OUR PRESPECTIVE 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

PROBLEMS

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