We often talk about blockchain technology – our subscribers know that ECOS plans to both utilize this technology and actively develop blockchain projects within this ecosystem.
So, blockchain is a digital ledger technology that is used for recording transaction logs. Information is stored on the blockchain in a decentralized fashion, distributed among the network nodes. It is impossible to forge these records and makes this method of storing information as transparent and secure as possible.
Initially blockchain was created for servicing cryptocurrencies. Today businesses are looking into various ways of integrating blockchain into all fields of activity, including manufacturing and the energy industry. For instance, IBM Blockchain optimizes supply chains and manages data, Blockchain Foundry specializes in services for industrial goods manufacturing, Bigchain DB advertises scalable services, while Chain offers a platform for financial services. Blockchain technology is actively used in the field of alternative energy.
We believe that integrating blockchain into ECOS is necessary as it will allow us to save time and financial resources. Besides, as an investment project we have special interest in blockchain-assisted fundraising processes and revenue distribution mechanisms when implementing decentralized projects.
ECOS – is an innovative ecosystem that takes transparency, security and synergy as its core principles and blockchain technology allows us to follow these principles!
