A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. It is considered as Version 2 of internet as it will be “Network of values” whereas Internet Version 1 was network of information.
Blockchain technology has a large potential to transform business operating models or even how societal organisation. Blockchain distributed ledger technology is a foundational technology—with the potential to create new foundations for global economic and social systems—than a disruptive technology, which typically “attack a traditional business model with a lower-cost solution and overtake incumbent firms quickly”. The use of blockchains can bring significant efficiencies to global supply chains, financial transactions, asset ledgers and decentralized social networking.
Blockchain-based smart contracts are contracts that can be partially or fully executed or enforced without human interaction. One of the main objectives of a smart contract is automated escrow. Blockchain smart contracts are typically implemented by enabling the coding of contracts that will execute when specified conditions are met. A blockchain smart contract would be enabled by extensible programming instructions that define and execute an agreement. For example, Ethereum Solidity is an open-source blockchain project that was built specifically to realize this possibility by implementing a Turing-complete programming language capability to implement such contracts.
INFI blockchain team is managed by experience Blockchain analysts and developers and are supported by our advanced R&D team. We are developing on Ethereum based applications. We also support development in SAP Blockchain and other platforms.