The Ramón Areces Foundation organised an engaging online colloquium entitled, “Beyond cryptocurrencies: blockchain applications in economics”. The event was attended by Juan Manuel Corchado, director of the BISITE Research Group and president of the AIR Institute; Miguel Ángel Sicilia, from the University of Alcalá, and Miguel Jerez Méndez, from the Social Sciences Council of the Ramón Areces Foundation, who shared their knowledge and opinions on the current applications of blockchain.
The Foundation has a long history of promoting scientific research in Spain. Supporting talent, scientific capabilities and the work of young Spanish researchers and professionals. In this regard, they have launched a series of informative conferences on current topics and on this occasion, blockchain has been the main protagonist, with the aim of delving into other uses that it has in the economy, beyond cryptocurrencies.
“Blockchain is an inalterable digital ledger that stores all the transactions of a set of users. This electronic system can be programmed to record not only financial transactions, but virtually everything of value.”
Corchado presented some of the many applications that blockchain currently has, such as smart contracts, property registers and virtual currencies. He also presented the main projects of the BISITE group and the AIR Institute which involve blockchain.
Projects such as Noixion, a video and streaming platform with cryptocurrencies for views as a form of payment.
Innoblockchain: a tool for certifying email delivery with blockchain.
Sostvan: tracing cattle using blockchain. Producers will have the opportunity to increase the profitability of their farms and provide end consumers with quality products that will be inspected and controlled using blockchain technology to improve traceability, transparency and food safety in the value chain.
Chainwines: wine traceability using blockchain. A project we carried out with Pago de Carraovejas, one of the most important wine companies in the country.
Deep Intelligence: a solution based on Machine Learning algorithms, which transforms data into valuable information and helps companies make better decisions.
The day ended with an interesting debate among the speakers. Here is the recording of the event, which was undoubtedly a great success.