A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).
This means if one block in one chain was changed, it would be immediately apparent it had been tampered with. If hackers wanted to corrupt a blockchain system, they would have to change every block in the chain, across all of the distributed versions of the chain. Our blockchain management service comprises of the following solutions:
- Use case development (NFTs, tracking, cross-border payments, supply chain and logistics monitoring).
- Distributed ledger development (using ERC20 protocol).
- Developed network nodes for the shared and distributed ledger technology.
- Blockchain cyber security development and administration.
As blockchain technology is relatively new and highly technical outside IT developers and technicians are required for such projects. As costs can be very high for development, please contact us for more enquiries in regards to blockchain development and management.