REIMAGINING THE WAY THE WORLD LOOKS AT DATA TRANSACTIONS - BLOCKCHAIN IS CHANGING THE COMPUTING WORLD, FOR BETTER.
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Satoshi Nakamoto, an acronym, probably, while solving the problem of double-spend in online transactions, would have never thought, that the simple invention is going to change the way the world looks at digital transactions, forever. The concept they built - Bitcoin - and the technology they built it on, an ever-growing chain of blocks, Blockchain, has now grown into something that is changing technology for good.
Blockchain is a decade-old invention still trying to find its footing in this dynamically changing world. However, the world’s first decentralized cryptocurrency comes with many benefits. Cryptocurrency delivers users to wire money across national borders without splurging money or spending too much time. Blockchain technology can be used to streamline all kinds of financial transactions with reduced cost and timeframe by getting rid of intermediaries. Moreover, the money can now be transferred directly to the person securely. As there are different types of blockchain-based currencies, you may find it hard to counterfeit them.
Blockchain is synonymous with transparency. No matter the type of business or governance operations you are trying to conduct, a whole new level of transparency can be achieved. By default, each data-block connects to the blockchain, so, any manipulation of individual blocks would ultimately change all other blocks and alert the parties who are involved in the transaction. Take the matter of recording property rights by using blockchain as an example. The owners can easily trust their deeds to be both credible and permanent as the technology will work as a public record fortress that is nearly impossible to hack.
No one wants their contract to be full of holes that can be altered or taken benefit of easily. Blockchain technology has powered smart contracts that are agreed upon between two parties. The conditions are not that lenient, as they are basically computer codes built into blockchain. They are able to verify or negotiate a contract agreement. Once the pre-agreed conditions have been met, the terms of the agreement are carried out automatically or at less cost without the need of including any third-party mediators. From project management to supply chains as well as logistics, companies can easily utilize blockchain technology to get more efficient connections.
Wouldn’t you want to save time and money on tests that you might not even need without compromising on delivering the best treatment possible? Transferring medical records between healthcare providers can sometimes be slow as there might be some incompatibilities between the providers’ systems. However, when we attach individual records to the blockchain system, we can improve credibility and enhance the accuracy and availability of individual medical histories. In short, it means that now you can own your medical data within a permanent and accessible record.
What do you get out of the amalgamation of trust, security and transparency? A lenient tax collection and compliance. Blockchain not only allows multiple parties to verify every step of the procedure but also radically improves the procedure of tax collection. It will reduce the costs as well. Although considered a heretic idea, the government around the world could start implementing blockchain technology to set up a smart tax system for both companies and citizens.
Grow Your Business With Us Blockchain is changing the way technology is solving problems across domains. On domains
ranging from banking and FinTech to government systems and education, blockchain is creating systems
that have the potential to disrupt the current way of business. This is the biggest thing that hit the
world, since the internet itself.
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The event was attended by influential people in the digital space.
World’s First Social ICO for Responsible Products (Confidential)
Commodity backed Cryptocurrency (Confidential)
Counterfeit Protection
Solution Architecture Problem
An ICO PoC with an underlying product transacted on a socially responsible network
Mixing of social networking and virality with cryptocurrency Not adding a dollar value to good deeds, but a cryptocurrency, which can grow as reach increase
A social networking platform with a unique loyalty and reward program, powered by a cryptocurrency Proof of stake based cryptocurrency creation and interoperability with ERC 20
India / Netherlands
Ethereum, ERC-20, Proof of Stake Consensus Algorithm, E-commerce platform, Mobile App Integration
Commodity backed Cryptocurrency (Confidential)
Cryptocurrency has no asset value associated High fluctuations in the value of cryptocurrencies
A cryptocurrency with the stability and real value of a commodity Clean whitepaper with mining and transaction clarity
Australia
Ethereum, ERC-20, Coin Exchange, Wallet, Mobile App Integration
A global pandemic worth $1.8 Trillion counterfeit goods. 2.5 million jobs lost every year due to unauthorised reproduction and counterfeiting.
A blockchain based counterfeit protection product for physical products. Digital authenticity and provenance, tracked with blockchain. Physical tracking with multiple security features including nCiD/magnetic strips/holograms
Bangalore/Delhi
Public Blockchain, Multichain, Non-cloneable ID
Cost and speed of SWIFT network for international remittances for banks
Smart contracts based near-realtime processing system for a consortium of banks using block chain, and compatible with SWIFT when required.
Distributed, secure, transparent, low cost. No single point of failure.
Dubai/US/Ghana
Private block chain (Multichain), Smart contracts
Largest asset class in the world- Real Estate/Property. Largest source of litigations in the world- Real Estate/Property
A unique identity and assets title mechanism built on blockchain with hashing at both user identity and asset metadata. The result is a transferable, publicly verifiable, peer-to-peer, unforgeable, distributed ledger of real estate chain-of-ownership which is fully compatible with the current property laws.
Bangalore/Delhi
Public blockchain, Hyperledger, hashed asset fingerprint, custom protocol for miners
Some of the enterprises that are using blockchain are Tesla, Amazon, Shopify, IBM, and Gucci.
Based on practicality, the top five blockchains are Ethereum, Tron, Binance, Polygon and Ripple.
At our Web Development Company in Bangalore, we use Solidity and Vyper for blockchain.
Public blockchains are open, decentralized networks where anyone can participate and validate transactions. They are characterized by transparency, immutability, and security, and are often used for applications such as cryptocurrencies. Private blockchains are permissioned networks where only a select group of participants have the authority to validate transactions and maintain the network. They are often used for applications such as supply chain management, digital identity, and interbank transactions.
The utility of blockchain will bring you decentralised databases, enhanced securities to protect your critical data, and greater transparency.
