Symbol is a great option to help maximise the potential of DeFi and to achieve the ambition of helping to make financial systems accessible to all quickly, efficiently and cost effectively. Find out why.
Attacks on ATMs in Europe was close to 20,000 in 2019, with the losses incurred during these attacks amounting to around 250 million Euros in 2019. Symbol combines with IoT devices to secure gas/petrol station pumps, vending machines, and ATMs.
Trackgood is a supply chain tracking and sustainability impact tracing tool that is trusted, low-cost, and easy-to-implement – thanks to Symbol blockchain.
Card skimming crimes are on the rise, with each skimmer accounting for up to $1million dollars worth of fraud, and according to the U.S. Secret Service, thefts from ATM skimmers now total more than $1 billion per year. Symbol’s cohesive IoT-tied solutions resolve card-skimming problems of gas/petrol stations and Automated Teller Machines (ATM) users around the globe.
Read the first in our series where we focus on the partners that have chosen to work with NEM, and are committed to using Symbol.
We get the series underway with Peersyst, an innovative blockchain SI located in Barcelona, that helps companies take advantage of blockchain technology.
Symbol has a noteworthy economic system that allows you to passively earn coin rewards just as if you were mining. This is better than staking rewards given by exchanges since you don’t need to put your coins on an exchange and you are earning actual block rewards.
Scrutiny of election processes and the extent to which they are manipulated has increased dramatically since the Cambridge Analytica scandal, to the point now where citizens no longer believe in a fair and honest electoral process. Using blockchain technology to facilitate transparent and trustworthy elections could encourage more participation and belief amongst citizens, so why are governments so slow to adopt it?
Finality in the blockchain space is the way someone can tell if a transaction or block on a chain is at risk of changing in the future or not. Finality is important because without it, any transaction can theoretically be rolled back.
Trust in governments and businesses was already strained heading into 2020, but the global pandemic has ripped trust in two different directions. The pandemic shows that trusting others with information and media control can protect us, but information control can also be used against us. As targeted social media and fake video technology further erodes trust, blockchain technology is becoming a promising tool to help replace it. Symbol blockchain is an especially practical and efficient way to ensure that any file or data is authentic and hasn’t been tampered with. It has potential uses in online IDs, source verification, and all kinds of information media.
A deep dive into the commercial use cases of Symbol, starting with LuxTag – an innovative blockchain-based company located in Malaysia, combatting counterfeiting in a range of industries.