Since the invention of Bitcoin and Blockchain in 2009, many new platforms have emerged that allow consensus on the contents of a database in a P2P network. Cryptocurrencies are only the first use case.
Whenever multiple parties lack trust in each other or in a central facilitator, blockchain can be an interesting tool. In this context, trust not only encompasses the integrity of the other party, but also their ability to provide the necessary IT security. Thanks to blockchain, processes become transparent to all involved parties and no single party can keep another party from writing a new entry. In addition, the entire history of all transactions remains immutable.
Full transparency and immutability are not always desirable. Confidentiality requirements and the “right to forget” are more important than ever. Thanks to new cryptographic methods such as zero knowledge proofs make it possible to ensure the transparency of a process and to disclose information only selectively. It is thus possible to conceal the sender, receiver and content of a transaction for third parties and still have the certainty that this transaction obeys well-defined rules.
SCS can assist you in assessing where blockchain might be an opportunity or a risk for you. With our experience in decentralized application development (Dapps), smart contracts and privacy technologies, we can develop a tailor-made, productive blockchain solution from A-Z for you.
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Blockchain – Blog Postings
- Improved Security for High-Frequency Cryptocurrency TradingToday, cryptocurrencies are mostly traded on centralized exchanges, which can handle very large bid volumes very quickly at low costs. However, the trader risks the total loss of his deposited tokens in case of a hacker attack or fraud of the operator. Alternatively, decentralized exchanges are becoming increasingly popular. These consist of smart contracts that are ...
- Have a TEE with PolkadotTogether with our client, the Web3 Foundation, we’ve published a blog about our trusted off-chain computing platform SubstraTEE which improves confidentiality, scalability and interoperability of blockchain solutions: Have a TEE with Polkadot More technical detail and a live demo with private token transactions is given in the recording of our recent meetup: https://youtu.be/UKsRHt8yQfI This project is open source and ...
- Blockchain technology for industry 4.0 applicationsIndustrial applications require an increasing degree of trust and privacy protection. Proof of existence, of origination or of a consistent track record gain importance. Trusting the timestamps and the integrity of sensor data can be a crucial requirement, i.e. for using surveillance camera footage as evidence in court. SCS has set up an infrastructure that proves ...