What is blockchain?
Blockchain is a relatively new kind of database where users can store transactions. With blockchain technology you can build distributed software. Transactions such as payments, data exchange or contracts can be done without the intervention of a third party. ID2bytes builds Smart Contracts based on blockchain. These Smart Contracts are digitally signed by both parties. Anyone can view the information at any time and the ‘rules’ of the transaction are saved and executed. As a result, you do not need a middle man and everyone within the network can verify that the transaction of the Smart Contracts has taken place.