BlockChain - Distributed Ledger

 

BlockChain is transforming transactional networks, in multiparty business processes. The distributed registration -analogy between LEDGER and DISTRIBUTED LEDGER- "democratizes" the identification, authentication and transparency of transactions through "peer-to-peer between validation" without third party intermediation.

 

 

Who dominates BlockChain dominates the "Rules of Trust" as it eliminates the need of a third party. Everyone has the same information, so, the rules of trust are validated by the community, guaranteeing security, transparency and reliability.

 

Chainmaker provides the ability to create and manage Own Infrastructures and deploy distributed applications that allow executing transactions dependent on smart rules, through management and control of NODES. 

 

Having control of the NODE gives us substantial advantages. The most relevant ones acts as Account Admin, therefore it allows us to control the list of public keys managed by our activity. The consensus of the Community will be in charge of validating it at time of mining of the Block.

 

 Chainmaker offers the possibility of monitoring the activity of our nodes in a detailed way and being able to deliver the same view to our clients.

 

The main settlement is based on Development of Business Logic through distributed applications (DApps) - establishing communication interface with the End User- and Smart Contracts - execution of rules under the Action-Reaction principle-.

 

Distributed Applications: Unlike typical Apps, centralized applications (trust in a main entity), DApps are decentralized applications, trust based on the community. They just need the chain of blocks to express themselves.

 

Smart Contracts: Programmable capsules codes, autonomous, self-operative, distributed, unalterable and therefore immutable. It will have the same behavior without a third party, in a predictable environment, transparent and incorruptible and will execute automatically when conditions are met.