Blockchain: Data Security solution for every Industry

  1. Digital ledger: Copies of all the information are shared with all the members. Participants validate information independently without any central authority. Any error by one member at one node does affect the other nodes in the network.
  2. Digital platform: Completely digitized framework eliminates the need for manual paperwork which is susceptible to errors and damages.
  3. Chronology: Information about every transaction is stored in blocks and each block is connected in a chronological chain. Thus, the system of records is maintained with a time-stamp.
  4. Cryptographic security: The blocks are cryptographically sealed, making them resistant to edit, delete, and copy actions, creating a high level of trusted business network.
  5. Consensus–based: Any transaction requires unanimous approval of all the parties of the network. This makes Blockchain a very transparent framework.
  • The governance model of the organization
  • The data for each block
  • Relevant regulatory requirements and methods to meet them
  • Identity and keys management
  • Disaster recovery plan
  • Minimal security posture for the participants
  • Mechanism to resolve block collisions in Blockchain

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