Why blockchain is more than bitcoin

G.Lockchain, cryptocurrency, bitcoin, token – there’s confusion in these phrases. For some, cryptocurrencies and tokens are comparable Blockchain Bitcoin. However it is a mistake. As a result of blockchain is, in any case, an encryption expertise that can be utilized in many alternative methods. CashOnLedger works with blockchain expertise, however not with cryptocurrencies. Quite the opposite: The objective is to not change conventional currencies, however to make them payable programmable for direct connection of fee transactions to the “Web of Issues”.

Whereas one can nonetheless speak about potential collaboration with many potential companions, a undertaking has been round for a very long time. “That is the one undertaking on this area of Europe,” mentioned Cerkan Catilmis, CEO and co-founder. Along with the tractor producer Lindner, Money On Ledger has developed a mannequin that may invoice a tractor based on utilization. “It’s like automotive sharing. You aren’t shopping for a car, you might be shopping for mobility. As a result of that’s what you actually need. The specifically secured “crypto safety chip” is constructed into the tractor. The tractor pushes out 65 knowledge factors. This enables us to see the precise use, which may then be monetized, explains Maximilian Foster, a board member and co-founder. For instance, totally different hourly charges are calculated whether or not the tractor is driving solely from A to B or is getting used for heavy clearing work.