Blockchain is a movement
not just technology.
not just technology.
We improve the use of Blockchain
Technology in Enterprises.
Technology in Enterprises.
Adopt. Improve. Simple
Best Blockchain Solutions
Blockchain Simplified
You (a 'node') have a file of transaction on your computer (a 'ledger'). Two accountants (let's call them miners) have the same file on theirs (so it's distributed). As you make the transaction, your computer sends an email to each accountant to inform.
Each accountant rushes to be the first to check whether you can afford it (and be paid their salary "Bitcoins"). The first to check and validate hits "Reply All"; attaching their logic for verifying the transaction ("proof of work"). If the other accountant agrees, everyone updates their file.
This concept enabled by "Blockchain" technology.
Each accountant rushes to be the first to check whether you can afford it (and be paid their salary "Bitcoins"). The first to check and validate hits "Reply All"; attaching their logic for verifying the transaction ("proof of work"). If the other accountant agrees, everyone updates their file.
This concept enabled by "Blockchain" technology.
Why Use Blockchain?
Transparency
Blockchain establishes transparency through recording all transaction, whether it's financial or non-financial in real time. The information cannot be changed.
Efficiency
Blockchain is designed to remove the requirement of 3rd-party intermediaries to verify each transaction creating efficiency and cost reductions in real time.
Security
Blockchain provides enhanced layer of security for enterprises, decreasing the chance of tampering and manipulation of transaction records and hacking of information.
Trust
Blockchain technology creates a layer of trust between parties when it comes to transaction and record history. It adds an unprecedented layer of accountability.
Reach out to Us
Let's schedule a catch up over a coffee, beer or online to discover how Blockchain will benefit you.
hello@phaeton.io
Lvl 2 110 William St. Perth WA 6000 (by appt.)
© 2021 Phaeton Technology
Blockchain as a Service