Palpables Blockchain
Experience Palpable Value with Palpables — Where Digital Meets Reality.
Last updated
Experience Palpable Value with Palpables — Where Digital Meets Reality.
Last updated
The corporate structure that emerged in the 1600s still dominates modern society today, without any significant innovations in decision-making or capital raising for specific groups. In traditional corporations, there is often a weak or non-existent link between shareholders, who make the company’s decisions, and customers, who use the company's services.
However, blockchain systems fundamentally differ in that participants in the community are actively involved and rewarded based on their contributions, which allows them to participate in the community's decision-making. This distinctive feature and innovative approach foster greater engagement: individual satisfaction from services leads to increased participation, which translates into contributions to the community and ultimately results in the growth of the community. As the community grows, participants receive more rewards and decision-making opportunities, creating a virtuous cycle of active contribution and mutual growth.
This virtuous cycle can be realized through three main features of blockchain, which we will detail below: (1) Transparency, (2) Security, and (3) Overcoming National Barriers.
Blockchain’s decentralization empowers individuals to become not just consumers but also producers. This innovation is expected to accelerate, transforming the traditional corporate model, which focuses on providing services and products for profit, into a blockchain model that creates and shares value among communities based on service and product usage. This model is anticipated to build a better society and possess greater competitive strength.
Blockchain significantly enhances transparency and reliability. Traditional financial systems can be manipulated by intermediaries or internally. Blockchain stores all transactions on a publicly accessible distributed ledger, making financial statements immutable and highly reliable for investors and stakeholders. This also strengthens trust between business partners and improves audit efficiency.
Blockchain's decentralized network structure significantly enhances data protection. With no single point of failure (SPOF), the likelihood of a hacker successfully attacking the system or causing data loss is greatly reduced. Blockchain's encryption technology ensures data integrity, securing sensitive information. This powerful security feature has led to the development of various decentralized applications (dApps).
Blockchain improves international transactions with digital currencies by eliminating the need for central banks or intermediaries, saving time and money, and providing financial services to the unbanked. Its decentralized ledger transparently records transactions, enhancing trust. The growing use of digital currencies highlights blockchain's increasing importance in the global economy.
