Blockchain is one of the most important factors concerning the value propositions of decentralization and distribution inside the ecosystem where it exists.
TransferChain reinforces the privacy, confidentiality, and security of its products and services by utilizing the inherent value propositions of blockchain technology, such as transparency, prevention of data manipulation, and the potential for decentralization.
Blockchain is used to store summarized information regarding the process management of the stored and/or transferred data by the data owner. It manages processes such as data ownership, and authorization of data access, and enables decentralized decision-making flexibility beyond the capabilities of a centralized database
The blockchain architecture in place has a unique structure that is not dependent on any other blockchain architecture and is tailor-made according to specific needs. This approach, which is permissioned but supports the participation of multiple actors in the network and allows organizations other than TransferChain to participate, is designed with a view to combining the distinctive benefits of centralization and decentralization into a single solution.