Krista Supports the Blockchain
Enterprises Improve Security and Trust with Blockchain
The underlying technology in cryptocurrencies is a special type of data storage called a distributed ledger. The ledger part is obvious: we need to account for transactions between parties of who owns what, and which debts and credits were made against that balance. However, when someone writes to their own ledger, they are free to tamper with the records without others being made aware. A distributed ledger is a database that is spread across a network of computers. It is constantly reconciled through a consensus process so that each computer on the network agrees on the contents of the ledger. It’s the distributed part that makes for unique, non-crypto use cases, relevant for almost every enterprise to improve efficiency, transparency, and trust.
"Krista’s sweet spot is where multiple people and system capabilities must be orchestrated to perform a valuable business outcome, especially where changes to the process are frequent and machine learning could be applied to optimize the process."
Tom Reuner, HFS Research
Blockchain Will Revolutionize How Businesses Operate
While blockchain technology promises a new level of security and transparency for enterprises, there are still some concerns that need to be addressed. One issue is the potential for attacks, where a group of malicious miners could gain control of the majority of the network and manipulate the ledger for their own benefit. Another concern is scalability; as blockchain usage increases, the transaction speed needs to increase as well, or else the system will become overloaded. Finally, there is the question of privacy. The blockchain is a public record of all transactions that have taken place on a network. This could pose privacy concerns for enterprises that do not want their data to be publicly available which is why they utilize private distributed ledgers. However, with the right solutions in place, blockchain can offer a new level of security and transparency that could revolutionize the way businesses operate.
Krista Automates Blockchain Solutions
Krista provides scalable and easy-to-use blockchain solutions. Krista’s “nothing like code” conversational platform makes her suitable for enterprises that do not have the resources or expertise to develop their own blockchain-based system. Krista’s distributed ledger technology (DLT) enables companies to streamline their operations, reduce costs, and improve transparency and trust for complying with federal, state, and local mandates. Krista helps enterprises securely and efficiently record transactions, track assets, and manage data for human resources, third-party contractors, complex customer contracts, and others. Krista’s blockchain solutions are used by some of the world’s leading organizations in a variety of industries including financial services, healthcare, hospitality, supply chain management, and more.
Krista Provides Enterprise Blockchain Solutions
Krista’s blockchain solutions provide scalability and trust.
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