Blockchain (Digital Ledgers)

The blockchain is an incorruptible digital ledger that facilitates the process of recording transactions and tracking assets in a business network. Assets can be tangible like cash, houses, and cars or intangible like intellectual property, such as patents, copyrights, or branding. Bell.One offers a new generation of transactional applications that establish trust, accountability and transparency – from contracts and deeds to payments.

Bell.One™ offers new opportunities for transaction enablement allowing businesses and financial institutions to operate on a distributed ledger.

Use cases

DIGITAL CONTENT PROTECTION & MONETIZATION

Bell.One proposes to use the blockchain technology as a tool to manage and store copyrights on a decentralized ledger and easily track transactions associated with any digital content from music to pieces of art.

  • Transparent and immediate revenue stream
  • Direct relationship between creators and consumers

DIGITAL BOND

To streamline the processes of transferring bonds Bell.One proposes to create an infrastructure based on distributed blockchain technology where users can create, buy, sell, and settle their portfolio of bonds.

  • Creates data consistency, unification and manageability across different institutions
  • Ensures comprehensive, ordered, accurate, immutable historical ownership data
  • Secures sensitive information through unique hardware configuration
  • Distributed records combat monopolies and yields transparency and trust

SUPPLY CHAIN MANAGEMENT

Supply chain management based on blockchain technology is applicable for companies that have complex supply chains and track the movement of high-value goods. Blockchain can help not only to speed up supply chains, but also to add greater intelligence along the way.

  • Can create an immutable digital transaction record.
  • Provides trust between stakeholders and the necessary transparency.
  • It is considered the best solution for tracking the security and authenticity of goods as they move through the supply chain - the entire path of transformation: from primary raw materials to the time the finished product is sold to the consumer.
  • By transferring all transactions in the record to the unit, you can generate time and savings.

Key Features

  • Information held on a blockchain exists as a shared – and continually reconciled – database. The ledger is shared, updated with every transaction, and selectively replicated among participants in near real time.
  • The blockchain platform’s existence does not depend on any individual entity as it is not owned or controlled by any single organization.
  • Blockchain’s security features protect against tampering, fraud, and cybercrime. If a network is permissioned, it enables the creation of a members-only network with proof that members are who they say they are and that goods or assets traded are exactly as represented.
  • For a transaction to be valid, all participants must agree on its validity.

Benefits

  • Time saving. Transaction time for complex, multi-party interactions is slashed from days to minutes. Transaction settlement is faster, because it doesn’t require verification by a central authority.
  • Cost reduction. A blockchain network reduces expenses in several ways:
    • Less oversight is needed because the network is self-regulated by network participants, all of whom are known on the network.
    • Intermediaries are reduced because participants can exchange items of value directly.
    • Duplication of effort is eliminated because all participants have access to the shared ledger.
  • Security. With no central point of failure and secured using cryptography, applications are well protected against hacking attacks and fraudulent activities.
  • Transparency. Participants know where the asset came from and how its ownership has changed over time.