SmartState blog

July 12, 2023

The role of blockchain in food industry

One famous New York restaurant on the lower east side of the Manhattan neighborhood took up an advanced technology. They decided to issue their own NFT, Flyfish. Owning one served as a pass to this private dining club. VCR Group, the program developers and restaurateur business veterans, call their creation ‘the first NFT restaurant in the world’. The place was called Flyfish Club, and was created as a conceptual food club with ...

Read more
July 11, 2023

What are Ethscriptions?

Ethscriptions are a kind of on-chain digital artifacts (somewhat analogous to BTC Ordinals) created by MiddleMarch in the Ethereum ecosystem. They offer a new way to create and share digital artifacts on the Ethereum blockchain using calldata of transactions. Although the first Ethscription is said to have been created several years ago, the notable interest in them took off in June 2023. Their creator Tom ‘Middlemarch’ Lehmann ...

Read more
July 9, 2023

A new solution, BRC-721E standard

BRC-721(1) is a newly released token standard which brings Bitcoin and Ethereum even closer. It builds an important bridge from one to another, allowing users to transfer their NFTs to the Bitcoin network. The new standard has been launched by Ordinals market (a Bitcoin ordinals-based marketplace) in collaboration with Bitcoin Miladys collection. Ordinals provide the mechanism to transfer ERC-721 NFTs to the Bitcoin blockchain. It has ...

Read more
June 30, 2023

The role of blockchain in the sports industry

Recently the results of a triathlon competition have been calculated and verified with the help of smart contracts on the Masterchain blockchain platform. And this event was not something unique for the industry.Mookie Betts Legendary collectible tokens (with the famous baseball player dressed in Boston Red Socks uniform) cost more than 2 mln US dollars each, rare Diego Maradona tokens with images of the Argentinean legend cost more than 4 ...

Read more
June 30, 2023

The role of blockchain in the future of renewable energy

The interest in renewable energy sources is growing constantly due to the climate change concerns, traditional energy market instability and other issues. Renewable energy is very variable, innovative and almost unregulated nationally, politically or economically. Moreover, renewable natural energy sources are typically free to use and can not be depleted. As a result, even countries using traditional energy sources are likely to try using ...

Read more
June 27, 2023

Blockchain technology in the industry of tourism

There are hardly many people who hate traveling. Definitely not the majority. The tourism industry is constantly growing. And there is no doubt that travelers are looking for comfort and facilities combined with easiness of booking, convenient transport and other services. Moreover, the amount of self-travelers is also increasing annually (especially after the years of COVID limitations). Tour operators form service markets, influence the ...

Read more
June 19, 2023

The emergence of blockchain-based social media platforms

Social media has broken into our lives like a storm and swiftly occupied a major part of it. It is almost impossible to find an individual in countries with readily available Internet access, who has no relation to them. Social media have helped to build communication between people, especially those being away from each other or locked up (during a recent pandemic, for instance). Centralized social media are not as secure and private as ...

Read more
June 15, 2023

Blockchain-based supply chain management solutions

Supply chain refers to a set of processes, tools, rules and participants involved in delivering physical products. This is one of the key elements in the overall business model and global economy. Managing supply chains is a complicated and hard job, as the goods have to pass through numerous stages and locations on their way from the original place of production to the final destination. This procedure generates tons of paperwork (such as ...

Read more
June 12, 2023

The relationship between blockchain and artificial intelligence (AI)

What can blockchain technologies and artificial intelligence have in common and can they be blended together for the sake of satisfaction and joy? Certainly they can and several steps have already been made along this path. The question is – how exactly.The integration of blockchain and AI reveals new business models, enhances operational efficiency, helps to take off repetitive routine from individuals and improve security, ...

Read more
June 4, 2023

Is the link secure? How to check

Imagine that you have received a link to some website, probably looking similar to your favorite or popular one. Is it official and legal or may it lead an innocent user to a phishing page? The risk of being infected by a virus by inadvertently downloading malware is notoriously frequent and does not seem to decrease. Even links sent by your acquaintances or relatives may be dangerous.However, there are no catch-22s without solutions. Some ...

Read more