Steve Barker Blog | DasCoin Joins the Front Line of Global Blockchain Improvement | TalkMarkets

DasCoin Joins the Front Line of Global Blockchain Improvement

Date: Sunday, June 17, 2018 9:45 PM EDT

Digital ledger systems are revolutionising a variety of industries and DasCoin appears to be at the forefront of the peer-to-peer payment market.

DasCoin aims to be the world’s first mainstream digital currency and it’s well on its way to achieving its goals with its innovative approach to the blockchain.

One of DasCoin’s most exciting new projects is DasNet, which has already reached out directly to the fashion industry to offer a cost-effective way to safeguard designs and digitally authenticate new products.

“Because of our very efficient blockchain technology we are the most cost-effective operation,” said DasCoin CEO Michael Mathias. “We are reaching out to a number of industries and offering them solutions, and the first of them happens to be the fashion industry.”

Introducing DasNet

DasNet is the portal by which businesses will be able to really harness DasCoin’s hybrid blockchain technology.

Dedicated and interoperable blockchain configurations can be scaled up to 100,000 transactions per second, opening the door for an immense range of specific use cases. DasCoin will likely soon see developments for third-party initial coin offerings, government processes, and private enterprise initiatives.

The potential applications for DasNet are nearly limitless and span the supply chainindustry, film, entertainment, sports, insurance, and more. Furthermore, the more adoption DasCoin gains, the wider its reach.

Billed as the currency of trust, DasCoin promises its partners strict regulatory compliance safeguards to ensure uninterrupted service well into the future.

Smart Contract Identification

It takes a lot of paperwork to prove your identity. To prove that you were born on a given day with a given name to a given mother requires a birth certificate. Passports, voter registrations and bank accounts require still more paper identification and these systems can’t talk with each other very well. In fact, most of these systems aren’t interoperable at all.

DasCoincould immediately solve this issue by replacing paper documents with information hardcoded into its secure hybrid blockchain. Everything from birth certificates to voting systems to insurance claims can be handled via smart contracts on DasCoin’sblockchain. Smart contracts take the human element out of essential paperwork, improving its speed and security. Redundant work is also limited, as DasCoin links relevant systems together to share information.

These three essential use cases barely scratch the surface of DasCoin’s potential, even though widespread blockchain implementation in any one of the three would be revolutionary.

DasCoin is going to spark quite a few revolutions. The only uncertainty is when and where it will succeed next.

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

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