Bilröst | Blockchain Technology
Our blockchain, crypto, and NFT products
Blockchain technology is simple to understand at its roots. Basically, the tech exists as a shared database filled with entries that must be confirmed by peer-to-peer networks and encrypted.
Cryptocurrency | Crypto was created by blockchain technology stores the private key needed to unlock funds from your wallet address on the blockchain. Famous cryptocurrency such as Bitcoin and Ethereum.
And NFT | Non Fungible Token was created and started to gather media attention, it is a digital asset that represents real-world objects like art, music, in-game items, and videos. They are bought and sold online, frequently with cryptocurrency most NFTs are part of the Ethereum blockchain, some of them are also able to trade by Bitcoin, and they are generally encoded with the same underlying software as many cryptos.
Blockchain
Blockchain provides a way to securely and efficiently create a tamper-proof log of sensitive activity. This makes it excellent for international payments and money transfers.
By automating the entire process on the blockchain, banks/ platform have reduced the number of intermediaries typically required in these transactions, making the process more efficient.
Blockchain-based systems also have the potential to improve capital markets. Companies build blockchain-based solutions specifically for capital market improvement. A recent announcement of the launch of a distributed ledger network to manage equity swap transactions, enabling both sides of an equity swap to be synchronized throughout their lifecycle, communicating changes to each other in real-time.
Blockchain also applies to trade finance which has the ability to streamline trade finance deals and simplify the process across borders. It enables enterprises to more easily transact with each other beyond regional or geographic boundaries.
And more areas the blockchain technology cover, such as Regulatory Compliance and Audit, Money Laundering Protection, Insurance on Smart Contract, Peer-to-Peer Transactions, Supply Chain Management, Healthcare Personal Profile Protection, and more.
Cryptocurrency
If you want to create a cryptocurrency, you have a few different options. The main options are creating your own blockchain, modifying an existing blockchain, establishing a coin on an existing blockchain, or hiring a blockchain developer.
The majority of these options require at least some technical computer knowledge, in addition to financial and human resources. The most technical alternatives afford the highest degree of customization, which for some cryptocurrency developers is worth the expense.
Also, anyone can create a cryptocurrency, but the process requires commitments of time, money, and other resources, in addition to advanced technical knowledge.
Making a cryptocurrency is the easy part with Bilröst LAB, contact us for more information.
NFT Asset
NFTs have became a cultural phenomenon, constantly making headlines as celebrities dabble in the space. With some creators making millions off NFTs, though, it’s understandable why you’d want to try your hand at it or play around with the tech to get a better feel for it.
That begins by determining the blockchain technology intend to use for your NFT asset. The most popular among NFT artists and creators is Ethereum. Other popular options include Tezos, Polkadot, Cosmos, and Binance Smart Chain.
And not just NFT asset, our technology also support you in creating NFT trading platforms, transaction management, and more products. Contact us for more information.
