Blockchain Solutions to Optimise Costs, Security, and Services Delivered for Customers


Blockchain technology can be used by sectors such as banking, government, supply chain, property records, healthcare and education. Any industry that relies on security and reliability of information to confirm authenticity, ownership, or proof of origin in a trade can benefit from the underlying technology of blockchain. At its essence blockchain uses a series of computers to check the validity of record recorded in a series of codes called a hash. Each transaction adds new code to the existing code. This creates a block of code in the right sequence they occurred. Hash codes keep records safe because any discrepancies of code would be need to be validated by a decentralised ledger. Mutual consensus needs to be achieved in the decentralised edger to ensure the record can be approved as authentic.

We have taken away the complexity of how blockchain can be used by working with our joint venture partner: RedFox Labs. Using the open source Komodo platform organisations can benefit from the flexibility and scalability of this blockchain platform to build a solution to enhance their operation, profitability and customer experience.

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