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Imagine if the wine business could digitally eliminate fraud. Or if winemakers could geolocate precisely when and where their wines are being enjoyed, or whether bottles were tainted or tampered with during shipment?
These are some of the transformative possibilities of technologies like blockchain, says Jeffrey Grosset, founder/owner of Grosset Wines in Clare Valley, Australia.
In its simplest definition, blockchain is a digital ledger of transactions. When a transaction occurs, a record of it is added to every participant’s ledger, or block in the chain, across a network of computer systems. This decentralized form of recordkeeping makes it difficult for individual parties to manipulate the results.
New Hedera Token Service Offers Native Token Issuance and Configurability Without Smart Contracts
HTS Enables Enterprises to Embrace the Disruption of Tokenization in a Secure, Performant Manner
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DALLAS, Feb. 9, 2021 /PRNewswire/
Hedera Hashgraph, the enterprise-grade distributed public ledger, today announced the public availability of the Hedera Token Service (HTS), a new Hedera network service that offers users the ability to issue and configure tokens on the Hedera platform, taking full advantage of Hedera Hashgraph s native performance, security, stability, and governance. HTS offers a faster and more efficient alternative to smart contract token creation, and is based on the emerging industry standard Token Taxonomy Framework from the InterWork Alliance.