We use 'Openchain' solution

Blockchain technology for the enterprise


What is Openchain?

Openchain is an open source distributed ledger technology. It is suited for organizations wishing to issue and manage digital assets in a robust, secure and scalable way.

  • Anyone can spin up a new Openchain instance within seconds.
  • The administrator of an Openchain instance defines the rules of the ledger.
  • End-users can exchange value on the ledger according to those rules.
  • Every transaction on the ledger is digitally signed, like with Bitcoin.

What are the use cases?

Openchain is a generic register of ownership. It can be modelled to work with an immense number of use cases:

  • Securities like stocks and bonds, commodities like gold and oil, currencies like the Dollar or even Bitcoin.
  • Titles of ownership like land titles, music or software licensing.
  • Gift cards and loyalty points.

How does it work?

The consensus mechanism used by Openchain differs from other Bitcoin-based systems, it uses Partionned Consensus:

  • Every Openchain instance only has one authority validating transactions.
  • Instead of one single central ledger, each organization controls their own Openchain instance. Instances can connect to each other.
  • Different transactions will be validated by different authorities depending on the assets being exchanged.
  • Every asset issuer has full control on the transactions relevant to that asset.

Contact us to learn more about our offering around blockchain technology