Blockchain
A bit of background:
​
Blockchain is a new type of database. These databases are distributed across various computers acting as a decentralised ledger on a Peer to Peer Network.
​
One of the main differences with Blockchain is trust.
​
Most databases accept that when a record is updated, there is no reason not to accept the update and so does.
​
Blockchain requires that every record most be verified as the truth before it can updated.
Benefits of Blockchain include:
​
​
-
Use of Smart Contracts to replace hard to enforce Legal Contracts.
-
Increased security
-
No need for trust
-
High Availability due to decentralisation
-
Faster Dealings and Cost Savings
-
Verifiable and Auditable
​
​
If Blockchain is something you are considering for your business, please get in touch using the Contact Us form.
​
