Blockchain: Secure, Tamper-Proof and Transparent

The most secure, transparent and tamper-proof technology for digital records, transactions and data

Blockchain: Secure, Tamper-Proof and Transparent

The most secure, transparent and tamper-proof technology for digital records, transactions and data

Blockchain Technology 101

What is Blockchain Technology?

A blockchain is a type of distributed database or ledger—one of today’s top tech trends—which means the power to update a blockchain is distributed between the nodes, or participants, of a public or private computer network. This is known as distributed ledger technology, or DLT A blockchain database stores data in blocks that are linked together in a chain.

How Does Blockchain Provide Data Security?

Blockchain supports immutability, which means that data once is written cannot be erased or replaced. Immutability means that no data tampering is possible within the network. Traditional databases don’t exhibit immutability and hence are more prone to being manipulated by a rogue administrator or third-party hacks.

Why Hyperledger Blockchain?

Hyperledger Fabric is an open source, enterprise-grade, distributed ledger platform. The Linux Foundation manages the project which was founded by IBM, SAP and Intel. It has advanced privacy controls so only the data you want shared gets shared among the “permissioned” (known) network participants. Smart contracts document the business processes you want to automate with self-executing terms between the parties written into lines of code. Transactions are traceable and irreversible, creating trust between organizations. This enables businesses to make more informed decisions quicker — saving time, reducing costs, and reducing risks. With more than 120,000 contributing organizations and more than 15,000 engineer contributors working together, Hyperledger Fabric offers CrediVault and its customers performance at scale while preserving the data privacy enterprises demand.

Advantages of Using Blockchain for Data Security Management

The most tamper-proof digital technology for data available

Security

Only authenticated and authorized users our allowed

Traceability

The whole history of executed transactions is logged on the chain

Transparency

All parties involved in a transaction are fully informed about any pre-conditions and execution rules of that transaction

Blockchain Applied

Banking: Deutsche Börse Group Hyperledger Case Study

Here we explain how the Group explores the potential usage of Hyperledger Fabric to enable cash and securities transactions, including the ability to conduct multijurisdictional transfer of securities.