When the whole blockchain hype started, it was mostly about speculation in cryptocurrencies. Only a few visionaries looked beyond trading and saw the possibilities and advantages of this technology for new products and services. Over ten years has passed since the birth of blockchain and, while the technology has matured, business processes that take advantage of it are still in their infancy. The reason for this is a lack of standards, unified interfaces, and protocols. In that respect, blockchain is still a very young technology that hasn’t even scratched the surface of its potential.
We at CoreLedger envision the emergence of Token Economies as the natural consequence of mirroring ‘real–life‘ goods and services in the digital world. These mirrored objects, commonly referred to as “Tokens,“ form the building blocks of a Token Economy. Tokens are versatile; they can grant access to information, data, resources, and physical or virtual spaces. They can also represent ownership or rights. Check our section on blockchain use cases for more examples.
However, when our founders created the first prototypes of our Token WARP, a superior protocol for value conversion, we realized that we needed much more than just a few complex smart contracts to build enterprise-grade end–user products. This led to the design of TEOS, our operating system for Token Economies, which powers all of our products and solutions, as well as those of our partners.
TEOS is extremely versatile. It makes the secure and simple creation and administration of digital assets possible, and allows them to be easily converted and exchanged globally. Its powerful features allow any business – from small or medium enterprises to large corporations – to realize business processes on blockchain at a fraction of the cost of developing a project from scratch. Check out all the features of the full TEOS suite to learn more about our offerings.
Q: Is TEOS a product or a protocol?
The operating system is a rich set of services, protocols, smart contracts and tools, which interact with each other and form the backbone of our products. You can’t buy TEOS on its own; it is part of all our products.
Q: Can I try it?
You can try out the TEOS suite through an Active Sandbox subscription.
Q: Which blockchains does it support?
Like any operating system that runs on a PC, TEOS runs on a blockchain. The blockchain must meet a few minimum requirements, but they are so basic that TEOS is actually blockchain agnostic. However, like any PC OS, there are certain adaptations that need to be made in order to fit different chains.
Q: Where does TEOS run?
Most components run in the cloud. We also offer free Android and iOS Apps.
Q: Can TEOS also run on my own servers?
Yes, if the use case requires, it can run on premise. We would, however, not recommend this option for a small or mid-sized project.