Web 3.0 Procurement. Cardano Ecosystem
Web 3.0 Procurement. Cardano Ecosystem
Cardano is a groundbreaking blockchain platform that uses proof-of-stake technology to create a more sustainable and accessible financial system. It stands out for its research-first approach and scientific philosophy, making it highly secure and energy-efficient. The platform aims to provide reliable financial services to everyone, including those currently without access to traditional banking. Since its inception, it has evolved into one of the leading blockchain platforms, processing millions of transactions while maintaining its commitment to sustainability and academic rigor.
Retail
Counterfeit goods pose a significant challenge to the global economy, causing financial losses, eroding brand reputation, and reducing customer trust. Cardano’s blockchain offers a tamper-proof solution to combat counterfeiting by providing secure, immutable systems for tracking product provenance and ensuring authenticity. Businesses can certify the originality of their products, enabling consumers to verify authenticity instantly and building confidence in the supply chain.
Supply Chain Management
Supply chains often lack transparency and efficiency, leading to counterfeit goods, poor quality control, and increased costs. Cardano’s blockchain enables real-time tracking and verification of goods. Companies can record every step of a product’s journey, from origin to destination, ensuring authenticity and improving logistical processes.
Smart Contract
Cardano introduced smart contracts in 2021 and now supports the development and deployment of smart contracts using multiple different languages.
- Aiken – for on-chain validator scripts only: a language & toolchain favouring developer experience.
- Marlowe – a domain-specific language, it covers the world of financial contracts.
- opshin – a programming language for generic Smart Contracts based on Python.
- Plutus – a platform to write full applications that interact with the Cardano blockchain.
- plu-ts – Typescript-embedded smart contract programming language and a transaction creation library.
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