Technologies

Blockchain

We build highly usable blockchain applications with all the technicalities incorporated into them. It help clients in maintaining a huge data placed at different servers so the whole system is decentralized. While making sure security of the data is done in the best way possible.

Syntaxbay Blockchain Services

Syntaxbay can provide you the right staff to made such apps. Now let's us see how blockchain technology is help changing our lifestyle. Below are some industries that have significantly benefited from blockchain application.

Financial

Blockchain technology or Distributed Ledger Technology can dramatically improve financial industry by sharing data in an efficient, secure, and transparent manner. Direct cash from banks to banks help reduce paper money transfer. Digital cash transaction help smooth cash flow in B2B and other transactions.

Government

It will help building trust among government and citizen. Transferring and sharing data of citizen, securing data, and avoiding any kind of frauds are a few benefit of blockchain technology in the government sector.

Healthcare

One best implication of blockchain technology is in the health sector. Patient can easily monitor their health records. Also their health data will be shared in a secure and transparent way to their providers. Health portals help patient in scheduling their next appointment with their primary care providers.

Identity

Blockchain identity concept will reshaped the way world is working now. Right now our information is centralized as their is one password for each of our accounts whether social or in banks. Which is vulnerable to hackers who will get all the information stored in our private accounts. Identity theft is also one of a big concern with a centralized system. Asymmetric cryptography or public/private key system will allow user to own their private information while distributing a public key for their specific private key. It would be like two keys for a bank box, one key that the manager keeps and second the owner.

Insurance

It will significantly reduce monopoly of various stakeholders in the healthcare, especially insurances. Smart contracts will help stremlining the whole claim processing. There will be less number of intermedieries in processing the claim. The traditional paper work of filling claim will be reduced by this technology.

Real Estate

Blockchain technology will revolutionize the real estate industry by providing secure and transparent transfer of payments, escrow, and titles among the different entities. Also people can avoid traditional pen and paper contracts replaced by smart contracts that would increase the speed of transactions.