The short answer is that this varies across blockchains. We’re going to take a closer look at smart contracts in the context of Ethereum and in the context of Solana - where they are referred to as “programs”.
On both of these blockchains, tokens are issued using smart contracts (on Ethereum) or programs (on Solana). How they are issued is very different.
Breaking Up With The “Music Copyright Violations” Using Smart Contracts
There are millions of music artists around the world. From a composer’s perspective, copyright infringement is more common in the music industry. What could be the best technology to break down these issues other than ‘blockchain?’ – Let us dig in!
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Former racing champion Vincenzo Sospiri, explained that:
Their team will build NFT certification for their race cars with Go2NFT and blockchain platform Skey Network. This will allow them to monitor and ensure the quality of the car parts
Img content : Lamborghini-backed GT racing team to authenticate car parts using NFTs
To satisfy our hunger for this curiosity, NFTs (Non-fungible tokens) that run on blockchain was introduced. Since they’re based on blockchain, they are completely secure, and anyone can view the owner's information and the entire history of any NFT.
There might be a few questions in your mind, like where can I sell NFTs? Are they only for celebrities and millionaires? Can I use it for my start-up or small business?
Blockchain Being The Game Changer In Software Development Industries
The distributed ledger technology, blockchain, is growing faster than ever and is now used in software development. It addresses the industry's various challenges while ensuring productive testing activities, enhanced collaboration within & between organizations, and implementing smart contracts
