Why is blockchain so much more than Bitcoin

Why is blockchain so much more than Bitcoin

Blockchain, cryptocurrency, bitcoin, token – there is confusion about these terms. For some, the cryptocurrencies and tokens are identical as blockchain and bitcoin. But this is a fallacy. Because blockchain is above all a cryptographic technology that can be used in a number of ways. For example, CashOnLedger works with blockchain technology, but not cryptocurrencies. On the contrary: the goal is not to replace traditional currencies, but to make them programmable to link payment transactions directly to the “Internet of Things”.

While one is still talking about potential collaborations with several potential partners, the project has been in operation for a long time. “This is the only project in this region in Europe,” says CEO and co-founder Serkan Cattelemis. In cooperation with tractor manufacturer Lindner, CashOnLedger has developed a model whereby a tractor can be billed according to usage. “It’s similar to a car sharing. You are not buying a car, you are buying mobility. Because that’s what you really need.” A specially secured Crypto Security Chip is included in the tractor. The tractor outputs 65 data points. This allows for visibility into actual use, which can then be monetized, explains board member and co-founder Maximilian Forster. For example, different hourly rates are calculated whether the tractor is driving only from A to B or being used for heavy clearing work.

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