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In today’s world, all businesses are becoming technology-driven – blockchain creates a new paradigm in this digital era. Blockchain / (DLT) Distributed Ledger Technology is a new tide that will shift existing technology.
“Blockchain is a Protocol for building an immutable/unchangeable historical record of the transaction.”
Blockchain Technology was originally leveraged by Cryptocurrencies (Cryptocurrency [Like bitcoin, Ripple] is a medium of exchange using cryptography to secure the transaction and to control the creation of new units) whose popularity gave rise to the idea of blockchain as a mean of building consensus.
With this progress in Blockchain and adjacent technologies like DLT, shared ledgers and smart contract - industries are adapting it especially finance & insurance domain to store digital records securely and audibly, enabling a speedy, safe, and cost-effective transfer of assets.
To help clients and partners to keep pace with this paradigm shift, Fixsol offers a blockchain service and help clients differentiate their businesses and take advantage of the opportunity in this new ecosystem.