The New Technology of Trust

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The New Framework For Business

DECENTRALIZED AND SECURE

A new technology is redefining the way we transact.

Blockchain is not just Bitcoins and cryptocurrencies but a true framework for business applications with the potential to change the way we do business, interact with a counterpart, verify and protect the authenticity of everything from health data to property titles.

Blockchain technology is simple to understand at its roots.
Basically, the tech exists as a shared database filled with entries that must be confirmed and encrypted. It’s helpful to envision it as a strongly encrypted and verified shared Google Document, in which each entry in the sheet depends on a logical relationship to all its predecessors.

Blockchain provides a way to securely and efficiently create a tamper-proof log of sensitive activity.

Blockchain combines the decentralized nature of the internet with the security of cryptography to give everyone a faster, safer way to verify information and establish trust.

BLOCKCHAIN IS …

A Digital Record
A blockchain is a record of transactions, like a traditional ledger.
These transactions can be any data, health records, money transactions, a purchase at a supermarket or any tangible or intangible property currently listed on a ledger. This information can be stored on the ledger along with contractual details of others who are allowed ownership in this property. Smart keys could be used to facilitate access to the permitted party. The ledger stores and allows the exchange of these smart keys once the contract is verified.

Smart
Smart contracts are legally binding programmable digitized contracts entered on the blockchain. Smart contracts are digital which are embedded with an if-this-then-that (IFTTT) code, which gives them self-execution. In real life, an intermediary ensures that all parties follow through on terms. The blockchain not only waives the need for third parties but also ensures that all ledger participants know the contract details and that contractual terms implement automatically once conditions are met.

Secure
Blockchain is designed to store information in a way that makes virtually impossible to add, remove or change data without being detected by other users.

Decentralized
Today, transactions are verified according to a central standard or by a central authority. Blockchain business applications could replace these centralized systems with decentralized ones, where verification comes from the consensus of multiple users.

BLOCKCHAIN APPLICATIONS FOR BIG DATA AND CYBERSECURITY
BLOCKCHAIN APPLICATIONS FOR THE INTERNET OF THINGS (IoT), SUPPLY CHAIN AND HEALTHCARE

Discover How Blockchain can make Your Business More Efficient

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