Blockchain For Retail: A Multi-Franchising Concept

You have heard hundreds of times about Blockchain, but do you really know how it works? Well, the truth is that the relevant thing is not to know the technicality but to understand the logic in order (to try) to implement them or even find new use cases and be the next Unicorn in town.

Blockchain

Blockchain refers to technologies that allow to keep an inviolable transaction record, represented online as a "block". This transaction is unhackable, not only because it is encrypted but also because the Block is broadcasted in a network of billions of nodes that validates the transaction. Add the Block to the Ledger that they keep from all previous transactions, adding this "Block" to the previous ones, evoking the metaphor of a chain of blocks.

This is extremely useful to divide things that physically are difficult to divide (metals, buildings, fine art, etc.). In the same cases, it reduces the bureaucracy or avoids centralization of the decision-making (that's why it is called to be the model for decentralized economies - and precisely the scary thing for governments and regulators). Each "piece" in which we divide an asset with Blockchain is a token that will be the…