Activeledger is a powerful distributed ledger technology.
Consider it as a single ledger updated simultaneously in multiple locations.
As the data is written to a ledger, it is approved and confirmed by all other locations.
It is decentralised, aware of its environment and location, enabling complex regulation and compliance rules
to operate independently and work harmoniously between separate jurisdictions.
A distributed ledger is a database that consensually shared and synchronised across the network
and is spread across multiple sites, institutions or geographies.
Requiring consensus between nodes for any changes in the database eliminates the need for a central authority to supervise updates.
Data and information are stored using cryptography that can only be accessed using private keys and cryptographic signatures.
It ensures high security throughout the network.
Data recorded on the ledger is immutable and governed by the rules of the network.
Distributed ledgers provide a secure operating environment that is not available on contemporary centralised systems.
As a permissioned ledger, Activeledger is operated by a network of alpha nodes to receive, broadcast, and store clients’ data.
Nodes operate independently while cross-referencing new messages to their existing database to make sure they link up correctly to prior entries.
External users can submit their messages to the ledger by sending it to any node for processing.
These users keep a random string of numbers that make their identifications pseudo-anonymous.
Each node processes on two servers, one for immediate verification, which allows quick passing of the message to its neighbours,
and the other server is for final clearing and alignment with the network’s standard decentralised database.
This distinction from the other distributed ledgers is what paves the way for substantial performance improvement.
The capability to scale the infrastructure to enormous transaction volumes.
The characteristic of any counterparty check or subsequent transaction to be immediate and final.
No need to change your entire strategy; Activeledger allows you to work side by side with your current system and to switch only when you are confident it can be done safely.
The advent of the Blockchain technology in Bitcoin prompted similar techniques in enterprise-based applications.
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