To answer the question ‘what is blockchain good for,’ let’s look at a use case that is unique to blockchain, token economies, and discuss what the technology brings to the table here.
Blockchain, also known as Decentralized Ledger Technology , is particularly good at creating forge-proof records.
Because the entire network has to be in sync globally, this timestamp is extremely accurate and, thanks again to the nature of DLT, can’t be forged either, not even by the party who creates the record.
The best part is that it is usually not difficult to come up with proof of something; a snapshot, a paper document, a printout, or a cocktail napkin sketch will, in conjunction with a timestamp, probably be sufficient.
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We develop features like API [Application Programming Interface] calls, GUI [Graphical User Interfaces], FPGA [Field Programmable Gate Arrays] and an operating system to SoC [Software on Chip] projects.