Impleum is a powerful and scalable path to develop decentralized applications (DApps). DApps use the decentralised capabilities of blockchain technology and a layer of powerful service nodes to route information. Integration of the blockchain is the deployment of the network node and setting up its connection with the DApp through a documented API. The core of Impleum platform is an object-oriented programming language C# with a huge developer community.
Summary
A blockchain is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a merkle tree root hash).
By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been claimed with a blockchain.
Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin.The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications, and blockchains which are readable by the public are widely used by cryptocurrencies. Private blockchains have been proposed for business use.
Bitcoin ultimately made its first appearance in 2009, bringing together the classic idea of the mutual distributed ledger, the blockchain, with an entirely digital currency that wasn’t controlled by any one individual or organization. Developed by the still anonymous “Satoshi Nakamoto,” the cryptocurrency allowed for a method of conducting transactions while protecting them from interference by the use of the blockchain.
Blockchain can be used for a much broader range of assets than just cryptocurrency: tangible assets such as cars, real estate and food products, as well as intangible assets such as bonds, private equity and securities. DApps based on Impleum platform can use blockchain to track the provenance of goods to minimize fraud, document tampering and double financing and etc.
The advantages in terms of costs, transparency, immutability, security and confidence that are characteristic of blockchain solutions mean that financial businesses, government departments and other organisations are exploring applications of all kinds with a view to delivering services more profitably and efficiently. However, reliable deployment of a new blockchain fit for purpose entails extensive overheads in terms of network infrastructure, development, security and ongoing maintenance. Moreover, use of an existing blockchain (such as Bitcoin) comes with numerous problems for a mainstream business, not least because users have no control over blockchain features or future development.
An attractive model for blockchain service provision exists in cloud computing. Cloud services may be tailored according to the needs of the organisation and infrastructure, platforms and software provided as services via web interfaces – without businesses having to take on the maintenance of these themselves.
Impleum will take a similar approach to blockchain deployment, enabling organisations to provision their own private blockchains, tailored to their precise needs but secured on the parent Impleum chain. This approach means there are few unnecessary overheads whilst allowing businesses to secure the benefits of a blockchain-based solution, developing services via powerful APIs and lite web-based clients.
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