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Blockchain technology may be the option to avoid scams and digital fraud!

Blockchain technology is an expression that is becoming more and more present in the day-to-day of many businesses and consumer decisions and in the behavior of societies around the world, and the tokenization of assets is one of its greatest consequential gains.

The famous block network emerged in 2008 as the technological basis for the birth of the pioneering cryptocurrency, bitcoin, and its proposal to create a decentralized monetary ecosystem, where those who sell and those who buy speak directly to each other, without banks or government regulation.

Blockchain has gone its way as a high-end technological solution to make business more agile, profitable and simpler and its main benefit, in times of cyberattacks, is blockchain’s ability to prevent cybercrime.

How can this happen?

BLOCKBR, a company that develops tokenization infrastructure, will talk about the potential of blockchain to raise the level of business and provide all the security they need!

WHAT IS BLOCKCHAIN: A SIMPLE VIEW

Blockchain is a digital environment composed of a multitude of supercomputers with a high processing capacity, generating and approving transactions in a shorter time than any other digital ecosystem.

Some key features of blockchain are:

  • It is a distributed database – each computer on the network is a server in itself and has the same information, in real time, as the others;
  • There is no central power or intermediaries between the parties that make a sale, validate identity or monitor a chain of processes;
  • Uses a combination of cryptography and distributed consensus to ensure transactions are authentic and secure;
  • Solves the problem of double spending in digital payment systems;
  • Each approved transaction generates a block of information that is connected to the previous block, generating an immutable chain of data.

But how can blockchain security be so decisive for transactions?

Is tokenization of everything the future of business and processes? Click and find out!

UNDERSTANDING THE SECURITY BEHIND THE BLOCKCHAIN

There are a number of aspects that make blockchain a revolution when it comes to digital security for transactions and business management and consolidate this technology as the trend for the markets in the coming years.

DECENTRALIZATION

This is the main aspect of sustaining blockchain security; blockchain is a decentralized bank, there is no central server where information is stored.

The data generated by each transaction is distributed across all the computers that make up the network (and there are an incalculable amount of them) so that they will have the same database and, therefore, it will be impossible to generate a fraud with the adulterated data of one of them. .

ADVANCED ENCRYPTION

The blockchain uses high-level cryptography, the most advanced today, to protect the data that is stored in the chain of blocks generated with transactions. In each of them, complex algorithms are used that make it extremely difficult to create a malicious transaction.

SMART CONTRACT

The smart contract is the brain of the blockchain; an encrypted digital document that is responsible for interpreting and executing all the rules of the developed tokenization project.

  • Token value;
  • Project fundraising deadline;
  • Entry conditions;
  • Way to remunerate investors;
  • Periodicity and triggers for paying remuneration.

Everything is done electronically from the moment the tokens are distributed. There is no human interference in tokenization governance, which ensures integrity.

TRANSPARENCY WITH AUDIT

Executed transactions are recorded in a digital ledger accessible to all network participants. This makes fraud even more difficult, as movements can be easily audited.

THE ROLE OF BLOCKCHAIN TECHNOLOGY IN FIGHTING DIGITAL SCAMS AND FRAUDS

With the security features we showed earlier, it is easy to see the role that blockchain can play in combating fraud and digital scams. See where it transforms all this potential into honest, transparent and secure transactions.

SUPPLY CHAINS

Blockchain guarantees the authenticity and provenance of the items that make up a supply chain in the industry or logistics sector and makes the movements of each final product immutable and traceable, enabling companies to prevent and combat counterfeiting and smuggling.

DIGITAL IDENTITY SYSTEMS

Blockchain technology can be used to create more secure digital identity systems with decentralization and consensus and encryption capabilities, helping to reduce or eliminate identity theft and spoofing.

This benefit will be especially important in businesses with strong regulation, such as highly bureaucratic cartorization and excessive human intervention, which leaves processes vulnerable to fraud.

THE ROLE OF BLOCKCHAIN IN FIGHTING DIGITAL SCAMS AND FRAUDS

INVESTMENT MARKET

Here, the benefits of blockchain in financial transactions go beyond being ancillary resources to operations, but form an environment for generating and governing applications, using the resource of tokenizing investments.

With financial tokens, it is possible to take all the advantages of security, transparency and control to investments, boost business with more agility and availability and make them more accessible to medium and small investors.

REAL ASSET TRADING

It is in these operations that business tokens began – remembering the surprising NFT – and are constantly expanding. Real estate tokenization is the best example, given the possibility of splitting the tokens of a property and attracting a much larger number of investors.

The blockchain ecosystem allows you to transact high-value goods with more security over transaction data and prevent fraudulent sales, combined with notary tokenization.

INTEGRITY OF COMPLEX PROCESSES

This is a new world where blockchain provides significant gains in security and efficiency. A good example is health plan administrators, who use technology to process exam and consultation approvals and avoid fraud and scams with medical procedures.

Another model where blockchain tokens are increasingly common is in distribution centers where there are many points of failure and malfeasance. The unification of the supply chain on the blockchain with the management of smart contracts generates transparency that helps prevent fraud.

TOKENIZE YOUR ASSETS WITH BLOCKBR!

Tokenization is a reality that is becoming present in all segments and business models, it is not something so innovative that it should still be seen with suspicion. Companies and individuals are currently monetizing tokens.

Recent actions by BACEN and CVM signal that tokenization is legal and the digital real will be a great divisor to increase the credibility of technology for those who want to invest in digital assets.

Offering your business token is simpler than you might think. Do you want to see the competition come out ahead?

Come and talk to BLOCKBR.

We have the best token offering strategy on the market!

INVEST AND EARN MORE WITH TOKENS ON BLOCKBR!

Investing in tokens is not complicated if you invest with someone who makes it easy! Just open an account with a qualified asset tokenization company and create a digital wallet to store your applications.

Access our token marketplace, learn about the most varied offers and choose the ones that align with your investor profile. And you can start buying tokens with little, from 50 reais!

Open your account with BLOCKBR and earn more with your investments!

BLOCKBR Digital Assets is a fintech specialized in tokenization of assets and investments that delivers infrastructure to the regulated and non-regulated market through an All-In-One platform that offers the transformation and interoperability between assets and investors.

For more information, visit: http://www.blockbr.com.br or @blockbr_ on social networks

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