Object Efficiency Management
Redefining record keeping, network functionality, and traditional recording methods.
Harnessing the original blueprint of the Internet where Technology, not law, becomes the source of trust between participants, enabling the digital notarization of information and exchange.
Blockchain is a digital ledger technology used as a trusted way to track the ownership of assets without the need for a central authority, which could speed up transactions while lowering the chance of fraud or data mismanagement. Crucially, its peer-to-peer nature removes the need for verification from costly intermediaries such as banks or other institutions.
The Blockchain OEM system will encompass these modules:
1: The Object in the Blockchain is any data packet that represents a transaction, contract, resource, or libraries that are are cryptographically secure.
2: Efficiency in the Blockchain Distributed Ledger Technology (DLT) has the capability to be substantially more effective than traditional record keeping methods, in either settlement speed, costs, or risk management. Blockchain implementations can further be border-less, distance-neutral, achieve permanent up time, and potentially create new revenue streams.
Blockchain Distributed Ledger Technology (DLT) will fundamentally change the way data is recorded from centralized to decentralized databases.
In the Blockchain, the data is decentralised, trusted and immutable distributed ledgers.
These distributed ledgers are called ‘blockchains’ since they consist of a ‘chain of blocks’ created and agreed upon by the network participants, with each block containing an encrypted record of the most recent network-validated operations, as well as of all the operations contained in all previous blocks.
Blockchain Distributed Ledger Technology is inherently resistant to modification of the data.
Once the ‘Object’ has been written to a blockchain, no one can change it.
No single individual or organization maintains the database; several thousand individuals do. Everyone on the network has a copy of the database.
As data is recorded and distributed to the network, the efficiency of the distributed data creates high fault tolerance.