The Blockchain Application
AZIT is a blockchain-based, point integration platform for real estate and residential services. AZIT provides a service that allows users to conveniently use points as they see fit for residential services related to real estate or community facilities by integrating points that can be used anywhere.
Welcome to AZIT!
Today, we will introduce the application of blockchain technology. There are many benefits to blockchain technology. First, decentralized systems help save information. Second, data cannot be changed through hacking or manipulation. Third, this technology does not need an intermediary.
What is a Blockchain?
A blockchain is a distributed data storage technology that stores data in blocks, connects them in a chain, and replicates and stores them on multiple computers at the same time.
Advantages of Blockchains
Decentralization
Since blockchain data is usually stored on thousands of decentralized network nodes, systems and data are highly resistant to malicious attacks. Each network node can replicate and store a copy of the database. Moreover, if one node goes offline, network utilization and security are not affected.
Stability
Once the block is approved and the data is written on the blockchain, it is difficult to delete or change the data afterward. It is also permanently recorded on a decentralized public ledger so that all changes can be tracked.
No Intermediaries
In traditional trading systems, transactions were carried out by intermediaries such as banks, credit card companies, or payment providers. However, with blockchain technology, intermediaries are no longer needed because decentralized network nodes can validate transactions through a mining process.
AZIT and the Blockchain
Blockchain-Based Point Transactions are Reliable and Transparent
One of the biggest reasons for adopting blockchain technology is reliability. Tokenizing existing points enables safer and more reliable point transactions. It also allows customers to easily use points without having to directly cooperate with others or share sensitive information with partner companies.
In addition, customers can receive a discount when purchasing blockchain mileage with AZIT tokens, or cash out AZIT tokens on cryptocurrency exchanges.
It is possible to build a platform that integrates points without blockchain technology, but it requires significantly more resources to create a platform with the same level of reliability and stability without blockchain technology.
Global Partnerships and Virtual Asset Trading
Another goal of the AZIT platform is to form partnerships with global companies and integrate points with them in the future. With the global standardization of blockchain technology, the business model of the AZIT platform has the potential to expand into the global real estate and residential services market.
Improve Data Security
While integrating points, partners may be reluctant to share their financial information with other companies. Further, even if both companies share internal information, security issues could occur at any time.
Fortunately, a high-security blockchain system can solve those problems. Chains created separately for each AZIT partner prevent leakage of internal information to other companies. AZIT’s platform operators can also monitor each chain on a regular basis.
In addition, partner companies can track how customers use points and share that data with other companies. They can then analyze consumption patterns based on the accumulated data.
Reduce the Cost of Building Point Systems
Building an existing point system usually takes months and can be quite expensive. This is because even if a company has its own point system, connecting with other companies requires enormous resources. It’s not only expensive to build the system infrastructure and language, but it also takes time to discuss privacy, security, and handling issues.
API linkage using blockchain technology on the AZIT platform makes it easier to build an integrated point system and saves considerable time and money.
