Blockchain

Overview

Businesses are researching options to enhance the security of IoT devices with increased trust and transparency using Blockchain. The use of Blockchain within IoT is imperative as it provides a decentralized environment to the IoT ecosystem. Although the immutability feature is seen as a USP for Blockchain, many businesses are hesitant to invest in real-life use cases.

Blockchain council has made a list of few promising use cases of Blockchain. The supply-chain is the most plausible fit for Blockchain beyond the financial market. Several industries are now looking for a secured medium of sensitive data communication, digital identity management, and tamper-proof voting.

HSC’s offerings in Blockchain:

1. LASER is a Blockchain-agnostic service layer design for secured interoperable transactions offering SWIFT-like transactions across Blockchains.
2. DeVeDa is a secure database that can authenticate the history of old and used vehicles.
3. StockPile is a supply chain network that authenticates transactions to ensure trust & transparency across multiple parties.