Blockchain is Collection of technologies that enables a distributed ledger technology (DLT) platform without a central authority. It helps in resolving the trust gap for parties in transactions that do not fully trust each other.Key Features
The most significant advantage of Blockchain's distributed ledger is reduced operational costs. By eliminating the middleman, or data gatekeeper, Blockchain allows companies to quickly and easily trace products and transactions all the way back to their roots. DLT based enterprise applications can be used in multiple areas, including government and business dealings, in addition to financial transactions. Experts believe digital ledgers can be used in tax collection, property deed transfers, social benefits distribution and even voting procedures. DLT can be used to process and execute legal documents and other similar exchanges. Individuals can use this technology to hold and better control personal information, and then selectively share pieces of those records when needed; use cases here include individual medical records and corporate supply chains. Digital ledgers can help better track intellectual property rights and ownership for art, commodities, music, film and more.
AltaFuturis team would carefully understand needs and objectives from client for Blockchain solution development before starting the project. Essentially for all Blockchain/ DLT solution projects AltaFuturis team would like to go through following aspects.
AltaFuturis has developed lean and efficient lifecycle for Blockchain solutions projects considering evolving technology and rapid changes in the Blockchain market.