EagleChain SA
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Blockchain consulting services
EagleChain is a company specialized in consulting and technical development of functional blockchain applications.
The blockchain is a technology for storing and transmitting information, which is transparent and secure.
Reliability, traceability and data security
Revolutionize the way you run your business with
BLOCKCHAIN TECHNOLOGY
The integration of this innovative technology into your business will improve the security of data and transactions, a major issue during this time of massive data leaks and attempted hacks on many sites.
The advantage: what is written in the blockchain cannot be deleted.
Understanding blockchain
A new generation of software that improves business processes.
Definition of blockchain
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, a car, cash, land) or intangible (intellectual property, patents, copyright, trademark).
A blockchain network makes it possible to virtually track and exchange any asset of some value by increasing risks and decreasing costs for all parties involved.
The key elements of a blockchain
Distributed ledger technology
All network participants have access to the distributed ledger and its immutable record of transactions. With this shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s typical of traditional business networks.
Immutable records
No participant can change or tamper with a transaction after it’s been recorded to the shared ledger. If a transaction record includes an error, a new transaction must be added to reverse the error, and both transactions are then visible.
Smart contracts
To speed transactions, a set of rules that are called a smart contract is stored on the blockchain and run automatically. A smart contract defines conditions for corporate bond transfers, include terms for travel insurance to be paid and much more.
The potential of blockchain
The decentralized nature of blockchain, coupled with its security and transparency, promises much broader applications than the monetary domain.
The use of blockchain can be classified into three categories:
- Applications for the transfer of assets (monetary use, but not only: securities, votes, shares, bonds, etc.).
- Blockchain applications as a register: it thus ensures better traceability of products and assets.
- Smart contracts: these are stand-alone programs that automatically execute the terms and conditions of a contract, without requiring human intervention once started. The fields of operation are wide-ranging and include the bank, insurance, health, and pharmaceutical industries, as well as the supply chain of many sectors (agri-food, luxury goods, international trade, distribution, wine, aeronautics, automotive, music, energy, real estate, voting, etc.)
Above all, blockchain will transform the internet and the decentralized web, and will pave the way for a new digital economy – a token economy. To understand what is at stake, it is crucial to avoid caricatures about crypto assets, which are at the heart of this revolution.
Blockchain technology represents the use of the potential of ledger protocols distributed to guarantee the availability, reliability, traceability, and security of transactions and data, based on consensus.