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Beyond the buzz: blockchain, from myth to practise
Beyond the buzz: blockchain, from myth to practise
Blockchain, the web
of value
By making it possible to exchange information almost instantaneously, the Internet has ushered in a revolution. However, carrying out a transaction on the network – such
as a payment – requires implementing complex intermediation, verification, and compensation mechanisms. Blockchain promises to do away with this limitation by making it possible to transfer – and not just share – a piece of information.
3
On the web, the sender keeps a copy of the data being sent. With blockchain, data is transferred once and for all to the recipient, and what’s more, the data transfer is certified without having to use a trusted third party. It’s exactly like a bank note passing from one hand to another.
From that point on, it becomes possible to confer intrinsic value on the information, whose authenticity, integrity, and legitimacy are guaranteed from owner to owner.
Blockchain therefore makes it possible to create unassailable, tamper-proof digital assets and to achieve digitization and disintermediation for
documentation (identity, authenticity, ownership, provenance, etc.), rights (usage, access, authorization, etc.), traceability (receipt, reading, editing, time-stamping, etc.), and even units of account (loyalty points, currency, etc.).
Web Application
Web Application
World Wide Web
World Wide Web
From mobile payments to protection against counterfeiting, logistics, and access control, blockchain opens up a field of applications we hardly considered before. Applications that streamline, secure, and drastically reduce the cost of transactions, free from the trust-related controls and procedures currently required today.
This is why we are currently witnessing an almost irrational enthusiasm for a technology that is still not yet mature. We do not necessarily need to grasp all of the technical subtleties in order to
understand that a tool
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