Blockchain

Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. It is widely considered the most disruptive invention since the Internet itself.

Advantages of adopting Blockchain Technology

  • Increased transparency of transactions to all parties involved
  • Reduced end to end service duration
  • Tamperproof and safe record of all transactions
  • Eliminating cumbersome back office processes

 

Applications of Blockchain Technology

The Blockchain Technology can be brought to use in a wide range of financial and non-financial applications serving diverse purposes in each industry. Some such applications are

Smart Contracts

Distributed ledgers enable the coding of simple contracts that will execute when specific conditions are met

Identity Management

Blockchain Technology offers enhanced methods for proving who you are, along with the possibility to digitize personal documents. Having a secure identity will also be important for online interactions

File Storage

Decentralizing file storage on the internet brings clear benefits. Distributing data throughout the network projects files from getting hacked or lost

Supply chain auditing

Distributed Ledgers provide an easy way to certify that the backstories of the things we buy are genuine. Transparency comes with blockchain-based timestamping of a date and location

Land title registration

As publicly accessible data, blockchains can make all kinds of record keeping more efficient. Property titles are a case in point. They tend to be susceptible to fraud, as well as costly and labor intensive to administer

Crowd funding

Blockchains take this interest to next level, potentially creating crowd sourced venture capital funds

Internet of Things

Smart contracts make the automation of remote systems management possible. A combination of software, sensors, and the network facilitates an exchange of data between objects and mechanisms

Stock trading

When executed peer-to-peer, trade confirmations become almost instantaneous. This means intermediaries such as the clearing house, auditors and custodians – get removed from the process

The sharing economy

By enabling peer-to-peer payments, the blockchain opens the door to direct interaction between parties- a truly decentralized sharing economy results

Why WinningEdge?

With established excellence in the field of application & Cloud Integration, API Security & Management, BPM and digital integration, our additional capabilities in the Ethereum & Hyperledger platform can support enterprises adopt this new technology and achieve superior results. We offer

a) Integration

  • Blockchain Architecture
  • Use case identification
  • Revamping Business Models

b) Functioning support

  • Integration with legacy systems
  • Performance testing and scalability
  • Data Security

c) Research activities

  • Blockchain Technology Research
  • PoC and Pilot Projects

 

As a partner with TIBCO, APPIAN & AXWAY, we are uniquely-qualified to leverage on emerging integration technologies and provide best offerings with blockchain as a service.