faizod.ReactiveLedger
What is faizod.ReactiveLedger?
faizod.ReactiveLedger is a closed system based on Blockchain technology in which changes are made quickly and with maximum transparency, thus providing the following benefits to supply chain and logistics processes:
- High automation
- High flexibility
- Intelligence
- Dependability
- Stability
The Blockchain Train
The showcase illustrates where and under what circumstances faizod.ReactiveLedger can be used. The closed system in which a train passes through various stations depicts a number of scenarios.
The following components are present in the system:
- Switch point
- Energy station
- Switch for electricity
- Scanners
- Wallets for different components
Tags are found on the train, the containers, and the engines. The system stores digital wallets for the components.
How does faizod.Blockchain-Gateway work?
Blockchain is an unchangeable, highly available and distributed database in which all data can be stored in a way that is audit-proof and protected from external access via encryption. faizod.ReactiveLedger is resistant against attacks, providing tremendous security in process execution.
Additionally, faizod.ReactiveLedger reacts autonomously and independently to changes in the system by subjecting all system participants to pre-defined rules. All nodes and peers update one another while maintaining transparency.
Where can faizod.ReactiveLedger be used?
In the Blockchain, a chain code is used to define assets and set up contracts. This allows for very precise instructions to be formulated and executed automatically.
When information about assets is collected, it is written into the Blockchain in chronological order and without missing information. Combined with Smart Contracts, this data executes if-then conditions, allowing for automatic settlement of asset purchases or sales. This means that asset management can become completely autonomous without the need for third-party supervision.
Common security issues are most often caused by user errors or request overloads. If one of these problems affects a node in a Blockchain, the others can continue to operate. The nodes are in constant contact with one another. Self-monitoring makes security less time-consuming and costly for organizations.
Blockchain is able to record data with consistent traceability because all processes are documented precisely and chronologically. The database is not managed by any central authority, so manipulation is considered nearly impossible.
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