Blockchain technology and NFT – Dünya Gazetesi

Dr. Cagla Gulsenkardes

Blockchain is a technology that provides a secure and transparent digital transaction ledger that allows data to be recorded and transferred over the Internet in timestamped form, in a distributed, encrypted and unalterable structure. Blockchain technology is one of the relatively new technologies that is rapidly developing in the field of computer science, engineering and technological sciences with its unique doctrine, methods and content. Blockchain technology, which provides a secure, transparent and decentralized data management infrastructure, brings constructive destruction to traditional industries with a global and inclusive vision, while causing significant social impacts.

Cryptocurrency, which is one of the first products of this technology, increases financial inclusion on the one hand, and on the other hand, it significantly challenges the traditional financial system and associated regulations. Crypto-assets, which enable the digital representation of unique assets, are driving a significant transformation of the arts industry, expanding access to the arts globally and eliminating traditional intermediaries, driving the emergence of new business models . This technology, which allows the democratization of communication and rewards the work of digital information with cryptocurrencies, triggers very important transformations in the context of communication. Today, products and cryptocurrencies developed on blockchain technology, which have reached a very large market volume, have become a large and efficient ecosystem with investors and producers, and detailed information about this market is shared in my book “Blockchain technology and NFT”.

Blockchain technology, which has more destructive effects than many technologies born during the fourth industrial revolution, is potentially expressing itself as a technology more powerful than the Internet. NFTs, which can be defined as single or unique tokens, called Non-Fungible Tokens (NFTs), which uniquely identify assets by tokenizing or uniquely proving their ownership, are a type of crypto- currency developed on the blockchain. NFTs cannot be traded like other cryptocurrencies. Nontradable is an economic term used to describe assets that have their own unique characteristics, such as a piece of furniture, a composition, or your computer. In today’s world, where digitization is accelerating and many assets, information and data are created and processed on the Internet, the scarcity and ownership of assets in the digital environment have become difficult issues to manage. because of the possibility of being easily replicated. NFTs offer a solution to an important problem at this point. A digital product can be copied and reproduced, but this information cannot be copied, because a digital asset registered on the blockchain as an NFT is identified by its unique, non-reproducible token. Copyrights can be easily protected and proven with production and ownership information recorded as a timestamp on the blockchain. While the constructive destruction created by NFTs in different sectors is conveyed in the book, interviews with important artists working in this field are also included in the book.

On the one hand, as products and services developed on blockchain technology are rapidly becoming mainstream across many different industries, the negative effects of using this technology on the environment are also increasing.

Integrating and discussing knowledge of blockchain technology with different disciplines in a meaningful way will critique this technology, whose application areas are rapidly increasing, and generate added value to guide its sustainable growth. In order to evaluate the results of blockchain technology in the service of sustainability and sustainable development objectives, detailed research on the effects of projects on the dynamic relations and transformation of sectors in the axes of environment, economy and society will need to be continuously conducted in a way that allows for comparison.

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