Over the past few years, we’ve seen a lot of companies implement platforms based on blockchain technology. However, these platforms are often not enhanced by the permanent and unalterable nature of the technology. But, there are a lot of places where blockchain technology can be of use, and Parisian company ATBHASH is implementing them for safety and security purposes.
What is blockchain technology?
Blockchain technology is a revolutionary form of distributed ledger technology that enables secure and efficient transactions without the need for an intermediary. It is a decentralized system that keeps track of data across a network of computers, using cryptography to ensure the integrity and security of all transactions.
Put simply, blockchain is a digital ledger system where records or blocks are secured by cryptography and can be shared across a vast network of computers. Each block contains a timestamp, transaction data, and the digital signature of the previous block – creating an unchangeable chain. This makes it virtually impossible to modify or delete any data stored on the blockchain without having access to every node in the network.
The immutability of records stored on the blockchain provides a robust platform to store data securely and transparently. It is widely considered to be the most secure form of ledger technology, with potential applications in a vast range of industries from shipping and logistics to finance and healthcare. Blockchain technology has the potential to revolutionize how we do business by eliminating intermediaries, reducing transaction costs, increasing trust between parties, and streamlining the process of transferring assets.
ATBHASH for construction
The company began its blockchain journey in the construction space. By using blockchain technology, the company was able to produce a platform that creates a way to track a building project without the risks inherent in digital data. The platform is called CEERTIF. As the project proceeds, all steps are logged into the system. This gives auditors and inspectors a detailed and step-by-step insight into the building project.
Because of the blockchain backend, everyone involved can be assured that the data has not been changed within the CEERTIF platform. However, if it has been changed, then an audit log is available to show every change and when it happened. This way there are no questions about the integrity of the data being presented – a problem that happens normally in construction.
ATBHASH for domestic violence victims
Using the same core technology that made CEERTIF possible, ATBHASH has launched another blockchain product called NANSHE. This product focuses on the victims of domestic abuse rather than the construction industry. Using NANSHE, victims can safely and securely present evidence of domestic abuse.
The safety and security of the platform is the most important part in this case, as victims are often scared to come forward because of the potential backlash from reporting the crime. The platform, however, allows them to do so in a way that the abuser cannot find out about, and therefore cannot respond to.
In addition, because of the blockchain technology, there is no way for someone to hack in and change the data or delete it entirely. This is because blockchain data is immutable. This protects the victim’s safety and ensures the authorities can pursue the case without fear of loss.
Summary
Both platforms – CEERTIF and NANSHE – are available t use now. To learn more about the company and its products, head over to their website.
Interview by Todd Cochrane of Geek News Central.
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