01
Applications in this category leverage the immutability and transparency properties of Blockchain technology by recording certain data or document characteristics on the Blockchain, making them visible and verifiable by other participants in the ecosystem. Commonly referred to as “notarization” applications, they involve timestamping a document to establish its creation date and ensure that it has not been modified over time. Many projects of this kind have been developed in the agrifood sector, aiming to provide greater assurance to end consumers regarding product traceability.
02
Most of the analyzed use cases implement Blockchain and Distributed Ledger technologies in data sharing processes. They not only notarize information but also utilize smart contracts to facilitate on-chain data exchange, enabling more effective and efficient coordination among different parties. These applications are primarily developed to enable the reconciliation of information held by multiple actors, preventing divergences and conflicts. In these projects, Blockchain often replaces the role of intermediaries.
03
This category encompasses the most ambitious projects that aim to execute entire business processes on the Blockchain to ensure the verifiability of each step. In these projects, the business process is encoded using smart contracts on a Blockchain platform. This is undoubtedly the most complex and challenging application scenario to implement, with only 4% of the analyzed projects currently pursuing this objective.
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