Vision

• A decentralized system of financial transactions is inevitable
• The opportunity to participate in this innovative transaction system is within your immediate future

The blockchain is also often referred to as a distributed ledger. It is a secured and distributed chain of blocks of information. Each block is secured with a consensus mechanism.

The blockchain can be described as a systematic distribution ledger that is secured and distributed through a network of chain of blocks of information. Each block is secured with a consensus mechanism of an approval data network.

Each block and subsequent transactions contains a set of secured hashes of valid transactions that are encoded into the Merkle tree cryptologic leaf node system. Each block also contains the hash of the previous block in the blockchain. This is why it is called a block-chain. This computational iteration ensures the integrity of the previous block; ultimately linking it to the genesis block of the chain.

The current most common existing blockchain is the Bitcoin Blockchain. The most important characteristic of the Bitcoin blockchain is that it doesn’t require a third party trust. Each block is authenticated by a consensus algorithm also known as proof-of-work (POW). As a result, the POW safeguards the chain against infeasible tampering.

By design, Blockchain algorithms are resistant to approved data modifications and consensus approved POW’s . It is generally based on a peer-to-peer network which uses a collective algorithm to validate new and approved blocks. Modification of an already written block requires consensus by the majority of the network and all subsequent blocks need to be rewritten within the approved, consensus algorithm POW.

While there exists various protocols of Blockchains, there are two essential types: public (permissionless) or private (permissioned). What is characteristic of all Blockchains is the element of being based on peer-to-peer access and control.

Blockchain technology has multiple and practical uses to include the ability to store data regarding property exchanges, stops and movements in a supply chain, and other practical financial exchange applications.

In the proper circumstances the blockchain system and the data are highly resistant to technical errors and external attacks.

The system is decentralized, has low commission and operating costs. This eliminates the need for intermediaries and third parties.

The existence of Bitcoin as a decentralized digital currency is made possible by the blockchain. Big and small companies are increasingly taking advantage of this technology; As a result, the  Bitcoin decentralized digital currency is becoming more and more efficient and common in various business sectors and fields of application.

Payments and money transfer: payments are made directly to the blockchain system with no intermediaries resulting in little or no transaction fees and faster transaction speed.

The payment and finance sector is without doubt the flagship sector in which the blockchain is mostly used. In 2009 Bitcoin was born to allow direct and “trustless” payment network systems with the absence of a centralized body. Since its development, a plethora of projects have been born leading to exponential development in this effective and efficient transaction system of payments and transfers.

Cybersecurity and risk Management: data transfers are verified and sent using advanced encryption techniques. There is no possibility to interfere with data before it reaches the recipient

Retail and fidelity programs: the blockchain is an efficient way to manage retail and fidelity programs. It tends indeed to make these systems cheaper and more secure. It reduces the number of intermediaries required for the cards emission and for the sales operations. The ability to  participate in a gift card buy and sell process is made more efficient and convenient. Fraud attempts are less frequent because a blockchain approach requires a trusted automated user authentication.

Management and finance: banks and the financial world are major investors in the blockchain because it is developed upon the process of a decentralized ledger, generated by a safe and unbreakable system resulting in lower administrative fees. 

“DeFi” or Decentralized Finance is ready to explode thanks to projects that are taking the financial world into decentralized blockchains making this environment extremely attractive to potential participants in the system. Today it is possible to deposit an amount on lending platforms gaining interest or applying for loans paying reduced interest rates, all without having to trust intermediaries or centralized third parties. The DeFi system is made possible because the amount of a given transaction is blocked inside smart contracts in the code which are “auditable” by everyone participating in the network.

ERP integration: Integrated Blockchain related to ERP systems brings advantages in the identity verification of the customers and the employees protecting sensitive data and  safeguarding personally identifiable information (PII).  ERB facilitates a simplified, faster, and efficient contractual agreements and B2B transactions between clients when needed.

Documents management and smart contracts notarization: Inherit to the process of ERP Data integration the integrity, immutability, and no need for intermediaries that behave as a trustee. This mechanism of ERP is the result of a hash value, identificator obtained via a cryptographic process which has the same unique characteristics of a fingerprint.