Businesses invest significant time and money into outdated database and technologies that are not conducive to long term sustainability. These technologies are susceptible to human error, are incompatible with third party systems and are at risk of cybercrime.
Chainvine was founded on the shared belief that trust in a company’s operations shouldn’t be expensive; it should be built into the systems they use. Chainvine creates bespoke platforms, using Distributed Ledger Technology (DLT), which decentralise a company’s ledger system; creating a secure, intuitive and permanent recording of ledger data, which is simply not possible on current data systems.
Chainvine integrates its clients’ existing databases into a DLT platform which ensures that data is more efficiently stored and managed in a secure and intelligent way. Our team of experts work closely with our clients’ management teams to develop a solution that works for them, creating an evolution of our clients’ existing systems rather than completely overhauling them.
Distributed Ledger Technology (DLT) decentralises data across a network of ‘nodes’ which, using their combined power, stores transactional data permanently in the cloud on a ‘blockchain’. This distributed, decentralised approach means that there cannot be a single point of data loss or critical failure.
Every point in a company’s operation is therefore fully accountable and by utilising ‘Intelligent Contracts’ (or ‘Smart Contracts’ as they are sometimes known) products will for the first time be able to record vital data such as time of day, weekends & holidays, time zones, and geographic borders. Operational chains can, for the first time, be truly intuitive, increasing businesses’ financial margins.