
A public blockchain with no native cryptocurrency
Individuals and institutions can use blockchain without using any native cryptocurrency with high price volatility to pay for fees.
The world's only public blockchain with no cryptocurrency, InfraBlockchain, has proven
its usability through the blockchain-based vaccine passport COOV,
which has more than 43 million users and successfully brought in participation from
government agencies and large corporations.
Traditionally, personal data were stored on a centralized server,
which not only carried a risk of such information getting leaked but also
allowed the service providers to collect and monetize them.
Individuals should be able to not only own their data
to protect their privacy, but also monetize or utilize their data.
Unfortunately, if data is stored locally on their devices instead of
on a centralized server, their authenticity cannot be guaranteed.
Such fraud risk is the reason why the use of blockchain,
which allows anyone to directly verify the authenticity of data,
is required during a centralized-server-less data exchange.
Individuals and institutions can use blockchain without using any native cryptocurrency with high price volatility to pay for fees.
COOV, the designated blockchain vaccine passport of South Korea, used InfraBlockchain to achieve fast processing speed and process large volume of transactions.
We provide standardized products such as blockchain nodes, APIs, SDKs, and smart contracts, that are necessary for application development.