How blockchain is changing the Business Trends?

Summary: Blockchain tech is secure, distributed & its cryptography makes the tech to trust.

How blockchain is changing the Business Trends? How blockchain works?

The Panini America announced digital NBA Sneaker series blockchain cards, where the card collectors can purchase these blockchain based cards from either Panini app or from its blockchain website. They planned to add more functionalities like galleries, card ownership history and more.

Panini America

Panini America is the first in the kind to use blockchain technology to supply various collectable sports cards.

The Panini America announced digital NBA Sneaker series blockchain cards, where the card collectors can purchase these blockchain based cards from either Panini app or from its blockchain website. They planned to add more functionalities like galleries, card ownership history and more.

The buyers of digital NBA blockchain cards, can auction their cards to others through secure Panini blockchain. Buyers can also frequently check the website for more auctions.

Blockchain itself is secure and it enables non-replicable data which makes it the best choice for collectable cards.

Quote from Mark Warsop

 We were very thorough and a number of factors were considered in selecting the players that will be released in our Panini trading cards that utilize blockchain technology. There is not a more iconic trading card than the rare 1909-11 Honus Wagner T206 baseball card. To be able to produce the first ever Honus Wagner blockchain card, along with all of these other players utilizing blockchain technology and ensuring that these cards will now live forever in the digital realm, is truly an honor.

We have spent years researching and exploring the best possible way to incorporate blockchain into our trading cards as another level of authentication – as well as the best way to introduce blockchain to sports fans and collectors.

We believe our platform and the fact that the cards will be sold in U.S. dollars rather than a digital currency will help fans and collectors have a better understanding, knowing that their cards utilize blockchain as another level of authenticity.

CEO of Panini America, Mark Warsop

F1 – Delta Time

F1 Delta time has announced the staking function for Non-Fungible Token. F1s official tokens are NFT tokens, hence users can collect these tokens and play in delta platform.

Few NFT tokens representing Ferrari cars got huge values and the first token issued has exceeded 400 ETH. In addition to cars, there are tokens representing car components, race drivers, race tracks and etc.,

F1 Staking option allows the users to lock them in the F1 Delta platform and for this equal daily proportional rewards will be paid to the user through REV tokens. Users can remove staking tokens any time and liquidate it if needed.

How blockchain works?

Blockchain is a huge database, it is secure because it uses cryptography. Blockchain uses the peer to peer protocol, no 3rd party authentication needed.

The decentralised database, cryptography and its global presence, it can record any transaction. This is how blockchain works.

It can record any structured data like who married to whom, who bought the goods from whom, who bought the land from whom and etc.,

“I’m compelled most by the power of this opportunity. I’ve been at this 35 years, writing about the digital age. I’ve never seen a technology that I thought had greater potential for humanity.”

Don Tapscott

Conclusion

Technology owners are few corporations or governments, only few is a threat to our privacy. In blockchain we can do transactions and fulfil economic needs, where we dont know the other party who strikes deal. Thus it is independent, decentralised, all transactions recorded.

Blockchain technology is unhackable and its distributed database with cryptography makes the technology unique and platform to trust. Not just the financial sectors, every aspect of society is going to benefit from this technology.

To know more about how blockchain works, please visit our blog.

To know more about our blockchain services, please visit our services.

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How blockchain is changing the Business Trends?
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How blockchain is changing the Business Trends?
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Blockchain technology is secure, distributed database and with cryptography makes the technology to trust. This is How blockchain works.
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Nexconz.com/blog
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