ITglobal.com: Blockchain technologies for business

The main articles are:

• Blockchain
• NFT (cryptographic tokens)

2022: Service Launch

On September 5, 2022, the company ITGLOBAL.COM (ITGLOBALKOM RUS LLC) announced the expansion of its portfolio of services - blockchain technology for business. The service involves analyzing IT infrastructures customers and introducing blockchain technologies for optimization. business processes Blockchain technologies allow you to solve business problems, replacing investments in traditional expensive IT solutions -,, databases Oracle storage systems high-performance. servers

With the advent of blockchain solutions, the traditional approach to organizing IT infrastructure is transforming, "said Dmitry Gachko, founder and chairman of the board of directors of the ITGLOBAL.COM. - Blockchain and technologies based on it are able to transform the corporate IT landscape. Moreover, public blockchain networks allow Russian IT entrepreneurs to become suppliers of new products and services around the world, despite sanctions restrictions, and even attract foreign investments.

In 2021, Statista conducted a survey on the use of blockchain technologies for business in the world - 45% of respondents reported that they had implemented blockchain for the secure exchange of information. Experts ITGLOBAL.COM believe that the potential of blockchain is much wider, and the list of areas in which it can work effectively is not limited to financial organizations. Here are some business challenges solved by public or corporate blockchain networks:

• Tokenization of rights to real world objects
  NFT technology, or unique tokens, can replace the traditional public cloud that is used to store data. The information and rights wrapped in the NFT can be extremely diverse, from insurance policies of the insurance company, accounting for spare parts, to tokenization of wheat harvest rights.
• Acceleration of economic processes
  Tokenization of real world objects accelerates economic processes, the rights to harvested crops can be realized on the stock exchange at the end of the harvest. A whole segment of possible financial derivatives for tokenized assets appears, the possibility of automatic contracts for insurance for the sale of acquired rights.
• The organization logistics and quality control
  of NFT goods allows you to track the movement of goods along the supply chain, starting with the manufacturer. In or food industry for restaurant business it is very important to know where and how many time products were. At the same time, sorting systems are able to analyze special quality characteristics of the crop, which radically affects the demand and price from buyers. In the blockchain, such records are stored in a distributed registry, which cannot be changed or forged, which allows you to fight fake and counterfeit goods.
• Control over the implementation of the terms of the transaction
  One of the positive qualities of blockchain technologies is the possibility of creating a smart contract. This is a contract written in the form of a code, which is closed automatically as soon as the conditions specified in it are fulfilled. For example, if the code says that the contract is executed only after a $1000 transaction, then it will not work if the amount is less. In addition, the invariability of transactions and the inability to delete them help two parties, for example, the customer and the service provider, resolve disputes and conflicts that arise during the cooperation process.

The development of decentralized finance will lead to more complex financing and lending systems and tools that are independent of banks and other outdated institutions. This will lead to the emergence of new derivative financial products with low costs and high efficiency, - said Dmitry Gachko.