With the concept of the open laser, Blockchain removes the third-party authentication in transactions. Blockchain-based systems are the most reliable and unbreakable in terms of security. We help businesses manage transactions with the highest security by incorporating Blockchain. We are optimizing cost ensuring data transparency with the latest blockchain technologies.
We have successfully incorporated Blockchain in the logistics industry and tracking systems using distributed and open ledger technologies.Cyber-security
By cryptographically encrypting data within a decentralized cloud storage using Blockchain, chances of hacking or unauthorized changes are minimized.Insurance
Insurance Companies have too much sensitive information which needs to be made invulnerable. Using Blockchain, we can help insurance companies maintain sensitive data within a secured decentralized network, instead of centralized data keeping.
By replacing paper-based record keeping with Blockchain-based decentralized record keeping, problems like bureaucracy, error in records and fraudulent transactions can be reduced significantly.Healthcare
Heath organizations like hospitals need to maintain an excessively large amount of vital data for numerous patients. Maintaining this data in Blockchain systems secures and simplifies individual patient data access.Retail
We can help retail systems maintain transactions between buyers and sellers within a secured decentralized network using Blockchain, without the need of any middlemen.
We have successfully incorporated Blockchain in the logistics industry and tracking systems using distributed and open ledger technologies.Blockchain and Logistics:
In Logistics, Blockchain helps to provide a clearer picture of transactions from individual customers by breaking the system into nodes, thus cryptographically securing transactions.
The GPS tracking system has facilitated tracking of anything at any time from anywhere, from kids going to schools to booked cabs reaching destinations. Our tracking solution provides real-time tracking of vehicles, people and much more. It is extremely vital to make sure that the tracking information is safe and is never in the wrong hands. Here comes the need for Blockchain.
Ethereum: Ethereum is an open-source blockchain protocol which operates on the Ethereum Virtual Machine (EVM) (the decentralized virtual machine). It has the following features - Smart contracts, crowdfunding, crypto-currencies customization, Democratic autonomous organizations (DAOs) creation, Ethash as consensus mechanism, etc
Hyperledger: This is an open-source blockchain platform which supports blockchain-based distributed ledgers. The inception of Hyperledger happened in 2015 by the Linux Foundation. It uses a modular framework having encrypted channels for sharing confidential information. The hyperledger platform has blockchains with self-storage. It uses tools like Hyperledger Caliper, Hyperledger Cello, Hyperledger Composer, Hyperledger Explorer and Hyperledger Quilt.
Smart Contracts: Nick Szabo, coined the term Smart contracts in 1994. The Smart Contract Computer Protocol converts contracts to computer code, which are stored across a decentralized network. It involves two or more parties or digital assess, who enter into an agreement of transaction and deposit assets into smart contracts. There is automated asset redistribution among parties according to a pre-determined formula. Thus, smart Contracts negate the need for third parties.