Why Blockchain?
The first radical technology innovation of the 21st century
Greater transparency and improved traceability
As all network participants share same data, data on a blockchain is more accurate, transparent and consistent.
Technology








As all network participants share same data, data on a blockchain is more accurate, transparent and consistent.
Blockchain is a decentralized, immutable, cryptographically secured digital ledger of transactions where records can not be altered retroactively.
A single digital ledger shared among all participants leads to faster clearing and settlement of transactions.
Tasks performed by multiple parties can be coordinated via smart contracts, via a consensus mechanism followed by all stakeholders.
Blockchain has enormous potential to transform technology, banks and financial institutions, hospitals, companies, and government.
Blockchain traceability assures and verifies sustainability and origin claims associated with products and commodities.
Deploying a blockchain system can lower overhead expenditures by significantly reducing transaction costs.