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.
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.