What is known to date about big data is deeply changing with Blockchain technologies. More and more people and sectors are beginning to understand that blockchain is not just about cryptocurrencies like “Bitcoin”.
Blockchain consists of a whole of mathematical algorithms called “HASH”, which convert the entered data into fixed-length output, allowing data and transactions to be encrypted and stored end-to-end. An encyclopedia of thousands of pages, or a single letter, is represented by an index of 64 characters in the Blockchain methodology in the 16-page system. In a customs document or money transfer process, it is enough to look at and verify the HASH code with only 64 characters, rather than checking all the historical documents to see if any changes have been made. In summary, Blockchain offers a decentralized database network. Since transparency and accessibility are the main setup of this network, encryption and verification methods are provided to protect user data. For example, when a logistics company that uses blockchain solutions enters the trucker or transport data into the system, verification of historical data is done by the consensus of the machines, with the servers that are network stakeholders approving the simultaneous change. Data after validation cannot be changed unless stakeholder-authorized modification permission is granted. The new data is addressed with a new HASH code and stored in the system, encrypted with the highest level of encryption protocols to further enhance data security, and stored in the blockchain network used by stakeholders. A data is protected by the blockchain at the level at which it is created. The data cannot be modified without the chain’s stakeholders simultaneously approving access to the data. As soon as the consent is granted, the address where the data is stored changes and the new address is represented by the new HASH code.
GLOBAL LOGISTICS SECTOR RUNS FOR $12 TRILLION IN 2025
Blockchain technologies will shape the global logistics sector, which runs to $12 trillion in 2025. Focusing on blockchain technologies, Turkish logistics technology startup TIRPORT has launched efforts to launch applications that can be exemplary in the sector, Europe and the region. TIRPORT, which has become one of the leading digital platforms in Europe in the logistics sector, aims to manage over 30,000 FTL transports per day in the Turkish logistics market within the next 3 years. In this ecosystem, where tens of millions of data flow in different forms every day, the security of the data and the speed of processing/approval will become even more important.
SINCE 2009, KRYPTO HAS STARTED TO ENTER OUR LIVES WITH MONEY
Blockchain technology, which started to enter our lives with cryptocurrencies from the beginning of 2009, has made significant progress in the past 11 years, reaching out to smart contracts and non-financial solutions. We see that blockchain technologies have also been introduced in digital id, banking transactions recording, e-invoice, e-packing slip cybersecurity and digital medical registration systems. In short, if we look at blockchain space, it’s in; Everything you can think of, such as your company’s signature circular digital signature, a 150-page contract, approved entitlements, payment plans, bank statements, CV, passport history, all past balance sheets, invoices and receipts, production reports, e-pulse history, etc., can be represented with a HASH of only 64 characters. The point is, no one but you can recreate information through reverse engineering. When the information is refreshed, it also has a new HASH identity. This incredible technology is pushing the boundaries of our minds. As another example, with the proliferation of blockchain in the procurement processes, the crop journey from seed to fruit and vegetables will become a value chain from seed to end consumer. With a product hash code of 64 characters, you will be able to see all the stages of that product. You will be able to find out in detail which factory, production line, second of package of 1 kg of rice, with which pallet it is transferred to the warehouse, how long it waits there, then its entire journey to you. That’s why Blockchain technology is the biggest revolution after the Internet.