WHAT IS BLOCKCHAIN?
A blockchain is a distributed database that is used to maintain a continuously growing list of records, also known as blocks. Using cryptography to keep exchanges secure, blockchain provides a decentralized database, or “digital ledger”, of transactions that everyone on the network can see. This network is essentially a chain of computers that must all approve an exchange before it can be verified and recorded. Blockchains are resistant to modification of data which means that once recorded, the data in any given block cannot be altered without the alteration of all subsequent blocks and a collusion of the network majority.
BLOCKCHAIN AS A SERVICE (BaaS)
Our society and world are interconnected through private and public networks that communicate the unsecure internet ISP’s. Transactions conducted via business or government entities whether via an Intranet or via the Internet are all vulnerable and subject to data breaches. The Secure Identity Ledge Corp “SILC” solution to reducing an organizations exposure and vulnerability is Blockchain as a Services “BaaS”. BaaS is comprised of a dedicated cryptographically secure Public/Private Ledger, built on the SILC Blockchain application. Mid-size, large enterprise, and government organizations all have an opportunity to implement and integrate BaaS within their organization. The SILC Blockchain is an open, flexible, and scalable platform that offers all organizations Data and AI technology to improve business interactions.
Private Permissioned Blockchain
Blockchain that is secure, flexible and scalable.
All information stored is encrypted or hashed, so that your information cannot be accessed without your authorization.
Verified Existence Consensus Algorithm
A proprietary algorithm that allows transactions to be verified much faster than competing blockchains.
Secure Digital ID Module with Public / Private Key
Each user on the blockchain is provided with a digital ID which prevents identifying information from being accessed by unauthorized users, through a unique hashing mechanism.
Digital Asset Management Module
The SILC Asset Managed Module is designed to insure that your account is fully reconciled. There are 3 key benefits to a fully reconciled account.
– Reconciliation will account for discrepancies between two sets of records
– Importance of accurate presentation and regulatory scrutiny
– This is our balance check for all tokens within our platform.
In summary, while data accuracy is a paramount concern, the timeliness and accessibility of the data across all nodes are of equal importance to build trust.
Artificial Intelligence (A.I) / Machine Learning
Machine learning allows computers to learn from data without being explicitly programmed. Artificial Intelligence are applications that can carry out tasks similar to human capabilities by recognizing and processing information. These technologies work better with more data. When paired with blockchain technology that offer shared databases, AI and ML technology have the capabilities to do more. Here at SILC, we can put both of them to work for you to make the most out of your data leading to a more efficient, faster business, allowing you to achieve more.