What is Blockchain?
Blockchain is a distributed ledger technology with a set of rules and protocols that define how transactions on the ledger are to be done. This software is processed through a peer to peer network where each transaction or node has to be validated through multiple keys across a wide user network, making it more secure than information stored on a centralised system. This transactional technology has a number of use cases and applications for enterprises that streamline processes, improve security and reduce operating costs.
There are three levels of the blockchain stack
Jade Eli Technologies works at both the Protocol layer and the Application layer.
Jade Eli Technologies is developing the capability to establish Enterprise Blockchain solutions, which operates on a private network, with only already trusted parties having access to the keys. This speeds up processing time significantly, and requires less power and energy to operate than public blockchains and maintains the data privacy and security enterprises require.
Currently Jade Eli Technologies has commenced work on a public permissioned Blockchain application for streamlining supply chain of fresh food production and delivery and improving food security globally.
What are just a few of the Blockchain use cases for Enterprises?
- Tracking journeys and stops, paired with IoT to create an immutable ledger of trips
- Background checks
- Verification of identity and employment history
- Payment and benefits process validation via smart contracts
|Banking, Financial and Fintech||
|Medical & Healthcare||
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