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What is Blockchain?

A blockchain is a digital ledger for maintaining transaction records that is shared amongst a distributed network, hence the moniker distributed ledger technology. The secure and decentralized nature of this data structure benefits any industry in which value or sensitive data is exchanged.

Distributed

A single ledger shared amongst a group of permissioned participants, eliminating the need for reconciliation.

Auditable

The history of all transactions is transparent, open, and verifiable for all participants.

Cryptographically Secure

A cryptographically encrypted ledger that cannot be hacked or altered.

Immutable

All transactions are immutable, meaning they cannot be modified or deleted.

What are the Benefits?

A blockchain is a digital ledger for maintaining transaction records that is shared amongst a distributed network, hence the moniker distributed ledger technology. The secure and decentralized nature of this data structure benefits any industry in which value or sensitive data is exchanged.

Save Time

Blockchain decreases settlement times from days to just seconds, minimizing settlement risks and clearing capital requirements.

Minimize Risk

Blockchain has no central point of failure and minimizes the risk of data fraud and manipulation.

Reduce Cost

Blockchain eliminates cumbersome intermediaries and automates inefficient and costly business processes.

Enable New Business Models

What are Smart Contracts?

A smart contract is a computer program that facilitates, verifies or enforces the terms of an agreement, enabling the predictable execution of business logic via software code.The benefits of smart contracts trusted self-execution are;

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Increased Efficiency

Automation of inefficient and onerous business processes.

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Lower Cost

Reduced reliance on costly intermediaries and human intervention.

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Accuracy

Automated transactions are less prone to manual error.