Decentralized Systems Development Services

Innovation Through Decentralization

• Blockchain is powerfully more secure than traditional databases because it removes middlemen like banks, businesses and governments from the safety equation, replacing them with distributed nodes—computers in a blockchain network. Each node hosts its own copy of the blockchain database so it can participate in the blockchain peer-to-peer network.
• Blockchain is the first technology combining peer-to-peer networks, public-key encryption and distributed consensus to reduce uncertainty, increase trust and validate data with extremely high certainty. Bonus: all this goodness extends to apps developed on the blockchain.
• Look at Bitcoin (which is built on blockchain) for an example: every time there’s a transaction, the blockchain network asks multiple computers (nodes) to approve transactions based upon their local blockchain. In order for the transaction to be approved, 51% of nodes have to be in agreement. The process is beautifully democratic, determining what is true by consensus rather than a decision from one central authority.
• It’s understandable that many blockchain discussions feature Bitcoin, but it’s just the tip of the iceberg for blockchain applications. Nearly any form of digital information can be stored in a blockchain, and almost any digital asset can be exchanged with a blockchain-based smart contract.
• Because of this, blockchain is a powerful disruptor across some of the world’s largest industries.