Blockchain

Overview

Blockchain technology has gained significant attention due to its ability to provide decentralized, transparent, and secure systems. Consequently, these systems can potentially revolutionize industries by enhancing trust, reducing intermediaries, and enabling new forms of value exchange. Moreover, this technology offers numerous potential benefits across various industries, and its applications continue to evolve as the technology matures.

Application of of Blockchain in IoT:

The Internet of Things (IoT) is another emerging technology that can benefit from Blockchain. Businesses are researching options to enhance the security of IoT devices with increased trust and transparency using Blockchain, thereby providing a decentralized environment to the IoT ecosystem. Although the immutability feature is an USP, many businesses hesitate to invest in real-life use cases.

The Blockchain Council has listed a few promising use cases in this regard. The supply chain is particularly the most plausible fit for Blockchain beyond the financial market. Several industries are now seeking a secured medium of sensitive data communication, digital identity management, and tamper-proof voting.

HSC’s Blockchain Expertise & Offerings

Decentralized IAM (DIAM) is a cloud-hosted solution that gives entities (individuals, organizations, or things) more control over their personal information and digital identities by leveraging blockchain or other decentralized technologies. It enables users to manage and authenticate their identities without relying on centralized authorities, enhancing privacy, security, and user empowerment in the digital realm. Decentralized IAM systems allow secure and selective sharing of identity attributes and enable seamless verification across different applications and platforms.
DPKI (Decentralized PKI) is a cloud-hosted, decentralized PKI-based solution that enables IoT devices to onboard themselves automatically and securely onto any IoT platform.
LASER is a blockchain-agnostic service layer designed to conduct secured interoperable transactions, offering SWIFT-like transactions across blockchains.
DeVeDa is a secure database that can authenticate the history of old and used vehicles.
StockPile is a supply chain network that authenticates transactions to ensure trust & transparency across multiple parties.