FAQ
What is Enterprise Blockchain?
Enterprise blockchain is similar to private blockchain that is run by a single organization to deliver decentralized solutions equipped with security, traceability and transparency.
How is Blockchain used in business?
Blockchain offers a new way of storing data in a well-protected form. The blockchain technology enables numerous entities to have access to the same, updated data under one single rooftop, where the information is decentralized meaning no middleman is required.
Can a separate Blochkchain be created for businesses?
Sure. Despite the public blockchain being open-source, it’s not reliable for storing sensitive data of an organization. Private blockchain is well-suited in terms of confidentiality and transaction speed for operating locally within a limited network of users.
How secure is your enterprise blockchain solution?
Our solution is completely tamperproof embedded with the set of features that make it extremely difficult for hackers to infiltrate.
How can I identify the best blockchain for my business?
As soon as you approach us the choosing of the best blockchain for you becomes our top concern. We take a deep dive into your company’s profile, comprehend your needs and suggest the most appropriate solution to guarantee business growth in the long run.
Is it possible to customize your solution?
All of our solutions are available in end to end customizability. Do not hesitate to ask for any modifications and additional features you want to implement.
What are the spheres of blockchain implementation?
Blockchain is a quite multifaceted technology and is implemented in a variety of industries. Some of them are:
– Cryptocurrency exchange;
– Supply chains;
– Voting;
– NFT marketplaces;
– Gaming;
– Real estate;
– Medical data security and sharing
– Cross-border payments;
etc.
What types of Blockchain are there?
Public, private and hybrid are the major types of blockchain. Public blockchain is considered to be the most common type being open for each network’s participant, it is deprived of central power and restrictions. Private blockchain functions in a limited environment and the centralized authority defines who can enter the network and what manipulations can he perform. Hybrid type is a mix of the two mentioned above, the transactions are not made public here, but could be verified utilizing smart contracts if needed, the third party is able to access the network but with the limitations to certain information.
