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.
Reduced risk and enhanced security
Blockchain is a decentralized, immutable, cryptographically secured digital ledger of transactions where records can not be altered retroactively.
Increased efficiency and improved transaction speed
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.
New revenue streams and business models
Blockchain has enormous potential to transform technology, banks and financial institutions, hospitals, companies, and government.
Re-engineering of business processes
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.