All the words you need to know to talk about blockchain and metaverse

B.

Blockchain: technology that allows you to record but also to transmit information online. This data chain, assembled as soon as it is verified, is encrypted but its operation and rules are 100% transparent, secure and without a centralized control body.

VS

Cryptocurrencies: virtual currency that is only used on the internet, such as bitcoin. To ensure the security of the various transactions, it uses the blockchain. Note that the cryptocurrency is independent and not dependent on banks.

D.

Disruptive: it says something that disturbs, breaks, breaks with the existing. For example, a technological innovation can be disruptive if it replaces an important already existing technological device.

And

Industrial espionage: kind of espionage we observe in the commercial sector. It has the distinction of targeting a company’s economy and industry and not security. For example, the theft of information relating to production data.

F.

Decentralized Finance (DeFi): set of applications that aim to make the population independent from banks, insurance companies, etc. When it was created, decentralized finance was about the Ethereum cryptocurrency, or smart contract.

fintech: set of innovative and digital financial services. Fintech includes mobile payments, online banking, crowdfunding devices, etc. It is aimed at both companies and individuals.

I

Economic intelligence: technique to collect data in a company, in a structured way. These data will then be disseminated according to the needs of its user.

M.

Metavers: immersive virtual universe, designed in 3D, in which users can interact through their avatars.

Currency Fiat: currency whose value is set by a government, state or legal institution. This is the case with the euro, the US dollar or even the Chinese yen.

NOT

NFT (non-fungible token): digital token that acts as a certificate of ownership. It allows an individual to hold a non-fungible object such as a work of art, video content, music, etc. Non-fungible means that it cannot be exchanged for something of the same value.

S.

Smart contracts: software belonging to the universe of the blockchain, which does not govern any legal authority but the computer code.

Stake: technique that consists, for a user, in blocking part of his cryptocurrency. The blocked sum will be used for various operations within a blockchain such as improving data security.

T.

Traceability: technique that consists in determining the origin of a product, from its creation to its production.

Trusted third party: person or body authorized to carry out operations of legal security of authentication but also of transmission and conservation. For example, companies can use an organization as a trusted third party to set up an electronic signature system.

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