Blockchain being the buzzword nowadays, it’s worthwhile to explore whether your business truly needs the use of blockchain technology. We will help you guide through the maze and decide whether it is a useful proposition and help you implement complete blockchain solutions as well as alternate solutions where blockchain is not a fit case to pursue.
Catalysing blockchain for a decentralised world
Servntire Blockchain addresses blockchain and adjacent technologies including shared ledger, distributed ledger and smart contracts. Servntire provides a host of offerings to help in the adoption, integration and realization of blockchain networks. Servntire also brings its strength in other technology areas to complement or combine with blockchain and help amplify its value.
Servntire supports you at every step of blockchain adoption, from Design Thinking-led assessment that evaluates blockchain solutions from multiple dimensions, rapid prototyping, creation of Proof-of-Concepts and pilot development to complete implementation of blockchain solutions. Our pre-built blockchain platform and solutions help accelerate the realization of your blockchain network.
Servntire’ rich experience across a host of industries and domains coupled with strong integration capabilities helps ease the challenges of process and technology inter-operability across the blockchain network, while addressing important aspects such as security & privacy of shared data, consensus management, data exchange standardization and business process re-alignment across network participants.
ENABLE TRUSTED ECOSYSTEMS
ENABLE TRUSTED ECOSYSTEMS
Servntire harnesses the power of blockchain to help you create a network where data is much more accessible and reliable, and transactions among partners on the network are verifiable and traceable, enabling an ecosystem of trust with your suppliers, partners, and customers. Servntire’ industry experience and networks can enable ecosystem connections that help amplify the potential of your network.
What is Blockchain?
Blockchain is a shared, immutable ledger for recording the history of transactions. It fosters a new generation of transactional applications that establish trust, accountability & transparency from contracts to deeds to payments.
Build an Internet of Value with Blockchains
Blockchain, the technology underlying bitcoin, is a distributed ledger that facilitates transactions among participants in a network without a trusted intermediary. Heralded as the most important innovation since the Internet, blockchain has great potential for application not only in financial services but also in a wide range of business contexts where value transactions occur.
Distributed Data Storage
On a blockchain, data is distributed across participants over a peer-to-peer network, and not on a single server. Each node in the network continuously records, time-stamps, and stores transactions chronologically in a blockchain.
Entities in a blockchain can draw up virtual contracts and automate their enforcement through computer protocols. These smart contracts can be applied for transacting any kind of value without the risk of tampering.
In a blockchain-powered network, participants authenticate the accuracy of the ledger and approve transactions through consensus. Consensus is achieved by means of different algorithms, and not by trust.
Proof of Work
Blockchain addresses the risk of tampering through proof of work—a piece of data that is computationally difficult to produce but easy to validate. Proof of work replaces the trust of a central authority with trust by computation.
Public and Private Blockchains
Unlike public blockchains, such as bitcoin, which are accessible to any user, private blockchains restrict access to a few approved users. As private blockchains do not require proof of work for participation, the computational overhead is lower compared to public blockchains and are suitable for internal use by organizations.
frequently asked questions
To jump on to the blockchain bandwagon is fashion but please understand your business well and come up with all problems and pain points to analyze whether blockchain can really solve your problem.
Blockchain can be used extensively across industries. However, the initial success of crypto coins cemented its status as a technology suitable only for the finance industry and as a medium to move funds anonymously.
Blockchain technology can be applied to any industry if it relies heavily on trust, transparency & traceability and even in areas of governance such as management of land records, health records, registration and ownership of vehicles, voting and voter management etc., to name a few.
Bitcoin was the first application and the most popular proponent of blockchain. It is a crypto coin built and run using blockchain technology and be aware, it is not the technology itself.