Blockchain And Distributed Ledger Technologies
Blockchain And Distributed Ledger Technologies
About The Blockchain
Blockchain seems complicated, and it definitely can be, but its core concept is quite simple. A blockchain is a particular type of database. One key difference between a typical database and a blockchain is the way the data is structured.
A blockchain collects information together in groups, also known as blocks, that hold sets of information. Blocks have specific storage capacities and, when filled, are chained onto the previously filled block, forming a chain of data known as the “blockchain.” All new information that follows that freshly added block is compiled into a newly formed block that will then also be added to the chain once filled.
In a blockchain, each node has a full record of the data. That data has been stored on the blockchain since its inception.
The storing mechanism of the blockchain can be centralized into a single server or decentralized into multiple servers.
Our Expertise of Blockchain And DLT
We have developed leading blockchain solutions since 2013. We started building services for investing in cryptocurrencies.
Recently we have used blockchain and Decentralized Ledger Technologies (DLT) in several non-cryptocurrency cases, utilizing the Hyperledger blockchain framework.
Our team has several seasoned blockchain developers and strategic consultants, who help our corporate and public sector clients in navigating this growing, but challenging industry.
Blockchain and DLT can be utilized in many industries.
Asset Management
The management of tangible, intangible, and complex assets is rapidly becoming more efficient with the integration of blockchain technology.
Energy And Sustainability
Enterprise-grade blockchain solutions can significantly increase process efficiencies and reduce costs associated with oil and gas operations and distribution.
Healthcare
Blockchain-based healthcare solutions will enable faster, more efficient, and more secure medical data management and medical supply tracking.
Some of Our Blockchain References
Blockchain
Blockchain technology, which allows the storage of transactional data in an cryptographically immutable decentralized ledger, was introduced in 2008.
Smart Contracts
Smart contracts, which allow the automatic execution of legally relevant agreements, were introduced in 2015.
Digital Tokens
More recently, blockchain has been used in the tokenization of both digital and physical assets into application-specific- crypto assets, aka. tokens, ranging from game items and art to real estate and gold.
How About Creating Some New Service?
Blockchain is a technology with an extensive set of potential uses. Although blockchain is most famous for its connections to the blossoming cryptocurrency world, several other applications have already been explored. Perhaps even more exciting, though, is that new ways of utilizing blockchain emerge every day.
Would you like to know more about blockchain and dynamic ledger technologies? Contact us, and let’s innovate together!
Rami Korhonen
CEO
+358 40 730 7813
rami.korhonen@oivan.com