Blockchain

Blockchain is a fixed, time-stamped data record that is distributed and processed on a decentralized network of computers spread around the world.

The Blockchain network does not have a central authority and can therefore be considered as the very definition of a democratized system. Being a shared and invariant database, information in it is equally available to anyone with access to it.

Why use blockchain

Transparency

Blockchain technology makes transaction history incomparably more transparent. To put it simply, blockchain is a decentralized database in a computer network, and all participants in that network share the same copies of data. These shared versions can only be updated by consensus, which means that all those involved must agree. Blockchain data is therefore more accurate, consistent and transparent than legacy processes.

Increased safety

All transactions must be duly authorized before being recorded. Once approved, the transaction is encrypted and associated with a previous transaction. All information is stored in a decentralized network of computers instead of a single, centralized server, making it much more difficult for hackers to compromise transaction data. In any industry where sensitive data protection is critical, blockchain has the potential to truly change how critical information is shared by its ability to prevent fraud and unauthorized activities.

Increased safety

All transactions must be duly authorized before being recorded. Once approved, the transaction is encrypted and associated with a previous transaction. All information is stored in a decentralized network of computers instead of a single, centralized server, making it much more difficult for hackers to compromise transaction data. In any industry where sensitive data protection is critical, blockchain has the potential to truly change how critical information is shared by its ability to prevent fraud and unauthorized activities.

Increased efficiency and speed 

The use of traditional paper-intensive processes can often cause the human factor to fail, causing time inefficiency and the financial burden of using third-party services. By streamlining and automating these processes with blockchain, administrative operations and transactions can be secured more quickly and significantly more reliably. Since record-keeping is performed using a single digital book that is shared among participants, there is no need to reconcile data from multiple freight books, which contributes to improving the organization and structure of processes. After all, equal access to information contributes to increased mutual trust.

Savings

For most companies, reducing costs is a huge priority. With blockchain, the need to use third parties or intermediaries decreases, creating a stronger link between customer trust and company reputation.

Savings

For most companies, reducing costs is a huge priority. With blockchain, the need to use third parties or intermediaries decreases, creating a stronger link between customer trust and company reputation.

Benefits

The highest form of a decentralized system

The scalability of the system will take care of your growing needs immediately

Immutability of data as a guarantee of perfect security

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