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Blockchain & ICO

The new way of using blockchain technology

by Edvin Lisovskij, from Box2Table, on May 1
Blockchain is a revolutionary technology for securing transactions and data.  Many people express their concerns about it.
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They usually associate cryptocurrencies with some imaginary virtual creation that is used solely as a speculative tool. Box2Table has created a platform, where people unfamiliar with the blockchain will get to understand the whole concept of the technology and utilize its benefits in the real world!

Technically, blockchain is a chain of interrelated data blocks based on cryptography. Thanks to that technology, they guarantee the non-repudiation of each transaction and data entry. Nowadays, the blockchain technology is actively used by many enterprises- for example it is used by banks to confirm transactions, create land and mortgage registers, settle taxes or register cars.

According to PWC consulting company, the food market environment is becoming more and more challenging. Restaurants must address numerous challenges in today's consumer environment. Customer expectations are constantly changing, sustaining a consistent brand experience is becoming more difficult, and enterprises are struggling to keep up with trends in mobile technology.

The Box2Table platform solves problems for all food market participants - both on the buy and sell sides. Food & beverage establishments are able to order the best products from local and/or international manufacturers with guaranteed quality and timely shipment. Manufacturers and distributors will gain access to the newly formed market for direct sales with guaranteed payment for shipped goods.

With the blockchain technology, all operations between parties will be completely transparent - for example, a restaurant will be able to collect an order and receive the goods on time with proper quality, and suppliers will be guaranteed to receive payment within the framework of an agreement - after all, smart contracts on the Box2Table platform will be responsible for these operations.

Box2Table blockchain provides a mechanism for transferring funds and supporting complex multilateral agreements that manage these transfers of funds through smart contracts. The fact that data is stored in an unchanged distributed storage means that users can be assured of data integrity, optimization of payment transactions, secure identification which ultimately will have a positive impact on their rental experience.


Read other useful articles about ICO:

👉 Can Less Capital Raised Mean More For ICO Investors?

👉 Future Belongs to Platforms

👉 Putting Forward an Investor’s Point of View on ICOs and Crowdfunding


 


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