Blockchain

Blockchain is a shared, immutable ledger for recording transactions, tracking assets and building trust. Discover why businesses worldwide are adopting it.

What is Blockchain?

Blockchain seems complicated, and it definitely can be, but its core concept is really quite simple. A blockchain is a type of database. To be able to understand blockchain, it helps to first understand what a database actually is.

A database is a collection of information that is stored electronically on a computer system. Information, or data, in databases is typically structured in table format to allow for easier searching and filtering for specific information. What is the difference between someone using a spreadsheet to store information rather than a database?

Distributed ledger technology

Immutable records


Benefits of blockchain

Operations often waste effort on duplicate record keeping and third-party validations. Record-keeping systems can be vulnerable to fraud and cyberattacks. Limited transparency can slow data verification. And with the arrival of IoT, transaction volumes have exploded. All of this slows business, drains the bottom line — and means we need a better way. Enter blockchain.

How blockchain works ?

  • As each transaction occurs, it is recorded as a “block” of data
  • Transactions are blocked together in an irreversible chain: a blockchain
  • Each block is connected to the ones before and after it

Benefits

  • Greater trust
  • Greater security
  • More efficiencies

Blockchain technology development

Hyperledger

To guarantee a high level of resiliency, flexibility, and scalability in our solutions, our blockchain experts apply the Hyperledger Fabric platform to create enterprise blockchain-based applications with modular architecture.

Ethereum

Due to its popularity, smart contract functionality, and security, Ethereum provides multiple benefits for businesses that are considering blockchain solutions. The advantages include advanced privacy, quick tokenization, low costs, high-speed deployment, and unparalleled performance.

Azure Blockchain Workbench

Amazon Managed Blockchain

Google Cloud Platform