Blockchain works by preserving information in blocks which are chained to each other, according to Investopedia. The system’s uniqueness stems from its sustainability since it makes an irreversible timeline of data in a decentralised nature. When a block is filled, it becomes a timestamped part of this timeline that cannot be changed through one party. Blockchain has the potential to revolutionise the way business is conducted since it includes transparency (due to its decentralised nature), organisation (since new blocks are always stored linearly and chronologically), security and traceability (once a block has been added to the end of the blockchain, it is very difficult to go back and alter its content).
Boson Protocol is a web 3.0 primitive that acts as the foundational infrastructure to connect smart contracts with real-world commerce and its data to power the decentralized autonomous commerce revolution. Through Commitment NFTs, Boson Protocol allows for future trade commitments to be tokenized, enabling enterprises, organisations, and customers to bridge the divide between digital decentralized technologies and the transfer and trade of physical goods.