SourceLess Blockchain is a unique hybrid network that combines the critical features of a public blockchain, such as transparency, immutability, decentralization, and security, while restricting unauthorized access to transactions. Its ecosystem is applicable to various domains, including finance, healthcare, identity, government, real estate, and much more.
Distributed ledger technology (DLT) underlies SourceLess Blockchain, which allows the recording of transactions across multiple locations in a secure and decentralized manner. Unlike traditional databases, the ledger has no central data store or administration, as all transactions are recorded on a “block” that is updated by a distributed public ledger.
SourceLess Blockchain introduces a novel concept called web Non-Fungible Token (wNFT), which represents NFT properties for a domain-type address alongside a web address. The private part of SourceLess Blockchain provides restricted participation that is controlled through Blockchain wNFT inside a node, while giving full community access to all members.
One of the significant advantages of SourceLess Blockchain is its impeccable cybersecurity solution, which ensures data protection and prevents counterfeiting and identity theft. By being subject to KYC and AML rules, the street name on the Blockchain provides a secure solution to cyber threats.
The hybrid nature of SourceLess Blockchain makes it an ideal solution for the Internet of Things (IoT), which refers to physical objects that are embedded with sensors, software, and other technologies that connect and exchange data with other devices and systems over the Internet. By placing IoT devices on a private network with restricted access, SourceLess Blockchain can provide a secure and decentralized approach to IoT.
In conclusion, SourceLess Blockchain provides a unique hybrid solution that combines the best features of public and private blockchains. Its ecosystem can be applied to multiple domains, and the use of web NFTs ensures restricted participation and full community access. Its impeccable cybersecurity solution and potential for IoT make it an attractive option for various applications.
