You’ve probably come across some articles written by our team that highlight the wide coverage of blockchain — it’s not just about tokens and digital ledgers anymore. Blockchain is, indeed, taking the world by storm.
First, Web3 projects sought out ways to turn this technology into more than a buzzword related to crypto. When countless other use cases began to emerge, it was the traditional companies’ turn to seek out these blockchain-based companies and applications to better processes, and even find new ways to tackle old problems.
In fact, we have been working with other blockchain projects and traditional companies in the development of tools and applications meant to help people in real life, not just software developers and cybersecurity companies.
We’re now at a stage where non-Web3 companies look for new ways to improve their businesses. In this article, we are naming a few that have been making a difference by using blockchain-based tech.
The Aura Blockchain Consortium created solutions for luxury brands such as OTB, the Prada Group, Mercedes-Benz, and more. But why would such world-renowned brands want to be involved with a blockchain-based enterprise? Two things: to prove to their clients you can trust them by providing trustworthy data about the products they own, and to help tackle counterfeit production. According to an estimate by the Organization for Economic Cooperation and Development, pirated goods amounted to more than 3% of the total world trade.
By creating digital registrations of each item on Aura, clients can access their data and in some cases, even track its origins. The counterfeit part is easy to figure out: if the brand’s products are all online, then fake ones aren’t, and this can be easily tracked.
Authentique is yet another blockchain application created for the sole purpose of protecting goods by creating a digital ID of a product. Once this ID is embedded in the blockchain, an NFT — which is unique — is generated.
Do you know what the Voluntary Carbon Market (VCM) is? It is a trading system for carbon credits, which are units representing reduced or avoided greenhouse gases. These credits are used by companies as a way to demonstrate how much they’ve been “helping the planet” by reducing their carbon footprint through certain actions. These actions can be anything, from the installation of wind farms to planting trees, installation of solar panels, and so on.
This system was created to help corporations tell the world they’re contributing to sustainability, but also to make them accountable. It’s also a way to quantify the impact that industries and consumption have in the planet. However, it doesn’t seem to be working, and the Verra certification firm scandal is proof of that — according to an investigation by the Guardian newspaper, around 90% of their rainforest credits were worthless. A credit is generated when a project to protect a part of the rainforest is implemented. The idea is that the area saved is proportional to the amount of carbon those trees are able to absorb. Companies buy these credits to make up for their own gas emissions percentage, and if Verra’s ones didn’t really exist, that means these companies spent money on projects that never actually happened.
The world has since then discredited the carbon trading market because it is very difficult to monitor expenses, contributions, and how much is being saved versus what’s being wasted. Once again, blockchain seems to come to the rescue. DMRV stands for Digital Monitoring, Reporting, and Verification and it’s a new way to measure and follow up on these carbon reduction projects — Until now, the sector used traditional MRV, which has many downsides, like the fact it relies on subjective data, is costly, takes a long time and depends on exterior consultants.
This is one of those cases where blockchain’s transparency and traceability come in handy, as it’s helpful to track project implementations, inspections, and so on. There isn’t enough manpower to be on top of every single project taking place around the world, so automating this process via blockchain can only have a positive outcome. Although this technology isn’t going to be the main solution to this problem, it might help in terms of processes and automation, making processes leaner, easier to follow, and faster to finish.
Integritee is a blockchain project providing solutions to Web2 and Web3 companies, but also developers and builders seeking to harness the advantages of blockchain technology without compromising on privacy. The Integritee Network has two layers (L1 and L2), where L1 is our mainnet, and L2 is our sidechains. These have the same features as our L1 but computations done in them can be independent, allowing for privacy, more scalability, and faster processes. We already have some projects — traditional and Web3-based — building different applications on our sidechains, which by the way, work for virtually any use case.
If you’re looking for a place to build your application or develop your project to which privacy is key, Integritee is it. Contact us if you’re looking for a safe, privacy-preserving blockchain solution to make your idea come true!
Bear With Us: Blockchain Technology is Still Relevant, Even when Crypto Declines
Series 2 – The Integritee Network | Episode 4 – Integritee Sidechains
The Imperative for Privacy in Blockchain: TEEs & Privacy-Preserving Software
Series 2 – The Integritee Network | Episode 3 – Integritee Technology
Monthly Wrap-Up October 2023: Joining an Accelerator Program, Launching the New Website, Educational Content & More!
Series 2 – The Integritee Network | Episode 2 – Integritee Architecture & Components
KYC in Web3: How DiD is Saving the Day for Projects & Companies
Series 2 – The Integritee Network | Episode 1 – Introducing Integritee
Monthly Wrap-Up September 2023: Winning an Award, Talking at Sub0, Partnering with OVH & More!
Series 1 – All you need to know about TEEs | Episode 6 – TEE Limitations
OVH Releases Whitepaper on How Integritee Is Re-Inventing Blockchain Security & Confidentiality Using Intel SGX Technology & OVHcloud
Series 1 – All you need to know about TEEs | Episode 5 – TEE Principles & Threat Models
Monthly Wrap-Up August 2023: Launching the Attesteer, Encointer’s PoP Badge & More
Series 1 – All you need to know about TEEs | Episode 4 – TEE Application Development
Launching Integritee’s Attesteer
Series 1 – All you need to know about TEEs | Episode 3 – TEE Technologies
DAOs: How Fair can Decision-Making be and Why is Private Voting Essential?
Monthly Wrap-Up July 2023: Video Releases, Tech Updates & More
Series 1 – All you need to know about TEEs | Episode 2 – TEE Use Cases
Monthly Wrap-Up June 2023: Polkadot Decoded, New Add-Ons and More
Integritee’s Teeracle Available on the Securitee Platform as an Add-On
Monthly Wrap-Up May 2023: Governance Platform Launch, New Environments and More
Integritee Launches New Governance Platform with Polkassembly
Monthly Wrap-Up April 2023: Tech Upgrades, Partnerships & Upcoming News
Monthly Wrap-Up March 2023: Product Releases, a Privacy Sidechain & More
Securitee & enclaive Team Up to Offer Ready-To-Use TEE-Secured Solutions
Securitee Launches Confidential Computing Platform to Protect Data in Use
Introducing Integritee’s Teeracle: A Framework to Build TEE-Based Oracles
A Privacy Sidechain for All Polkadot & Kusama Chains
Monthly Wrap-Up February 2023: Launching Roadmap, Partnerships and More!
SDK v0.11.0: Increased Performance and Faster Processes
OLI Systems Develops Innovative Energy Market Place by Building on Integritee
Integritee Network: Roadmap 2023
Monthly Wrap-Up January 2023: Slot Swap, Davos Touchdown and Much More
Community Updates: Discord, Twitter Raids & More
2022 at Integritee: Winning Parachains, Hosting Events, Integrating with Projects & Much More
Monthly Wrap-Up November 2022: Lisbon Happenings, Bifrost Integration & More
XCM Integration of Integritee and Bifrost Completed
Integritee Welcomes Sergei Medvedev as New Advisory Board Member
Monthly Wrap-Up October 2022: Travels, Interviews, Tech Updates & More
Monthly Wrap-Up September 2022: Integritee SDK Release, Token2049 & More
Integritee & Securitee: Connecting the Dots
Integritee’s SDK: A New Era of Web3 Application Building
Monthly Wrap-Up August 2022
Integritee Sidechain Performance Benchmark
Integritee & Crust Team Up for Publicly Verifiable Decentralized Content Storage
Integritee’s Polkadot Crowdloan
Monthly Wrap-Up July 2022: Winning a Slot on Polkadot, Integrating with Karura & Much More
From Web 2.0 to Web3: A Step Forward
Polkadot: The Next Step in Integritee’s Growth and Development
Integritee Rewards Structure: Early Birds, Loyal Followers, Family, Friends, and More!
The Integritee Polkadot Crowdloan Campaign Starts Today!
XCM Integration: What Is It and How Does It Work?
Monthly Wrap-Up June 2022: Kraken listing, Talking at Polkadot Decoded & More!
XCM integration of Integritee & Moonriver Completed
Here’s What You Need to Know About XCM Integration on Polkadot
Integritee Completes 2 Key Milestones Towards Decentralization
Monthly Wrap-Up May 2022: Decentralization, International Events, Virtual Worlds & Much More
The Complete Guide to TEER Tokens
How Integritee combines the benefits of Web2 and Web3 technologies
Sidechain 101: What are sidechains and why do we need them on Polkadot?
Monthly Wrap-Up April 2022: Networking, Technical Updates and Business Growth
Monthly Wrap-Up March 2022: Migrating to Kusama & Building Our Community
Update On Integritee Parachain Migration
What Should Integritee Present at Polkadot Decoded 2022? You Decide.
TEE Time with Integritee
A Healthier Approach to Wearables
Event Series: Learn How Integritee Is Taking Gaming to the Next Level With Ajuna
Monthly Wrap-Up February 2022: A New Listing, Sidechains & Other Updates
TEE 101: How Intel SGX works and why we use it at Integritee
After the Crowdloan: What’s Happening Next
Integritee Achieves Feature-Complete Sidechains
Enterprise-Focused Securitee Expands Integritee’s Ecosystem
Kusama Parachain Bid – And the Slot Goes to Integritee!
Integritee Year in Review 2021: Milestones Reached, Partnerships Forged
Integritee Launches its First Web3 Oracle
Introducing the Integritee Ambassador Program
The Integritee Mainnet is Live!
All Systems Go: Mainnet, Token Sale and TEER Giveaway!
How Decentralized Networks Can Cure the Privacy Pandemic
Integritee and Fractal Team Up for Fair Data Exchange
Integritee to Collaborate with KILT Protocol for SocialKYC Authentication
Integritee Partners with Decentralized Gaming Platform Ajuna
Confidential Computing Will Secure Our Secrets in Web3
The How, Why and What of the Kusama Crowdlending