We have created a decentralized blockchain ledger that uses strong cryptography. Enhanced safety and security of the most critical assets and procedures are ensured by the smart contract suite embedded in the system. It automates, tracks and logs every transaction while being readily accessible to all the parties involved.
Blockcerts Operation Process in a Nutshell
When a transaction occurs and all parties agree to the details, information is encoded into a block of digital data. The block is connected to adjacent blocks, creating an irreversible, immutable chain. Blocks are interlocked with each other which prevents any one of them from being altered. All contracts, documents and communications are all automatically encrypted and hashed to the blockchain.
The certification token is used as a unit of account in any type of transaction while multi-step authentication insures trust with everyone within the ecosystem.
Ongoing Work and Future Potential
The system is intended for future development of UI applications by 3rd party developers and is to be used across different spheres of business.