Blockchain technology allows for transparent sharing of information in a business network through a chronologically consistent chain of linked data blocks that cannot be deleted or modified without network consensus. The E-krona is Sweden's digital currency developed by its Central Bank as a digital version of the Swedish krona for everyday payments, offering a secure and efficient payment system with low costs, fast transactions, and interoperability with other digital currencies and payment systems, represented as tokens on a distributed network using R3's Corda blockchain platform.
Blockchain technology allows for transparent sharing of information in a business network through a chronologically consistent chain of linked data blocks that cannot be deleted or modified without network consensus. The E-krona is Sweden's digital currency developed by its Central Bank as a digital version of the Swedish krona for everyday payments, offering a secure and efficient payment system with low costs, fast transactions, and interoperability with other digital currencies and payment systems, represented as tokens on a distributed network using R3's Corda blockchain platform.
Blockchain technology allows for transparent sharing of information in a business network through a chronologically consistent chain of linked data blocks that cannot be deleted or modified without network consensus. The E-krona is Sweden's digital currency developed by its Central Bank as a digital version of the Swedish krona for everyday payments, offering a secure and efficient payment system with low costs, fast transactions, and interoperability with other digital currencies and payment systems, represented as tokens on a distributed network using R3's Corda blockchain platform.
• Blockchain technology is an advanced database mechanism that
allows transparent information sharing within a business network.
• A blockchain database stores data in blocks that are linked together in a chain. • The data is chronologically consistent because you cannot delete or modify the chain without consensus from the network • The E-krona is a digital currency developed by the Central Bank of Sweden. It is a digital version of the Swedish krona and is designed to be used for everyday payments. • E-krona offers a secure and efficient payment system with low transaction costs and fast transaction times. It is also designed to be interoperable with other digital currencies and payment systems. • The e-kronas in the tested solution are represented by digital units of value, known as tokens, in a distributed network based on a type of blockchain technology on the company R3’s Corda platform