Our research and development team is always looking to find new ways of improving products and processes for the financial sector.
Blockchain is described as a decentralized, public records register of all executed transactions, or digital transactions, within a network of participating parties. Once an entry has been noted in the blockchain, it cannot be deleted, which allows each network participant to access all records, of all transactions, at any time.
Blockchain enables peer-to-peer transactions, which means any party can conduct mutually verified transactions without the need for an additional intermediary.
The “public key cryptography” feature illustrates how transactions are secured by virtual keys that represent a digital signature.
Blockchain presents new challenges and opportunities for our clients and, nowadays, we are dedicated to researching distributed ledgers technology (DLT) and authentication of transactions.