Blockchain Integration

Blockchain Integration

Blockchain technology serves as a complement to quantum cryptography, furnishing a decentralized and transparent platform for executing smart contracts, verifying transactions, and upholding an immutable ledger.

Critical Components:

1. Decentralization: The Bharat Smart Chain operates on a distributed network of nodes, bolstering security and averting single points of failure.

2. Smart Contracts: These self-executing contracts enable automated and trustless transactions, streamlining various processes for enhanced efficiency.

3. Consensus Mechanism: Employing a consensus mechanism to validate and harmonize the blockchain's state, thereby ensuring the integrity of data.

Practical Applications:

・Smart Contracts: Streamlining processes by executing programmable contracts sans intermediaries, thus automating tasks within the ecosystem.

・Tokenization: Issuing and managing tokens on the blockchain—such as GNX and GNA—to represent assets and facilitate transactions.

・Security: Striving to meet the rigorous requirements for CBDC, necessitating a high level of security.