Sate Development creates Enterprise solutions to help clients leverage the strength of Blockchain technology for their businesses. We make it seamless for clients to break the old paradigm of centralized consensus and replace it with distributed blockchain paradigm to power remarkable range of applications. We not only use blockchain as a technology, but also as a strategy.
What is Blockchain?
Blockchain technology can serve as a decentralized permanent unalterable database of all types of information. As the name suggests, it is a chain of “blocks” containing the transactions/information and as it gets longer, older information becomes more reliable, as each block has a cryptographic reference to the previous one. It is a technology that consists of a ‘distributed database’ – a database distributed across several computers and geographies. All these databases store a copy of the exact same dataset, in chronological order. Thus, in order to fraud this system, each dataset will have to be hacked at the exact same time, which is practically impossible.
