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Last updated
Last updated
Blockchain technology has transformed many industries due to its decentralisation and security. The technology can enhance the security and auditability of transactions in various fields, such as healthcare, finance, and supply chain management. US consulting firm Accenture estimates that blockchain technology could save around $10 billion a year by improving the efficiency of note exchange and settlement. The Australian Securities Exchange also uses blockchain technology to settle and clear stock trades.
Blockchain is also being used for identification and proof of identity, with the United Nations, Microsoft, Showcard, and others developing blockchain systems for identity verification. Blockchain technology is also used to manage food supply chains, with large food retailers looking to use blockchain to enhance traceability and ensure food safety.
Blockchain technology is expected to play an essential role in solving the security and authentication problems of digital data and transactions, and data security is expected to be gradually enhanced through investment and research by major companies.
As shown above, blockchain technology is being used in a wide range of technologies and industries. As such, it is an essential technology for financial, security, technical guarantee, branch preservation, and forgery prevention required in DT projects.
The future value of the DT project lies in how it overcomes inflation. The biggest problem of the NFT and De-Fi platforms that DT Project is pursuing is the decline in project value due to inflation. However, DT Project's business model and objectives start with solving the challenges and problems of the industry. The problem with NFTs is that the value of guarantees and preservation is solved with a spot-based guarantee, and the revenue distribution structure of depository services through indiscriminate airdrops in De-Fi is that the lack of e-commerce on such platforms provides value despite the absence of a revenue model, promising investors an unreliable revenue distribution. The DT project guarantees profits through a precise revenue structure.
An NFT service is an online platform or service that enables the creation, exchange, and trading of NFTs. These services are based on blockchain technology and allow users to buy or sell NFTs and verify and track their ownership. Artists, creators, game developers, and others can also use NFT services to publish and monetise their work as digital assets.
NFT services make the ownership of digital assets more transparent to track and trade and offer new revenue models for creators to be compensated for their work. However, the NFT market is subject to price volatility and speculation, so caution should be exercised when investing or trading.
The biggest challenge with NFTs is preservation and assurance. Many NFTs are highly valuable and come from various creators, including paintings by famous artists. However, one of the most attractive features of NFTs is that once a transaction is made, all ownership is yours, but there are cases where this feature is abused. A typical example is that the creator can only fill the value of the preservation and guarantee. This has obvious challenges and downsides, as no one else is responsible for the preservation and backing, and only the person who transacts with it is responsible for its value.
DT Project overcomes these challenges of NFTs and operates a service that stores various in-kind guarantee certificates, such as physical-based guarantees and commitment contracts, and issues NFTs in various forms of certification and guarantee, such as authentication, issuance, and submission.
De-Fi stands for decentralised finance, which means providing financial services in a peer-to-peer manner without intermediaries, and utilising blockchain technology to ensure trust between users. To provide stable services, stablecoins that are linked to fiat currencies or issued as collateral for virtual assets are mainly used as a means of transaction. De-Fi can easily develop new financial services by reducing costs such as transaction fees and having excellent combinability. Still, there are also limitations, such as a high probability of accidents due to regulatory gaps and lack of product stability. To prevent investor losses due to the recent instability of DeFi, financial regulators in various countries are considering introducing regulations for stablecoins and De-Fi.
