Alastria is born, the first national regulated network of Blockchain

The main Spanish banking, energy and telecommunications companies, among which Orange is, have constituted Alastria, the world's first regulated national network based on Blockchain. This consortium, synonymous with profit, It has just been presented simultaneously in the cities of Madrid, Barcelona, Bilbao, Valencia and Malaga.In particular, Alastria will develop the technology of shared accounting records, called to become the new ecosystem of data exchange and that will enable and accelerate the transformation digital of different industrial and business sectors in the coming years thanks to its agility, veracity, security and efficiency.

Related The Alastria consortium was created to accelerate the creation of digital ecosystems by making available a common collaborative platform : the Alastria network.Likewise, from the very constitution, the consortium It is composed of about 70 of the largest companies and institutions of different sectors.

In addition, its founders include professionals such as notaries and lawyers who will ensure the security and veracity of information through the identification of physical and legal persons.Not surprisingly, the digital ID will be the main focus of Alastria in its beginnings through the Digital Identity standard »ID Alastria» , which will allow citizens to have control over your personal information transparently following the guidelines set by the European Union.

Alastria is an open platform to which more companies, startups, SMEs, large corporations, universities and other actors from all sectors in Spain adhere.Those interested in joining can access more information on the website or send a mail to members@alastria.io.

alastria, a shared platform

The Alastria network will be a shared platform on which different participants , and especially large companies, will be able to create digital representations of the assets with which they work in their usual economic activity , also called tokens . With these tokens it is possible to develop new products and services of innovative cutting, in addition to being able to develop current processes more quickly, safely and efficient.In this way, the network allows accelerating the digital transformation of current processes, and enables a new paradigm of collaborative and multisectoral innovation in a very efficient way.

The objective of Alastria is to transcend the business environment and has held meetings with representatives of the Public Administration and Regulators.In this regard, Alastria has requested the opening of collaboration routes to identify use cases in public bodies and monitor those services that are in the process of study and analysis.To promote knowledge and adoption of the network, Alastria is organizing training sessions aimed at the Administration.

In addition, the development of the platform will not remain in the growth of its number of partners, but in the development of the technology itself, which will be open. In this way, the Alastria pondra consortium resources and contacts available to the community so that the ecosystem can grow and expand its potential benefits to more companies and users.

a necessary consortium

Beyond companies, Public Administration, Regulators and developer community, in the Consortium the university community will play an important role. Several agreements with renowned centers have already been closed and, in addition, it will be an open process in which a significant number of institutions and university centers will be added.The objective is the establishment of agreements that promote research, experimentation and training.

»It is not easy that so many companies of such relevance decide to bet together a project from their very birth. That is the best example of the incredible potential that both this technology and the consortium have.We should feel proud that a pioneering and unpublished project around the world was born in Spain, which puts our country's industries at the forefront of digital transformation, ”explained Julio Faura, president of Alastria.

For his part, Alex Puig, CEO of Alastria, indicated that »the Blockchain has the potential to become the greatest advance in history in the way we share any digital element, be it a document, a service, a ticket for a show or money ». In this sense, I insist that the birth of the Consortium was necessary because« Internet is being reinvented so that we can share and do business in a verified and safe way, but it is a standard is needed that allows all industries and the developer community to work with the same base ».

What is the blockchain and how does it work?

As we explained earlier in nobbot, the term Blockchain or blockchain was first applied in 2009 to name the system on which the Bitcoin virtual currency sits, created by the mysterious Japanese Satoshi Nakamoto just at the dawn of the economic crisis and that is not backed by any government or issued by any central bank.In essence, Blockchain is a great virtual accounting book that is built by blocks that later join .It is accounting (agile, cheap and decentralized) of the Bitcoin world.The particularity is that this book is replicated in all the nodes or computers that support the Bitcoin system.

And how does it work? Each block closes with the transactions that have been made in a period of approximately 10 minutes.That piece of information ends with a last line that contains a very long number that comes out of a very complex mathematical operation.It is the famous »proof of work» In this way, the system shields itself against hackers and people with bad intentions, because it takes a lot of time and money to find the solution to these problems.

alastria: trust and security

In this sense, as the Blockchain or the shared accounting record is probably the most disruptive technology since the arrival of the internet , it could transform industries by decentralizing trust, generating an exchange of goods and services without the need for third parties.This would be possible because the information circulating through the shared accounting records will be verified, as will those who are at the ends.

Specifically, the Alastria network, a semi-public-enabled blockchain, is made up of nodes-computers hosted by various participants-and provides shared accounting registration services. In this way, the partners of this network can Develop services and products within Alastria with total confidence and security.The fact that the digital identity of each member is certified and guaranteed allows the use of smart contract technology on which services can be offered and applications exploited in a transversal environment and with full legal guarantees in Spain.

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