Is Blokchain Technology the Next Revolution After The Internet?

Is Blokchain Technology the Next Revolution After The Internet

Everything we have learned and known to date about big data is changing profoundly with Blockchain technologies. Blockchain’s only “Bitcoin” etc. More and more people and industries are beginning to understand that it is not just about cryptocurrencies.

Noting that the blockchain will be described as the biggest revolution after the internet, Tırport Chairman of the Board Dr. Akin Arslan said:

“Blockchain, with its Turkish name Blockchain, consists of a set of mathematical algorithms called “HASH”, which ensures that data and transactions are encrypted end-to-end, and transforms the entered data into a fixed-length output. An encyclopedia consisting of thousands of pages or a single letter is represented by an index of 64 characters in a 16-array system within the Blockchain methodology. In a customs document or money transfer process, it is enough to look at and verify the HASH code with only 64 characters, rather than checking all the historical documents to see if any changes have been made. In summary, Blockchain offers a decentralized database network. Since transparency and accessibility are the main setup of this network, encryption and verification methods are provided to protect user data. For example, while a logistics company using blockchain solutions enters trucker or transportation data into the system, the verification of historical data is done with the consensus of the machines, with the servers, which are network stakeholders, simultaneously approving the change. Data after validation cannot be changed unless stakeholder-authorized modification permission is granted. The new data is addressed with a new HASH code and stored in the system, encrypted with the highest level of encryption protocols to further enhance data security, and stored in the blockchain network used by stakeholders. A data is protected by the blockchain at the level at which it is created. The data cannot be modified without the chain’s stakeholders simultaneously approving access to the data. As soon as the approval is given, the address where the data is stored changes and the new address is represented by the new HASH code.

TIRPORT Focuses on Blockchain Technologies

Giving information about the work done at Tırport, which leads the end-to-end digital transformation of the logistics industry in our country and in the world, Dr. Akin Arslan said:

“Tırport, which has become one of the leading digital platforms in Europe in the logistics sector, aims to manage more than 30 thousand FTL transports per day in the Turkish logistics market in the next 3 years. In this ecosystem, where tens of millions of data flows in different forms every day, data security and transaction/approval speed will become even more important. Tırport focuses on Blockchain technologies with this awareness. Studies have been started to put into practice applications that can set an example in the sector in Europe and the region.


What Is Included In The Blockchain Space?

Explaining that blockchain technology has entered our lives with cryptocurrencies, Dr. Akın Arslan continued his speech as follows:

“Blockchain technology, which started to enter our lives with cryptocurrencies since the beginning of 2009, has made significant developments in the past 11 years, extending to smart contracts and non-financial solutions. We see that blockchain technologies are being used in digital identity, recording of banking transactions, e-invoice, e-dispatch, cyber security and digital medical record systems. In short, if we take a look at the Blockchain space; your company’s signature circular, your digital signature, a 150-page contract, your approved progress payments, your payment plans, your bank statements, your CV, your passport history, all your past balance sheets, invoices and waybills etc., your production reports, your e-pulse history. can be represented by a HASH of only 64 characters. The important thing is that no one but you can re-create information with reverse engineering. When the information is refreshed, it also has a new HASH ID. This incredible technology is pushing the limits of our minds. As another example, with the spread of Blockchain in supply processes, the crop journey from seed to fruit-vegetable will turn into a value chain from seed to end consumer. You will be able to see all the stages of that product with a 64-character product hash code. You will be able to learn in detail in which factory, in which production line, in which second, 1 kg of rice is packed, on which pallet it is transferred to the warehouse, how long it waits there, and then the whole journey that comes to you. That is why Blockchain technology is the biggest revolution after the Internet.”