Blockchain technology and distributed ledgers can streamline operational efficiencies and create platforms for business model innovation.
As a part of our custom designed digital transformation programs, we can help you define your business problem and build a solution with a variety of blockchain, distributed ledger, or emerging technology stacks that will shape your operational efficiencies and open your organization up to new business model innovations.
Blockchain Technology and Distributed Ledgers
A fully private blockchain, or a distributed ledger technology application, is where write permissions are kept centralized to one organization. Read permissions may be public or restricted to an arbitrary extent.
Applications that include database management, auditing, settlement, time-stamping etc internal to a single company.
This internal system is where access permissions are more tightly controlled, with rights to modify or even read the blockchain state is restricted to a few users, while still maintaining many kinds of partial guarantees of authenticity and decentralization that blockchain technology is best suited to provide.
The fundamental value of a blockchain or distributed ledger in a fully private context is cryptographic authentication and zero knowledge proof technology, which provides a much broader array of exciting possibilities about the kinds of cryptographic assurances that these applications financial institutions and governments.
Contact us to learn more