Over recent decades digital transformation has undoubtedly boomed to put it mildly, however, there is one factor that has not changed and continues to be fundamental to business: this factor is trust. The beauty of Blockchain is that it ensures this trust among parties.
Blockchain technology is an open, distributed ledger that can efficiently record transactions between two parties. The records are verifiable and permanent, providing trust to all business parties using ‘smart contracts’ to ensure terms are fulfilled as stipulated. AuraPortal provides everything you need to work with all blockchain technology, whether it be open, private or a consortium (semi-private).
A significant number of computers working together increase the capacity of the whole network.
The information on the network is hashed cryptographically, hiding the true nature of the data.
This technology cannot be corrupted, it will remain as it is: a permanent, unalterable network.
It offers a faster settlement compared to traditional banking systems. A user can transfer money faster, saving a lot of time.
As the system doesn’t require any governing authority, we can directly access it from the web and store our assets there.
Every blockchain has a consensus, a decision-making process for the group of nodes active on the network.
Azure Blockchain simplifies Blockchain application development.
AuraPortal is ledger-agnostic, connecting your AuraPortal platform to the ledger of your choice: Ethereum, Corda, Hyperledger or other.
We work with Azure Blockchain, which offers a range of topologies (from single node to multi-node multi-region networks for more complex consortiums).
In addition to connecting the Blockchain application to your AuraPortal platform, we also connect it to the other enterprise applications used in your company.
AuraPortal provides connectors to existing blockchain platforms made for business across all industries. We simplify the adoption of blockchain for your business process automation.
Consortium blockchains differ to public blockchains in that they are permissioned. These consortia are formed by a group of companies collaborating together to leverage blockchain technology for improved business processes.
AuraPortal offers connections to the most popular ‘business-focused’ and ‘technology-focused’ blockchain consortia:
Financial services, retail and industrial supply chain have all started to pay close attention to blockchain technology, but it has a far broader array of uses in healthcare, government, energy, and other sectors. All these situations have some common characteristics: they involve the transfer of an asset in some form and there’s an element of audit or reconciliation that usually causes pain points which can be relieved by blockchain.
Real-time auction for supplier contracts
Supply chain transparency
Dynamic commodities pricing
Post trade settlement
Licensing and ID