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Imagine a production chain consisting of several machines that need to work together to create the finished product. In this scenario, there are no standard protocols and it is not possible to involve third parties in the production process, because a production chain is by definition “closed” within its production cycle.
Or, consider a distributed ecosystem made up of objects, sensors, machines able to work together, which monitor an environment, produce value, and respond to changes. In this scenario a shared platform, a certified data-exchange system, or a platform that ensures authentication by-design do not exist.
What are the limitations of these scenarios?
Impact on the scenarios:
Blockchain is a revolutionary technology which Blokcom builds high value added services:
Through a secure and trackable messaging platform, it is possible to transform any untrusted environment into a trusted one.
Blokcom provides a platform in which: Each connected element is authenticated and certified; All data exchanged is verified and guaranteed against mutability and falsification; Every interaction is traced and verified, automatically and without the need for user confirmation.
With Blokcom it is possible to extend a private network, linking it to other networks (i.e. a Smart Home service provider, a technical support specialist, etc.) while ensuring the security of the actual identity of the parties involved and the traceability of the data exchanged.
Moreover, Blokcom disassociates from the concept of cryptocurrencies and allows any digital asset to be represented as the item being exchanged.
Let us consider a Smart Home as an example: elements, objects and appliances connected to a home network. There is an absence of a unique protocol, and remote control is always necessary on the part of the user, who verifies and certifies the actions to be taken.
Moreover, in order to ensure maximum security, the user must always confirm changes in state, changes to the environment, the execution of specific operations (e.g. raising the temperature, turning on an appliance, etc.).
A Smart Home with a Blockchain capable of handling messages as transactions, authenticating participants, verifying the integrity of messages and ensuring security and reliability, even when exposed to the outside world. The Blokcom Smart Home can:
The current solution was developed using the Multichain platform (www.multichain.com) as the core implementation of the blockchain algorithm, adding the necessary features to the platform. In particular, the advantages of using the Multichain platform are attributable to:
The actual architecture provides for:
Property: a Blockchain accelerator manages the change of property ownership, in other words the transfer of ownership of any digital or physical asset (e.g. vehicles, equity, houses, etc.). Through the registration of a transaction in the Blockchain register, the identity of the seller and the buyer, the unique identifier of the asset and the time stamp associated with the transaction are guaranteed and cannot be modified.
Voting: in contexts that require a high level of transparency and security, such as voting in public ballots (e.g. to express a preference in a survey), the Blockchain technology relies on crypto currencies to guarantee both the legal certainty of the vote and the transparency of the process.
Ticketing: ticketing and couponing systems are highly complex. Furthermore, the risk of distributing counterfeit tickets is a major problem even for the more advanced and modern systems. Through the use of a web platform that exploits the specific features of Blockchain technology, it’s possible to create a secure and interoperable couponing/ticketing solution that still ensures the best possible end user experience.
SDN Security: the rise of Software-Defined Networks means that there are new ways for hackers to enter a network or system. Securechain is the solution that introduces security gateway into SDN, whilst creating a forensically auditable and unchangeable log of events. Securechain is built on the Ethereum
Secure Authentication: Authentichain is a new authentication system developed using Blockchain Technology. With Authentichain, it is possible to manage a private network of smart devices that are mutually authenticated and verified. It is also possible to easily extend the network and connect it to other networks (e.g. service providers, specialised technical support, etc.) while guaranteeing the actual identity of the parties involved and the traceability of access.
Insurances: over the years, complexity and costs related to the management of insurance processes have undermined the profitability of companies and inhibited the distribution of innovative insurance products. A platform was developed which, by integrating with the Ethereum Blockchain, facilitates the setting and enforcement of smart contracts for travel insurance. Insurechain is a solution that facilitates the automation of premium calculations, the management of appraisals and the settlement of certain types of claims, ensuring end-user transparency.