How it works
Blockchain, simply put, is a shared ledger that records the history of transactions in your business.
There are two main types of ledgers:
This ledger is decentralized and public – anyone can read, write and post transactions. Bitcoin and Ethereum are two of the most used public ledgers.
This is a centralized ledger residing under one organization, like a bank or a financial corporation, with full control to access, modify and transact information.
One single organization, like a bank or a corporation, controls the permissions to view and send transactions to comply with privacy laws, and adds internal cryptographic audit processes.
How we can help
At Ksquare, we developed the concept of a digital wallet using blockchain technology that allows online purchases over the counter. This digital wallet–embedded in an app– is the most secure form of transaction, compatible with various mobile payment systems.
This technique allows buyer and seller to exchange information directly without any intermediaries, reducing intrusion risks.
Longevity & reliability
Decentralized networks reduce the risk of failure and malicious attacks.
Public blockchains are open and transparent, and nobody can alter or delete the committed transactions.
Blockchain transactions are trustworthy, so they eliminate the need of external validation.