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What is Blockchain Technology

Blockchain Technology is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually anything of value. For public blockchain implementations, picture "a large notebook, which everyone can read freely, for free, on which everyone can write, which is impossible to erase and indestructible."

Information held on a blockchain exists as a shared – and continually reconciled – database. This is a way of using the network that has obvious benefits. The blockchain database isn't stored in any single location, meaning the records it keeps are truly public and easily verifiable. No centralized version of this information exists for a hacker to corrupt. Hosted by millions of computers simultaneously, its data is accessible to anyone on the internet.

Blockchain is a technology of storage and transmission of information, a digital data management protocol that features:

Transparency: Everyone can consult all exchanges, present and past.

Transactions without a control body or trusted third party: It is based on peer-to-peer (P2P) exchanges.

Infallibility and security: Unlike more conventional databases, it is "distributed". It means that different copies exist simultaneously on different computers of the network, preventing the blockchain from being hacked.

Exxact Blockchain Solutions

Exxact Blockchain Solutions provides users the necessary tools to build their decentralized system that accommodates unalterable data records. Whether it's catering to storage intensive requirements or hardware optimization, we have the solutions that can solve your custom blockchain application, workload, and scalability needs.

Quantum IXR130-0512N

•1U Intel Dual Socket System
• Supports two Intel Xeon E5-2600 v3/v4 Haswell/Broadwell processors
• Expandable up to 512GB DDR4 2400MHz ECC LRDIMM Memory

Fulcrum IXR212-1000R

• Supports dual Intel Xeon E5-2600 v3/v4 Haswell/Broadwell processors
• Up to 8x Hot-swap 3.5" and 4x 2.5" NVMe Drive Bays
• Supports up to 1TB DDR4 2400/2133/1866/1600 LRDIMM

Quantum TXR110-512N

• Supports one Intel Xeon E5-2600 v3/v4 Haswell//Broadwell Processor
• Expandable up to 512GB DDR4 2400MHz ECC LRDIMM Memory
• Supports 2x K80/K40/K10/M2075/ M2090/P100/P40/V100 Tesla Processors or 2x Intel® Xeon Phi™ Coprocessors


Use Cases

Banking Companies

For banks, the most enticing aspect of Blockchain is the fraud security it provides for them and their customers. With Blockchain Technology, every client would have a unique identification number rather than their name. In addition, only they would have the private key, preventing access to their funds even by the bank itself. These security measures have made Bitcoin and other cryptocurrencies secure, and they can make banker's deposits secure too.

Insurance Companies

Insurance companies will no longer be limited by their geography. Using Blockchain allows them to reach new locations all over the world and increase their reach. One, because of smart contracts that are digitally signed and two because of the new payment business models "bitcoin technologies" that insurers are trying to implement. Plus, insurance companies could partner with Blockchain startups to keep their personal data secure, knowing that they have been sued in the past for that problems.

Payment Companies

Regarding sending money across borders, transaction costs are an obstacle for both companies and customers. With Blockchain Technology, users can receive money in specific currency built upon the Blockchain and convert the currency at the exchange rate at the time. In addition to this, Blockchain also enables the transaction of very little sums of money.

Real Estate

As the real estate sector suffers from a lack of transparency during transactions, possible fraud and mistakes in public records and a significant amount of paperwork, Blockchain offers solutions for all these issues: reducing the need for paper, ensure that documents are accurate and verifiable and can help applications for real estate chains track, record and transfer land titles, real estate, etc.

Cloud Storage

As cloud storage companies use centralized servers to secure customer's data, their network is more susceptible to hacker's attacks. Blockchain cloud storage solutions allow storage to be decentralized, and therefore less vulnerable to attacks that can cause significant data loss.

Supply Chain Management

Supply chain is based on a series of transactions to move a product from one point to another, and Blockchain Technology allows more secure and transparent monitoring of these transactions. Because of this, human errors, added costs and time delays can be reduced thanks to the permanent decentralized record that can document the transactions.