Blockchain Innovation

Blockchain makes transactions on the internet faster and more secure. Learn how this revolutionary technology works in four steps.

Just imagine a notepad where mutual agreements are recorded. For the planning and optimization of supply chains, data is captured in the blockchain. Producers, suppliers, transport providers, and resellers share information about products, origins, and delivery routes. This increases transparency and planning security.

This notepad is copied to all participating computers and managed by them. All these computers are equally connected in a network and act as independent monitoring entities. There is no central authority. All changes are monitored and processed by all computers.

New changes only become effective if a majority of the participating instances deem them correct. The change is then linked with the previous and subsequent changes. Each computer then receives a copy of the update.

This ensures that the information cannot be manipulated by a single party. It is permanently documented, immutable, and accessible to all.