Blockchain

BLOCKCHAIN

Revolutionize the trust that powers your business



Retail

Improve Traceability Initiatives & Supply Chain Transparency with Distributed Ledger Technology (DLT)

FinTech

Facilitate credible transactions without third party oversight using Smart Contract. Unlock new business value .

Healthcare

Unlock genetic code, securely share patient medical records, and manage drug supply chain with Blockchain Ledger Technology

Smart Cities

Develop reliable registry for service requests, reduce financial fraud, increase transparency and connectivity.

What is Blockchain?

As an era of initial cryptocurrency hype comes to a close, the blockchain sector marches on. Blockchain is a trusted distributed ledger system across a network of users. A system, where the parties cooperate to ease the transaction process and make it more anonymous and yet more secure. Blockchain database is made up of blocks of information. Each block represents a certain transaction that has been made on the network and is based on Cryptographic hash functions. Advantages of Blockchain include:

  • Greater transparency
  • Enhanced security
  • Improved traceability
  • Increased efficiency and speed
  • Reduced costs
  • Registering of IoT Devices
Life Sciences

A Catalyst for the Next Wave of Progress

For the life sciences industry, Blockchain has the potential to accelerate cross-industry partnerships. Blockchain technology is an ideal solution since no single organization is responsible for provenance. It can enhance collaboration, trust, interoperability, traceability, and auditability in areas such as clinical trials, supply chain management, financial transactions, credentialing, and claims processing.


For example, the Life Sciences ecosystem benefits from having authentic product in the supply chain, ensuring brand integrity and improved patient outcomes by delivering authentic product to the patient.


Clinical Trials

Secure & Protect Trial Outcomes

Patient Incentivization

Secure Reward-for-Data platform

Supply Chain

Drug Provenance
Provider

Improve Efficiency. Reduce Cost. Save Time.

Hospital costs continue to mount, along with inefficient practices. Blockchain can facilitate the transition from institution-driven interoperability to a patient-centered one and  create a single system for heath records for secure and rapid retrieval by authorized users, resulting in a faster, cheaper, and better patient care.


Blockchain promotes interoperable EHRs and protects sensitive data from breaches. Medical supplies can be secured and traced and claim processing can be made more robust with immutable records.

MEDICAL STORY

Accessible Electronic Medical Records

Secure & Share EMR Data amongst authorized users

Point-of-Care Genomics Management

Monetize Point-of-Care Genomics Data

Consent Management & Credentialing

Improve Clinician Credentialing & Consent Management
Payer

Tackle Trust, Transparency, and Data Integrity

Increasing costs, discerning customers, and innovative disruption are just a few of the challenges faced by health insurance firms. The biggest application in health insurance is to create a system of trust between parties. Blockchain could automatically collect records of agreements, transactions, and other valuable information sets, then link together the information and act on the data using smart contracts. It can also vastly improve provider directory accuracy. 


Healthcare data exists in many places such as labs, doctor’s offices, as well as claims with different insurance companies. Blockchain provides an easy way to piece all this information together from disparate data sources and have a holistic view of the subscriber – while providing complete data protection.

Interoperable Health Records

Establish Trust Between Entities

Enhance Administration Imperatives

Automate integration of valuable data usign Smart Contracts

Identify Fraud

Reduce fraudulent claims using Smart Contracts
Financial Services

Making Trust The Universal Currency

Blockchain brings new transparency, simplicity, and efficiency to every financial transaction. It builds greater trust for all stakeholders. Banks can transform financial guarantees with Blockchain - all stakeholders can have a single source of information that increases efficiency and reduces the potential for fraud using paperwork.


Using Smart Contracts, financial institutions can standardize rules and simplify global trading, thereby decreasing risk and increasing revenue generating opportunities. Smart Contracts can also help simplify and expedite small business loans, while ensuring the information remains secure.


Blockchain also can reduce the processing time for letters of guarantees to vouch for specified assets, while enhancing security through better encryption. 

Accelerate Operational Efficiency

Real-time, multi-party tracking of Letters of Credit, Bank Guarantees, and other docs.

Compliance Automation

Automated compliance processes using immutable data.

Speed up Settlements

Eliminate Friction in inter-bank transfers.
Retail / CPG

The Future of Retail is Here

Blockchain technology allows everyone to keep an eye on what is going on within a system, without giving any single person control over the information. Blockchain in retail is changing how suppliers and retailers earn consumer loyalty by building trust across the supply chain from source to consumer.


Blockchain technology’s immutability together with its ability to track and trace products provides key benefits to the Retail Sector – product provenance, prevention of counterfeit goods, improved customer identity & loyalty management, and a transparent supply chain.


Using blockchain technology, retailers can track their goods from the manufacturers and ensure that they are getting the authentic product every single time.

Product Provenance

Identification of Fake/Counterfeit goods

Customer Loyalty

Securing and Opening up Loyalty Programs to entice customers

Supply Chain

Support Fair Trade, improve transparency with vendors, and speed up payments.
Smart Cities

Driving Smart City Development

Smart Cities are experiencing growth in urbanization and must reduce public budget, especially after experiencing the economic downturn caused by COVID-19. The future of the planet will be fundamentally urban as current trends show that people are relocating to cities en masse.


City governments must look at innovative technologies to solve some of these challenges. With features such auditability, transparency, immutability, and decentralization Blockchain can empower Smart Cities – prioritizing local commerce, improving public transit, better land and property management, energy & pollution management, and more.



Blockchain allows city management to be distributed among all parties involved. It is a key to solving various sociodemographic problems that are on the rise and it can help a city understand its residents’ needs and priorities to make informed decisions.

Urban Planning

Foster greater community participation and reduce administrative costs.

Departmental Transparency

Provide a single source of secure, verified information to avoid misinformation.

Rewarding Citizenship

Empowering Citizens to influence decisions and encouraging data sharing.

Blockchain Technology Stack

Created by potrace 1.15, written by Peter Selinger 2001-2017
Ethereum
Ethereum is a decentralized platform and the first to run smart contracts for Blockchain applications.
Created by potrace 1.15, written by Peter Selinger 2001-2017
Hyperledger
Hyperledger is a collaborative effort created to advance cross-industry Blockchain technologies.
Created by potrace 1.15, written by Peter Selinger 2001-2017
Corda
Corda is a blockchain and smart contract platform.
Created by potrace 1.15, written by Peter Selinger 2001-2017
Solidity
Solidity is an object-oriented programming language for writing smart contracts.
Created by potrace 1.15, written by Peter Selinger 2001-2017
Neblio

Neblio is a secure, distributed, platform built for enterprise applications and services.  

Created by potrace 1.15, written by Peter Selinger 2001-2017
Kotlin
Kotlin is an OSS statically typed programming language that targets the JVM, Android, JavaScript and Native.
Created by potrace 1.15, written by Peter Selinger 2001-2017
C#
C# is a general-purpose, multi-paradigm programming language that is being used for Blockchain applications.
Created by potrace 1.15, written by Peter Selinger 2001-2017
Java
Java is a general-purpose programming language that is class-based, object-oriented, and specifically designed to have as few implementation dependencies as possible
Blockchain as a Service
We work with the following BaaS platforms

Blockchain Expertise for Leading Enterprises

Blockchains will do for networks of enterprises and business ecosystems what Enterprise Resource Planning (ERP) did for the single company. Blockchain can integrate information and process within and across enterprise boundaries and has the potential to streamline and accelerate your business processes, increase protection against cybersecurity, and reduce or eliminate the roles of intermediaries.


Xenolytix can help put Blockchain at the center of your digital transformation. Our team of technology and industry domain experts work with you to explore, envision, establish, and evolve your solution. 

LET'S DISCUSS

Blockchain FAQ

Got a question? We’re here to help.

  • How does Blockchain work?

    Blockchain technology is like the internet, which relies on a decentralized network rather than just a single server. It uses a decentralized, or distributed, ledger that exists on a host of independent computers, often called nodes, to track, announce, and coordinate synchronized transactions. Each node in the decentralized blockchain constantly organizes new data into blocks, and chains them together in an “append only” mode. This append-only structure is an important part of blockchain security. No one on any node can alter or delete the data on earlier blocks—they can only add to the chain. That the chain can only be added to is one of the core security features of blockchain.

  • What are Smart Contracts?

    Smart Contracts are digital contracts stored on a blockchain that are automatically executed when predetermined terms and conditions are met. They are expressed as a piece of code that is designed to carry out a set of instructions.


    Dapps, or decentralized apps, are essentially a series of linked smart contracts that people can interact with.


  • What are NFTs?

    NFT stands for non-fungible token. Non-fungible means that it is unique and can’t be replaced with something else. A $10 bill can be exchanged for two $5 bills. One bar of gold can be swapped for another bar of gold of the same size. Those things are fungible. An NFT, though, is one of a kind.

    NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art.


  • What is the difference between DLT and Blockchain?

    DLT stands for Distributed Ledger Technology. A distributed ledger is merely a type of database spread across multiple sites, regions, or participants. Blockchain is just one type of distributed ledger. Although blockchain is a sequence of blocks, distributed ledgers do not require such a chain.

  • Is Blockchain secure?

    Blockchain technology accounts for the issues of security and trust in several ways. Blockchain transactions are secured by cryptography. Each transaction is signed with a private key and then can be further verified with a public key. If transaction data changes, the signature becomes invalid. As a result, the block is ignored and won't make it to the chain. It has proven to be a powerful technology for protecting the integrity of vital information.

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