“Blockchain is a ledger with a continuously growing list of records, known as blocks, that are both linked and secured using cryptography. Each block has a hash pointer as a link to a previous block, a time stamp and transaction data. Blockchains are inherently resistant to the modification of data.”
iShack Innovation Consultancy has a team of leading blockchain specialists that are ready to help you build the ideal solution for your business on secure and decentralised blockchain technology. We understand the inherent use cases for blockchain, how it can be applied to your business and how it can potentially secure your systems and processes.
Every record written on the blockchain ledger has a unique key. When the next record is written, everything from the first record, including the key, is put into a formula and you are given a new key for the second record. This assures of the securing of blockchain and makes it suitable for the recording of events, medical records, and other records such as transaction processing documentation.
Want to find out more about iShack Innovation Consultancy’s blockchain consulting and blockchain development? Contact us now and one of our expert business analysts will be in touch.