Problem Statement
Blockchain technology has emerged as a universal language in the digital world, seamlessly connecting applications and services across different domains and countries. Over the past decade, blockchain has achieved significant advancements in the financial sector and continues to transform various aspects of real life, including social interactions, gaming, and consumer goods. Despite its progress, there has been certain challenges:
Suboptimal Blockchain Integration:
Blockchain integration with real-world commercial systems remains inefficient.
Lack of efficient middleware to connect decentralized applications (dApps) with diverse business systems.
Hinders widespread adoption of blockchain in various applications.
System Fragmentation in the Commercial Sector:
Datasets lack standardized formats, leading to data synchronization issues.
Integrating centralized systems requires substantial time and resources.
Blockchain technology can encrypt and format data to enhance interoperability, fostering flexibility and openness in cross-industry collaborations.
Consumer Data Control and Privacy Concerns:
Consumer data control is a significant concern amid blockchain integration.
Decades of internet service development have led to consumer data loss.
Privacy compromises, regulatory issues, and reduced consumer confidence are prevalent.
Existing solutions lack transparency and tangible benefits.
Governments and international organizations seek solutions to protect consumer rights in future commerce.
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