A Blockchain is a secure, decentralised, digital ledger which ensures safe, verified and streamlined digital transactions between parties across the globe.
Current uses include the creation of permanent, public, transparent ledger systems for data compilation, authenticating copyright registrations, tracking high value parts through moving supply chains, tracking digital copyright material, and verifying payments to content creators such as musicians and artists. As a decentralized ledger, it cuts the costs involved in verifying transactions by allowing users to transact directly with one another without having to involved a potentially untrustworthy third party - such as an overseas bank. Transactions are audited and verified quickly, securely and inexpensively, without friction.
New blockchain-inspired systems and blockchain ledger technology will be essential to future growth, allowing users to use a host of smart, cost-effective, automated banking, and personal information Apps with verifiable and computable transactions and positively transforming business operating models, long term.
In terms of security, durability and robustness, a decentralised and distributed blockchain cannot be controlled by a single entity and therefore has no single point of failure.
The use of the blockchain allows digital information to be transferred and distributed but not copied. It confirms that each unit of digital currency is spent only once and each item or contract is registered uniquely, negating the possibility of duplication or double-spending.
Blockchain technology allows processes to become automated, legally binding and self-enforcing at the same time. By embedding data in a decentralised network, it is made available, transparent, incorruptible, and the risks that come with storing data centrally are eliminated.
Blockchain is the technology powering Bitcoin. As BitCoin grew to transfer millions of dollars safely each day and was proven to work over several years at the global scale it's value has risen to over $1000 per Bitcoin
By allowing for highly secure P2P networks with no single point of failure, blockchain data can be transacted more QUICKLY and without the need for intermediaries, thereby reducing the COST, complexity and RISK of cross-enterprise business processes.
Razormind Blockchain Services
Our standard blockchain-related services include:
training for staff and management
Custom services are available on request; please contact the Professional Services team so we can help you.
Razormind’s Core Professional Services team personally deliver training to clients, ensuring that their professional experience in shaping, developing and deploying new platforms such as blockchain, big data, or business analytics is shared with clients.
Please contact our Professional Services team directly to discuss your specific training needs.
The real world is a little more complex than brochures might suggest. Razormind workshops help our clients develop use cases and solutions which are proven effective, reliable and cost effective.
We work alongside our clients in the following areas:
PILOT PROJECT DEVELOPMENT
We can discuss the development of proof of concept either in-house for you or here at Razormind.
THE EXPLORATION OF BUSINESS USE CASES
- Delve into the real world scenarios for blockchain technology and its applications
- Business Overview
- Use case analysis and prioritisation
- Estimation and project planning.
SMART CONTRACTS FOR SMART CITIES
Smart Citizens – human vs capital-centred design, technology for the commons, decentralised architecture and mesh networking, open data & democratised access. Smart
Governance – Data-driven policies and algorithmic governance, ethical design and moral choice, trust-less systems for trusted infrastructure, building and digitising transactional and democratic frameworks.
BLOCKCHAIN AND ITS APPLICATIONS
State of the art of distributed ledger technologies, including scalability, emerging consensus mechanisms, and more.