OUR PERSPECTIVE ON BLOCKCHAIN
Blockchain is a self-sustaining, peer-to-peer database technology for managing and recording transactions with no intermediaries involvement.Because blockchain verification is handled through algorithms and consensus among multiple computers, the system is presumed immune to tampering, fraud, or political control.It is designed to protect against domination of the network by any single computer or group of computers
Participants are relatively anonymous, identified only by pseudonyms, and every transaction can be relied upon.Moreover, because every core transaction is processed just once, in one shared electronic ledger, blockchain reduces the redundancy and delays that exist in today’s system
KEY TENETS OF BLOCKCHAIN
Distributed
Trust based Disintermediate network
Transparent
Real time access, Cryptographically Secured
Consensus
Digitally signed and unilateral execution of Smart Contracts
Immutable
Prevents fraud and repudiation
Provenance
Higher regulatory compliance
The opportunity areas you have
Opportunity areas
Centralization
Individuals, enterprises depend upon third party people to process transactions in the digital and physical world leading to dependence upon certain individuals and group
Security
All networks are interconnected to each other in a centralised system and failure in any single path could have implications all across the company/ region
Rights
Troubles for enforcement of intellectual property rights and such situation warrants the usage of smart contract
OUR SOLUTIONS
Better Control
Democratization of control by moving away from a single administrative center to consensus based authorization from the network of all parties involved in the transaction.
Transparency
Blockchain network lives in a state of consensus and to alter any network it would require huge amount of computing power.
Sharing Economy
Blockchain technology enables peer to peer payments which opens up numerous opportunities for direct interaction
BLOCKCHAIN SOLUTION ARCHITECTURE
CASE STUDIES
Ready Policy
ReadyPolicy helps reduce administrative costs through automated verification of claims/payments data from third parties. Now, insurance companies can quickly view past claims transactions registered on blockchain for easy reference. ReadyPolicy builds trust & transparency for insurance providers through verifiable transactions that increase visibility.
Certificate Attestation & Management
Certificates issued are immutable with verifier credential & timestamp which provides answer for right identity of the documents. Our Product provides seemless process & ensuring availability of government officials for making candidates journey simple and hassle free.
Smart Labour Safety Training
Rapidqube developed the application as a high-level training centre established as a collaboration between two government entities, to serve the various sectors for a Government in the Middle East, providing specialized training programs in the prevention and safety of workers within the private and public sectors. The application includes workers registry, booking, courses and training for workers about safety.
Student Certificate Verification System
Student Certificate Verification System - The Application has been built as a Students certificate verification system by mapping citizens confidential data along with their academic certificates. Securely storing candidates e-Sevai certificates and data to the blockchain and securely storing candidate data required for the verification from e-Sevai to the blockchain so it can be used for the document verification process.
Electronic Health Record
Blockchain’s open access would enable changes to an individual’s EMR (new imaging, procedures, labs) to be updated in real time on an EMR blockchain and instantly available to parties involved in an individual’s care (health care providers, pharmacies, insurance companies, the patient’s family). Secured system on blockchain eliminates faxes and paper work efficiently.
Advanced Directive
Empowers patients to take control of their medical care by providing directives to physicians in advance. Patient's data is distributed across the permissioned blockchain network for easier access and sharing.
Supplychain Management On Blockchain
Innovative technology helps resolve these issues by providing vital business information across the network, improving real-time data analysis, and enabling better collaboration across departments and companies. Our Product built using the combination of IoT, AI & Blockchain helps you to track, trace, analyze and monitor your goods and supplies throughout the supply chain network.