Blockchain for Business in Dubai — a solution for integrating blockchain technologies into business IT infrastructure
Benefits of blockchain technology
Decentralization
Immutability
Safety
Velocity
Cost reduction
Confidence
ITGLOBAL.COM Competencies
Years of experience in IT management
Extensive experience in PoS validation of blockchain networks
Everscale network governance members
Own ecosystem of projects
Challenges that blockchain can solve
Private blockchain
NFT
Public blockchain networks
Project Stages
01 |
Counseling |
02 |
Adapting your business objectives to public blockchain networks |
03 |
Turnkey delivery of private blockchain networks |
Blockchain for business.
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What is blockchain?
Unlike traditional centralized systems where data is controlled by a single authority, blockchain allows a distributed network of participants to collectively maintain and verify information.
How does blockchain work?
In a blockchain network, there is no central authority or intermediary. Instead, nodes store copies of the entire blockchain. This decentralized architecture provides transparency, immutability, and resilience to single points of failure
Transactions are grouped into blocks, which are then sequentially added to the blockchain. Each block contains a unique identifier, a timestamp, and a cryptographic hash that ensures the integrity of the data it contains. Once a block is added to the blockchain, it cannot be altered or tampered with, providing a high level of security
Blockchain networks use consensus mechanisms to validate and agree on the content of each block. These mechanisms allow nodes to reach consensus on the validity of transactions and prevent attackers from compromising the system. Popular consensus mechanisms include Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS)
Once a transaction is written to the blockchain and added to the blockchain, it becomes permanent and immutable. The distributed nature of the network and cryptographic algorithms ensure that it takes an impractical amount of computing power to change a transaction, making the blockchain very secure and resistant to fraud