blockchain

The Home of Blockchain Technology.

The blockchain is a chain of blocks where each block contains data of value without any central supervision. It is cryptographically secure and immutable. It is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. Consider it a Database system.

How does this technology work?

Information held on a blockchain exists as a shared and continually reconciled database. This is a way of using the network that has obvious benefits. The blockchain database isn’t stored in any single location, meaning the records it keeps are truly public and easily verifiable. No centralized version of this information exists for a hacker to corrupt. Hosted by millions of computers simultaneously, its data is accessible to anyone on the internet. The blockchain cannot be controlled by any single entity, it is transparent and incorruptible and it has no single point of failure.
“As revolutionary as it sounds, Blockchain truly is a mechanism to bring everyone to the highest degree of accountability. No more missed transactions, human or machine errors, or even an exchange that was not done with the consent of the parties involved. Above anything else, the most critical area where Blockchain helps is to guarantee the validity of a transaction by recording it not only on a main register but a connected distributed system of registers, all of which are connected through a secure validation mechanism.”
–Ian khan

Blockchain Applications

Some Applications that can be built on the blockchain

responsive
Web Applications

All web applications can be driven on the blockchain. E-commerce websites, Video Streaming sites, etc, enabling businesses make more money.

retina
Voting systems

Electoral Voting systems can be built on the blockchain network, without being hacked or tampered with.

performance
Smart Contract

With smart contracts, agreements can be automatically validated, signed and enforced through a blockchain construct, eliminating the need for mediators.

flag
Exchange Platforms

We can build Exchange platforms for crypto Trading (Trading with bitcoin, ethereum, Litecoin etc).

resptickonsive
IPFS Based Systems

Interplanatory File Systems - A peer-to-peer hypermedia protocol to make the web faster, safer, and more open.

tools
Crypto Wallets

We build Mobile and Web based decentralized Crypto wallets for any cryptocurrency of your choice.

Industry application of the Blockchain

Some Industrial Applications of Blockchain

Supply chain management.

For supply chain management, the blockchain technology offers the benefits of traceability and cost-effectiveness. Put simply, a blockchain can be used to track the movement of goods, their origin, quantity and so forth. This brings about a new level of transparency to B2B ecosystems -- simplifying processes such as ownership transfer, production process assurance and payments.

Governance

Just like in supply chain management, the promise of blockchain in the aspect of voting all boils down to trust. Currently, opportunities pertaining to government elections are being pursued. One example is the initiative of the government of Moscow to test the effectiveness of blockchains in local elections, doing so will significantly diminish the likelihood of electoral fraud, which is a huge issue despite the prevalence of electronic voting systems. Another example is when NASDAQ leveraged blockchain technology to facilitate shareholder voting.

Energy Supply

There are two types of businesses -- those that shrug off monthly utility bills and those who scratch their heads, wondering where their energy expenditures are coming from. In certain parts of the globe, commercial establishments and households can now take advantage of blockchain-enabled “transactive grids” for sustainable energy solutions that accurately track usage. A couple of examples would be Powerpeers in Netherlands and Exergy in Brooklyn. Blockchain can also be used to improve the tracking of clean energy. After all, once power is sent to the grid, no one can really discern if it’s generated by fossil fuels, solar energy or wind. Traditionally, renewable energy is tracked through tradable certificates that are issued by the government. These certificates are, to put it bluntly, terrible in serving their purpose -- something that blockchain would have no trouble handling.

Stock Exchange

The notion of using blockchain technology for securities and commodities trading has been around for a while. Given the open-yet-reliable nature of blockchain systems, it isn’t surprising to hear that stock exchanges now consider it as the next big leap forward. In fact, Australia’s stock exchange is already dead set on switching to a blockchain-powered-system for their operations, which is designed by the blockchain startup Digital Asset Holdings. In a press release published in December 2017, Blythe Masters, CEO of Digital Asset, said, “after so much hype surrounding distributed ledger technology, today’s announcement delivers the first meaningful proof that the technology can live up to its potential.”

Accounting

Recording transactions through blockchain virtually eliminates human error and protects the data from possible tampering. Keep in mind that records are verified every single time they are passed on from one blockchain node to the next. In addition to the guaranteed accuracy of your records, such a process will also leave a highly traceable audit trail. Of course, the entire accounting process also becomes more efficient on a foundational level. Rather than maintaining separate records, businesses can only keep a single, joint register. The integrity of a company’s financial information is also guaranteed.

Quality assurance

If an irregularity is detected somewhere along the supply chain, a blockchain system can lead you all the way to its point of origin. This makes it easier for businesses to carry out investigations and execute the necessary actions. A use-case for this is in the food sector, where tracking the origination, batch information and other important details are crucial for quality assurance and safety.

Smart Contracts

Time-consuming contractual transactions can bottleneck the growth of a business, especially for enterprises that process a torrent of communications on a consistent basis. With smart contracts, agreements can be automatically validated, signed and enforced through a blockchain construct. This eliminates the need for mediators and therefore saves the company time and money.

Peer-to-peer global transactions

Finally, the meteoric rise of Bitcoin and every other cryptocurrency in the market isn’t without merit. For one, it enabled the fast, secure and cheap transfer of funds across the globe. While there’s already a slew of services like PayPal that process international payments, they usually require sizable fees per transaction. Other P2P payment services also have specific limitations, such as location restrictions and minimum transfer amounts. That’s why more businesses, as well as regular users, are beginning to prefer cryptocurrency for international transfers.

Check out some Screenshots