-
Service Level Agreements
-
Cyber Security
-
Cloud Solutions
-
Service Desk
-
Managed Services
Blockchain and DLT are sometimes used interchangeably, even though they’re not the same thing. Although blockchain has been infiltrating the headlines due to the success of Bitcoin and other cryptocurrencies, DLT hasn’t received so much limelight as yet.
A distributed ledger is a shared database with no central reference point and which allows transactions to be processed and authenticated without any need of an authoritative third party. Blockchain is just one type of distributed ledger, which consists of a sequence of blocks connected through cryptography. On the other hand, DLT doesn’t require a chain of transactions or a data structure as it’s simply a database. So while all blockchains are distributed ledgers, not all distributed ledgers are blockchains.
How we can help your business
Innovate can deliver secure decentralised solutions and integrate blockchain-based models into existing software systems. The technologies we provide are suitable for a range of domains, other than cryptocurrency. Financial and healthcare institutions, real estate companies, supply chains and many more industries can benefit from distributed ledger technologies. Our engineers are constantly exploring options, generating prototypes and developing distinct blockchain solutions for a range of domains in an endeavour to offer more security, integrity, immutability and compliance, together with the option to record actions and monitor all data and assets.
Each transaction, regardless of how simple or complex it may be, can be automated through contract software which is implemented in systems having a distributed ledger technology. Since no third-party intervention is required, all business processes will be digitalised, with all transactions being traceable and immutable.
Once the transaction is validated, the record is permanent, secure and immutable.
Code running on top of a blockchain that contains a set of rules under which the parties mutually agree — eliminates the need for third parties.
Owner of the transaction has the power to move anything of value freely and instantly without intermediaries.
Eliminates or reduces paper processes, need for intermediaries, speeds up transaction times and increases efficiencies and transparency.
Replaced by transparency.
New business models, ways of working and models of trust.
Reimagined business models reduce/eliminate friction.
Safer, improved ecosystems.
enhanced features