FAQ Blockforce
What is blockchain technology?
The term “blockchain technology” is referring to a transparent, publicly-accessible ledger that allows us to safely transfer data values. They represent real transactions and contain all the information from all parties involved.
What is a blockchain application?
You can imagine Blockchain applications just like conventional software applications, except they implement a decentralized architecture, foster trust, tokenize assets, and design new network incentives.
What are the benefits of blockchain technology?
Blockchain technology has a wide variety of benefits, interested enterprises and local communities benefit greatly from it. The most commonly cited benefits of a blockchain are trusted data coordination, attack-resistance, shared IT infrastructure, tokenization, and built-in incentives.
What is social innovation?
According to the Amani Institute, social Innovation is a new solution to a social problem. This solution needs to be more efficient, effective, sustainable, and fair than the existing ones. Also, it has the priority of generating value for society as a whole, not for a restricted group.
Why Blockchain as a social innovation tool?
Since the technology works with trust, transparency, collaboration, and restructuring of the power balance, Blockchain is a tool that makes social Innovation viable. Social innovation demands collaborative thinking, and this technology has that in its core.
Why is this important?
With a clear purpose, the development of new constructs and connections will lead to the betterment of society as well as identifying companies’ impact as a whole. Consumers are attracted to companies with a social-minded approach and the companies themselves have more streamed lined objectives.
Why Blockforce for social innovation?
Blockforce is a Blockchain research & builder that has in its foundation the desire to empower social, environmental, and systemic impact projects at scale. We are specialists in Blockchain technology and also a certified B Corporation, we care about social innovation.
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