Once again we will talk about Blockchain technology, which, thanks to its technical architecture and ecosystem, does not require us to trust anyone. On the contrary, it allows you to record information in an indelible and uneditable way. This technology allows us to maintain the privacy of the information through encryption, and any user can verify it with information records that will be valid for life.

This technology was first introduced in 2009; In 11 years, we’ve seen thousands of news stories about this technology. CodeContract believes that confidence in our day-to-day operations will increase as a technology that eliminates the need for third-party access.

Today, we can find different use cases through evidence of the concept that many companies have run and functioned internationally. One of the most heard solutions is FoodTrust, driven by IBM technology, but there are other sectors that are using the technology: medicine, production, financial, industrial, legal, retail ... For example, we had CodeContract with Cuatrecasas lawyer and Blockchain sales and the first company to make a purchase.

How does this technology help?

One of the main attractions of this technology is the indirect benefits it offers in different sectors, its adaptability together with other technologies and the guarantees that allow it to be automated.

• Registration
• Certification
•  Traceability
• Surveillance
• Immobility

Smart contracts are one of the most widely used resources for using Blockchain technology, allowing you to enter into agreements that are automatically executed based on variables without interpretation.

Why not use it so much if it has so many advantages?

It is true that the benefits of this technology are tremendous, but as I said at the beginning of this article, the technology is very disruptive and is still in the embryonic stage. This means that very few people know this technology, its potential is unknown, developments are limited, comprehension complexity ... However, if we compare it to other options with confidence in a third party, Blockchain technology is cheap and makes thousands of copies. Security is thus increased.

Today, we have no news of success in production about Blockchain technology, but more and more companies are testing solutions such as the possibility of a secure health identity, medical traceability ... Over time we will find these success stories. At CodeContract, we make it easy to use this technology at the business level, and without the need for technical or legal knowledge, we are already working with a number of sectors: law, industry, healthcare, retail and logistics.

CodeContract

CodeContract was born with the goal of providing guarantees and security for actions taken in the online world by securing information and providing private transparency in all operations with a dual encryption system. It also aims to enable BlockChain to use technology in a legal and easy way.
They never store user data, but rather store encrypted codes using the SHA-256 crypto algorithm.

Here are some statements about CodeContract:

• "A solution for automating and securing processes with your customers while maintaining privacy and paying for what you use."
• "It is a fully regulated and authorized platform to run operations securely, with real-time notifications, and by providing an API connection or custom web design."
•  "All operations include reports, certificates and digital evidence of legal validity."
•  "The CodeContract platform enables private transparency of all information, thanks to a dual encryption system."