Up - Whitepaper English

2. What is Blockchain?

It is a decentralized and immutable database that facilitates the process of recording transactions and tracking assets on a network, example: a ledger where everything recorded is linked and cannot be changed.
Virtually any item can be tracked and traded on a blockchain network, this reduces risk and cost for everyone involved.

Why is it important?

It is ideal for recording and delivering information as it is shared, helps fundraising, protects against fraud, is completely transparent, super secure and fast. In the blockchain network it is possible to carry out financial transactions, authenticity registration, document signing, smart contracts, creation of tokens and NFTs.
In addition, it is possible to track each transaction at any time and see all the details of a transaction from end to end, which offers greater trust, common agreement between the parties, efficiency and new business opportunities.