate for building a new one.

Browse on github, learn more about Hotmoka, and learn how to install it search on maven, view Takamaka code 

Check and monitor, in real time, updates on $TKR reserves, deposited in Swiss bank, Here

Listen to the video course on the Takamaka project by Prof. Fausto Spoto of UniVr V1 - V2 - V3 - V4

Listen to the PUBLIC EVENT: Non-Interactive Time-Based Proof of Stake - held at the Department of Mathematics UniTn V1, given by our own Giovanni Antino

You will find countless articles about the project here