Blockchain
For Babel, Blockchain is a unique, consensual record of information distributed across several nodes in a network. The generation, distribution and consumption of digital content that is easily replicable by applying Blockchain architectures and consumption models enables organisations to create unique assets that can be traced by guaranteeing their source and security.
Real projects
in production
+10 use cases
developed
Main advantages Single registry Transparency Security Trust
Blockchain is a unique, consensual record distributed across several nodes in a network
Blockchain is a digital transaction record. These blockchains are used to record the transactions made. Each transaction added to a blockchain is validated by several nodes in their network. These nodes work together to make sure that each transaction is validated before it is added to the blockchain, ensuring that no one can add invalid information to the blocks in the network.
When a new block is added to a blockchain, it is linked to the previous block by way of a cryptographic hash generated using the contents of the block. This ensures that the chain never breaks and that each block is permanently recorded.
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It brings us elimination of intermediaries, transparency and security.
The main characteristics that we must take into account when evaluating the suitability of a project with Blockchain are:
DISTRIBUTED NETWORK
Since the data of a Blockchain is often stored in a high number of nodes, the system and data are highly resistant to technical failures and malicious attacks.
SECURITY and TRUST
One of the biggest benefits it brings is that the network is highly secure, due to the fact that the transmitted data is inherently encrypted. The decentralized data stored using Blockchain makes it extremely difficult to hack because there is no single point of failure, as the information is replicated across the different nodes that make up the network. In addition, the decentralization of the information guarantees its immutability.
TRANSPARENCY
A Blockchain network is more transparent than any other system, since it clearly provides the origin of transactions, which can be consulted in the registry and even verified.
Provides trust between the different actors in the network
At BABEL, we offer the following services to our clients:
ADVICE AND CONSULTANCY
We have a prepared team, capable of providing support and advice to projects using ecosystem technologies.
CREATION OF PRIVATE AND HYBRID NETWORKS
As Hyperledger, Quorum or Ethereum, we create private and hybrid networks according to the needs.
DEVELOPMENT OF SMARTCONTRACTS
ChainCodes or SmartContracts, we develop use cases applied to business needs.
SPECIALIZED TRAINING
We train teams in the use and development of different Blockchain technologies, such as Ethereum, Quorum and Hyperledger. From theoretical concepts such as what is a Smart Contract, to deployments of a real contract on the network, we train teams in the use and development of different Blockchain technologies such as Ethereum, Quorum and Hyperledger.
Tools are not everything… but we prefer to use the best
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