Blockchain is exactly what it says it is: a decentralized collection of computer records or transactions put in a ‘box’ and linked together with a ‘chain’. Each box of data where multiple transactions or records are stored is called a block and they are linked to each other by encrypted chains of code.
Every block has a unique identity code that is generated based on an algorithm acting on the previous block’s data. This unique code is called the block’s hash and the process of encrypting and generating the code is called hashing.
Backtracking the algorithm protecting/encrypting the data is an extremely difficult task by itself. Each user has a (online or offline) copy of the entire blockchain which makes it an easily accountable, transparent and decentralized system:.
Backtracking the algorithm protecting/encrypting the data is an extremely difficult task by itself. Each user has a (online or offline) copy of the entire blockchain which makes it an easily accountable, transparent and decentralized system:
Since every user has a copy of the blockchain, it creates a scenario for easy verification and decentralizes the data flow. This helps improve security as well as the speed of transactions. Traditional systems are centralized on a bank server or a company server, on which targeted attacks are easier making centralized data more vulnerable.
Since every block has a unique hash, tampering with its data will lead to tampering with the next block’s hash which will then cause a discrepancy in chain verification between two users. In case of a discrepancy, the chain is said to be ‘broken’ and the accountable user can easily be identified from the chain due to their unique ID.
The system of clear accountability, transparency, and immutability blockchain technology has set up provides a higher level of security than traditional upload/download security solutions, since these systems work on the basis of centralized information flow.
Blockchain is currently utilized in record-keeping of cryptocurrency transfers. However, worldwide implementation of blockchain can cause a major upheaval in the economy. Transaction fees, a major source of bank income, would become obsolete in favour of a decentralized system of money transfer. Users can leverage the transparency of blockchain systems to look into the workings of previously (unreasonably) obscure records of some institutions.
With special attention to all emerging fields of Deep Tech, we at Atomic North recognize the fundamental ways in which Blockchain can revamp the entire scenario of online security and record-sharing. Combining trained professionals and an adequate infrastructure to support your security requirements, Atomic North provides a powerful Blockchain portfolio to evolve your security infrastructure; special expertise in scaling enables us to cater to businesses of all sizes.
We have trusted Atomic North as our quality Oracle gold partner over the years. They have always looked into each of our requirements meticulously, whether it be into Oracle EBS or Oracle Cloud, and provided high-quality resources to achieve our goals.
With excellent on-demand support and timely resolving of any issues post-implementation, Atomic North has always come through in delivering quality solutions in all-weather conditions.
CIO at JTEKT India Limited
Atomic North has remained a trustworthy and our go-to technology partner over the years. They have delivered quality services when it matters the most and their consultants have always been highly methodical in their problem-solving approach. They have developed and provided excellent support for diverse projects across technologies such as Oracle ERP, Microsoft Dynamics, .NET and Open Source technologies to name a few.
Group Head - IT | Panasonic India Pvt Ltd, PISC-ISAMEA
We have been engaged with Atomic North for last four years and it has been quite a satisfactory journey for us. The engagement that started with Oracle EBS reimplementation expanded to include other technologies as well. The services and the level of ownership has been remarkable and their solutions are very robust. We can definitely see the improvement in our IT as well as business operations and expect to benefit further from Atomic North’ continuous improvement process.
GM (IT) Amar Ujala
We have trusted Atomic North as our quality Oracle gold partner over the years. They have always looked into each of our requirements meticulously, whether it be into Oracle EBS or Oracle Cloud, and provided high-quality resources to achieve our goals.
With excellent on-demand support and timely resolving of any issues post-implementation, Atomic North has always come through in delivering quality solutions in all-weather conditions.
CIO at JTEKT India Limited
We have been engaged with Atomic North for last four years and it has been quite a satisfactory journey for us. The engagement that started with Oracle EBS reimplementation expanded to include other technologies as well. The services and the level of ownership has been remarkable and their solutions are very robust. We can definitely see the improvement in our IT as well as business operations and expect to benefit further from Atomic North’ continuous improvement process.
GM (IT) Amar Ujala
A team with extensive knowledge and deep expertise in the leading platforms customers are deploying today as part of their digital transformation efforts.
Learn more
A team with extensive knowledge and deep expertise in the leading platforms customers are deploying today as part of their digital transformation efforts.
Learn More
A team with extensive knowledge and deep expertise in the leading platforms customers are deploying today as part of their digital transformation efforts.
Learn More
Tell us about your business needs and let’s understand how we can collaborate.
