Blockchain technology, in its various versions, such as the Ethereum blockchain and others, is a worldwide consensus system that allows users to coordinate and work around a neutral source of information without needing to trust each other or a single authority.
The application cases range from banking and energy trading to supply chain management. While shared ledger technology has been studied for decades, the Bitcoin blockchain was the first decentralized distributed ledger system that was immune to censorship, confiscation, and collusion.
I wanted to learn more about companies that are using this approach after reading several articles on the issue. I stumbled upon a beautiful example called Duet. Duet protocol (Duet) is a multi-chain synthetic asset system that sharpens all assets for usage in the blockchain world, which pretty much makes sense, as you look at what duet really is by definition it’s a piece of music in which two persons play distinct sections or melodies at the same time.
I enjoy researching these types of businesses since I’m constantly impressed at how quickly the Blockchain sector has grown.