Use Cases represent companies, institutions, and governments that are using the software solutions of the Core Group. Core Group has successfully partnered with various centralized and decentralized companies to integrate their solutions into a decentralized blockchain environment.

A cryptographic secured digital or virtual currency is nearly impossible to counterfeit or double-spend. It is a means of value that can be transferred or seen as payment or value used for secure online payments. Cryptocurrencies are systems denominated in terms of virtual “tokens” or “coins”, represented by ledger entries, internal to the system. Most cryptocurrencies are decentralized networks based on blockchain networks. “Crypto” refers to the mathematical algorithms used for encryption and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public and private key pairs, and hashing functions.

Blockchain is a decentralized ledger of records organized in blocks, connected or linked together by cryptographic validation. It is a storage of a consensus in a digital format. The most important thing to understand about blockchain is that the ledger is not stored in a centralized location or managed by a single entity or organization. It is distributed across multiple locations, on multiple computers, in divided parts, and duplicated. Blockchain is not only used for cryptocurrency to transact value, but also for validation, data transmittance, communication, etc. The blockchain validation process results in an immutable, irreversible data transaction of financial or physical data. These transactions are public and recorded. They cannot be deleted or hidden and are publicly available forever, to ensure that everything is transparent and resilient. The open-source software that leverages blockchain networks is called Ðapps (Decentralized Applications). Core Group has built most of its software solutions and Ðapps on the Core Blockchain Network and the Core Token Smart Contract platform.

Smart Contracts are computer programs or payment protocols that automatically execute, control, and document legally relevant events and actions according to the terms of a written contract or agreement. Smart Contracts are deployed on a blockchain to act as executors which in turn reduces the need for trusted intermediates, arbitrators and enforcement costs, fraud losses, as well as the reduction of malicious and accidental exceptions.

Decentralized applications are software solutions and processes that are:

• Open-source: Governed by an autonomous organization where all changes and applications are decided by a consensus or a majority of the platform’s users. The codebase should be available for scrutiny.

• Decentralized: All operation records of the application or software have to be stored on a public ledger (databases) within a blockchain network. This avoids centralized issues where data is withheld and records can be tampered with and nobody knows when, and where the records have been used. Decentralization decreases the risk of hacking and ransoms when a platform has been infiltrated due to a single point of entry, such as a standard database. Decentralized applications do not only store data on a singular database, but also divide it, duplicate and store it on various individual nodes scattered all over the world. Once you want to verify a particular record, various duplicates of the divided records are cross-referenced to ensure that the data has not been tampered with.

• Incentivized: Everyone contributing towards the network should be incentivized by rewarding them either tokens or cryptocurrency that is cryptographically autonomously calculated.

• Protocol: The community of the application has to agree on a cryptographic algorithm to calculate the proof of value. This is called either Proof of Work or Proof of Stake. Proof of Work is based on computers solving a mathematical problem that is depicted by the cryptographic algorithm. Proof of Stake is based upon how much money a miner stakes to receive coins.