Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.
Distributed ledger technology
All network participants have access to the distributed ledger and its immutable record of transactions.
No participant can change or tamper with a transaction after it’s been recorded to the shared ledger.
To speed transactions, a set of rules — called a smart contract — is stored on the blockchain and executed automatically.
Benefits of blockchain
What needs to change: Operations often waste effort on duplicate record keeping and third-party validations. Record-keeping systems can be vulnerable to fraud and cyberattacks. Limited transparency can slow data verification. And with the arrival of IoT, transaction volumes have exploded. All of this slows business, drains the bottom line — and means we need a better way. Enter blockchain.
Consensus on data accuracy is required from all network members, and all validated transactions are immutable because they are recorded permanently.
With blockchain, as a member of a members-only network, you can rest assured that you are receiving accurate and timely data.
With a distributed ledger that is shared among members of a network, time-wasting record reconciliations are eliminated.
Risk management systems for blockchain networks
When building an enterprise blockchain application, it’s important to have a comprehensive security strategy that uses cybersecurity frameworks, assurance services and best practices to reduce risks against attacks and fraud.
Security & identity
Enterprise software for providing multi-party transaction approval and policy validation.
Trade with Secure
We earn that trust through the best security in the business so bad actors can't reach it.
Decentralized and unstoppable
Evoke is ultra-fast and low cost, it is censorship resistant. Meaning, the network will remain open for applications to run freely.
Combines customized hardware Blockchain Offload Engine (BOE), with high-performance blockchain software, enabling unrivaled scalability.
Combining human ingenuity, experience and technology innovation to deliver sustained outcomes and build trust.
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Evoke Crypto Wallet is the cryptocurrency wallet that has many users worldwide.
Blockchain-as-a-Service (BaaS) allows businesses to use cloud-based solutions to build, host and use their own blockchain apps, smart contracts and functions on the blockchain infrastructure developed by a vendor. Just like the growing trend of using Software-as-a-service (SaaS) where access to the software is provided on a subscription basis, BaaS provides a business with access to a blockchain network of its desired configuration without the business having to develop their own Blockchain and build in-house expertise on the subject.
A Smarter Way to Create Value
How blockchain works
As each transaction occurs, it is recorded as a “block” of data
Those transactions show the movement of an asset that can be tangible (a product) or intangible (intellectual). The data block can record the information of your choice: who, what, when, where, how much and even the condition — such as the temperature of a food shipment.
Each block is connected to the ones before and after it
These blocks form a chain of data as an asset moves from place to place or ownership changes hands. The blocks confirm the exact time and sequence of transactions, and the blocks link securely together to prevent any block from being altered or a block being inserted between two existing blocks.
Transactions are blocked together in an irreversible chain: a blockchain
Each additional block strengthens the verification of the previous block and hence the entire blockchain. This renders the blockchain tamper-evident, delivering the key strength of immutability. This removes the possibility of tampering by a malicious actor — and builds a ledger of transactions you and other network members can trust.