Our Blockchain Platform
“All the TradeReboot modules work together to provide all the services and functionality you need to carry out your trading operations. The core value of the blockchain platform is to unleash collaboration. Our methodology and blockchain experts takes the real world needs of buyers and their supply chains and provide control and monitoring in all aspects of the trade. The platform also provides Trade finance across all partners.”
A Blockchain is, in the simplest of terms, a time-stamped series of immutable record of data that is managed by cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) are secured and bound to each other using cryptographic principles (i.e. chain).
The reason why the Blockchain has gained so much admiration is that:
- It is not owned by a single entity, hence it is decentralized
- The data is cryptographically stored inside
- The blockchain is immutable, so no one can tamper with the data that is inside the blockchain
- The blockchain is transparent so one can track the data if they want to.
The Three Pillars of Blockchain Technology
Blockchain Technology has gained so much admiration because of its three main properties of:
Blockchain Technology is a centralized entity which stores all the data and needs to interact solely with this entity to get whatever information is required.
In this technology privacy and transparency can effectively coexist. In a blockchain, the identity of a user is concealed behind powerful cryptography— meaning that linking public addresses to individual users is particularly difficult to achieve. The transparency of a blockchain stems from the fact that the holdings and transactions of each public address are open to viewing.
In the context of the blockchain, it means that once something has been entered into the blockchain, it cannot be tampered with.
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