Posted by Solar on the other board...............
https://nano-magazine.com/news/2019/12/19/con...currencies
QUANTUM DOTS IMPACT ON THE BLOCKCHAIN
As part of my talk, I also highlighted one example of how the combination of the blockchain and nanotechnology can be applied to a particularly challenging aspect of the supply chain management, namely the huge global criminal marketplace in counterfeit goods. This as we know really hurts business profits, impacts brand trust and undermines customer relationships. The counterfeit market alone is a trillion-dollar global business and something that a more secure digital asset can potentially eradicate using nanotechnology-based quantum dots as the foundations of any transaction of a physical asset or digital asset. This is even more fool proof than a DNA fingerprint.
As most would know by now a blockchain is a type of database that is tamper proof. Data stored in a blockchain cannot be changed (the technical term is immutable), it can be shared among multiple users, and significantly the composition of the data stored is agreed to by multiple users of the blockchain before it can be stored (this process is known as consensus). In short, blockchains as the world is finding out are an incredibly secure way to keep information safe and consistent among multiple participants in a business network.
Furthermore, on this shadowy world of counterfeit goods. Sadly, it’s a big business for criminals. Industry statistics suggest counterfeiting is a $1.8 trillion endeavour that spans the globe. Just about every product is a target for counterfeiters – luxury fashion accessories, fine art, wine, auto parts, pharmaceuticals, sports brands and consumer electronics are some common examples – and this activity impacts businesses and their brands both financially and reputationally and can represent a significant risk for consumers.
So how is the combination of blockchain and nanotechnology being leveraged to fight the counterfeiters as just one example of how nanotechnology will work alongside the blockchain, digital assets or digital currencies?
IMG_4535.JPGIMG_4548.JPGIMG_4545.JPGIMG_4583.JPGIMG_4542.JPGIMG_4539.JPGIMG_4546.JPG
The World Nano Foundation has companies who have developed highly sophisticated nanomaterials in the form of Quantum dots over the past decade. Quantum dots are nanoscale semiconductor particles that possess notable and extremely useful optical and electrical properties. They measure from 1,000 to 100,000 atoms in size (approximately 10,000 dots would fit across the diameter of a human hair) and they generate light when energy is applied to them or generate energy when light is applied.
We work with nanotech companies who can now create large commercial quantities of quantum dot materials that can be finely tuned to emit predetermined wavelengths of light (in both the visible and non-visible spectrums) with the ability to create billions of unique optical signatures linked to any physical or digital asset. Moreover, they are excitable by numerous excitation energy sources which creates many unique opportunities in the digital and physical space.
These Quantum dots can be incorporated into almost any physical item at time of manufacture, and then provide a unique light signature that establishes absolute product identity. These identities are impossible to copy or clone so that products enhanced by them can be verified as being genuine items and not counterfeits.
https://nano-magazine.com/news/2019/12/19/con...currencies
QUANTUM DOTS IMPACT ON THE BLOCKCHAIN
As part of my talk, I also highlighted one example of how the combination of the blockchain and nanotechnology can be applied to a particularly challenging aspect of the supply chain management, namely the huge global criminal marketplace in counterfeit goods. This as we know really hurts business profits, impacts brand trust and undermines customer relationships. The counterfeit market alone is a trillion-dollar global business and something that a more secure digital asset can potentially eradicate using nanotechnology-based quantum dots as the foundations of any transaction of a physical asset or digital asset. This is even more fool proof than a DNA fingerprint.
As most would know by now a blockchain is a type of database that is tamper proof. Data stored in a blockchain cannot be changed (the technical term is immutable), it can be shared among multiple users, and significantly the composition of the data stored is agreed to by multiple users of the blockchain before it can be stored (this process is known as consensus). In short, blockchains as the world is finding out are an incredibly secure way to keep information safe and consistent among multiple participants in a business network.
Furthermore, on this shadowy world of counterfeit goods. Sadly, it’s a big business for criminals. Industry statistics suggest counterfeiting is a $1.8 trillion endeavour that spans the globe. Just about every product is a target for counterfeiters – luxury fashion accessories, fine art, wine, auto parts, pharmaceuticals, sports brands and consumer electronics are some common examples – and this activity impacts businesses and their brands both financially and reputationally and can represent a significant risk for consumers.
So how is the combination of blockchain and nanotechnology being leveraged to fight the counterfeiters as just one example of how nanotechnology will work alongside the blockchain, digital assets or digital currencies?
IMG_4535.JPGIMG_4548.JPGIMG_4545.JPGIMG_4583.JPGIMG_4542.JPGIMG_4539.JPGIMG_4546.JPG
The World Nano Foundation has companies who have developed highly sophisticated nanomaterials in the form of Quantum dots over the past decade. Quantum dots are nanoscale semiconductor particles that possess notable and extremely useful optical and electrical properties. They measure from 1,000 to 100,000 atoms in size (approximately 10,000 dots would fit across the diameter of a human hair) and they generate light when energy is applied to them or generate energy when light is applied.
We work with nanotech companies who can now create large commercial quantities of quantum dot materials that can be finely tuned to emit predetermined wavelengths of light (in both the visible and non-visible spectrums) with the ability to create billions of unique optical signatures linked to any physical or digital asset. Moreover, they are excitable by numerous excitation energy sources which creates many unique opportunities in the digital and physical space.
These Quantum dots can be incorporated into almost any physical item at time of manufacture, and then provide a unique light signature that establishes absolute product identity. These identities are impossible to copy or clone so that products enhanced by them can be verified as being genuine items and not counterfeits.
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