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Blockchain

Blockchain

Blockchain is a distributed database that is shared between nodes of a computer network with a separate difference from standard databases on how data is structured. This means that there is no central authority governing the network. Instead, decision-making power is dispersed among a network of nodes that collaborate with each other to validate and approve transactions that are added to the blockchain, ensuring no single entity has control over the entire network. This decentralized approach enhances transparency, trust, and security, while also mitigating the risk of relying on a single point of failure and reducing the likelihood of data tampering. Consensus mechanisms are a key element of this technology and are used to agree on the validity of transactions. Common mechanisms include Proof of Work (used in Bitcoin) and Proof of Stake (used in Ethereum). These mechanisms ensure that only valid transactions are added to the blockchain. Smart contracts (self-executing contracts) also are included and consist of terms directly written into code and must be satisfied for validating any transaction. Our expertise will help you apply this new approach and lead your own firm to the 4th industrial revolution. As a leading company in Blockchain applications, we have high-profile scientific partners across the blockchain ecosystem. Our goal? To have at your disposal and vision the appropriate combination of scientific and technical capabilities and abilities.
Blockchain

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