Among its most prominent benefits are data security and authentication, transparency and disintermediation. Right now, the technology is still in its infancy, but it has already found some impressive applications.
Blockchain solutions are not only limited to the exchange of cryptocurrencies. There are numerous benefits that this technology can present to businesses in many different industries, through its distributed and decentralized nature:
Greater Transparency
Blockchain’s greatest characteristic stems from the fact that its transaction ledger for public addresses is open to viewing. In financial systems and businesses, this adds an unprecedented layer of accountability, holding each sector of the business responsible to act with integrity towards the company’s growth, its community and customers.
Increased Efficiency
Due to its decentralized nature, Blockchain removes the middlemen in several fields. In contrast to traditional financial services, Blockchain facilitates faster transactions by allowing Peer-to-Peer cross-border transfers with digital currency.
Better Security
Blockchain is far more secure than other record keeping systems because each new transaction is encrypted and linked to the previous transaction. Blockchain as the name suggests, is formed by a network of computers coming together to confirm a ‘block’, this block is then added to a ledger, which forms a ‘chain’.
Improved Traceability
With the Blockchain ledger, each time an exchange of goods is recorded on a Blockchain, an audit trail is present to trace where the goods intiated from. In industries such as Medicine, it can be used to track the supply chain from manufacturer to distributor, or in the Art industry to provide an irrefutable proof of ownership.
Consultancy
We offer advice on the strategic employment of blockchain technology based on a thorough analysis of your company’s profile whilst drafting along your ideas of development. We will assess the potential of blockchain technology in your company and discuss possibilities of optimization.
Development
We provide you with the programming of scalable and distributed applications and custom-built protocols. Additionally, we support you throughout the entire process of integration and adaptation of blockchain technology into your already existing company network.
Research
We provide unique access to the results of our cutting-edge research in the fields of cryptocurrency and distributed ledger technology carried out by our own experts. It is important to us to share our results and findings at conferences and in form of publications.
Smart Contract forms the most integral part in any Blockchain. It has come to known as the backbone of automation in the entire process. The terms and conditions of the contract are built on the code of Blockchain technology which is distributed and decentralized across a network. Hence, any transactions carried under smart contracts are traceable, irreversible and the parties involved are accountable. We provide the most accurately coded smart contract conditions to you. Take a look at the features below:
Digital Contract Architecture
To work as expected, the computer-based protocol needs a top-notch workflow.
Smart Contract Design and Development
State-of-the-art digital contract, with customizable features adaptable to any industry.
Smart Contract Auditing
Meticulous smart contract auditing for a reliable and zero breach computer-based contract.
Smart Contracts Optimization
An optimized contract can help you waste less Ethereum gas.
Build Decentralized Applications
With Decentralized Applications and Smart Contracts, every type of software can be more trustworthy and functional.
