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Over time, digital users are increasingly influenced by non-transparent data tracking procedures and inaccurate information and are often unaware of it. This lack of transparency in the traceability of data is more important for companies because they rely heavily on these data to make important financial decisions.
In case of data inaccuracy, companies can suffer severe fines, loss of shareholder confidence and wrong decisions. Intrachain is an effective solution that aims to solve these important shutdown steps involved with user behavior data.
Intrachain: protection and strengthening of digital privacy
Intrachain has developed the world's first process mining software, which is integrated with blockchain technology. It plans to simplify data collection, reduce transaction costs, eliminate human errors and optimize the overall quality of the database. The platform started selling tokens on December 3, 2018 and will last until December 30, 2018.
In order to obtain a better analysis of data traces, the Intrachain mining process generates complete data on user behavior. The collected data are then transmitted to Intrachain Blockchain where the data is stored securely and transparently in a private blockchain.
How does Blockchain work?
One of the main advantages of this transformation technology is that it eliminates the inefficiencies associated with transaction processing. In fact, the technology continually overcomes many database solutions because it is not stored in a centralized location or managed by a single unit. Blockchain is a decentralized and automated system that strengthens the Intrachain platform offering the following advantages: –
1. Optimized data security
Currently, it has become imperative to ensure users that their vital data is safe and secure, and used for legitimate purposes. This guarantee is what generates trust between users and online entities. Conventional ERP systems that manage data security are not adequate enough to provide users with optimal data security. However, blockchain offers a distributed and encrypted data storage in dependent blocks, completely eliminating the possibility of data errors.
2. Automated processes
Transactional data is stored in a distributed external database, which ensures that the process is performed automatically and in real time. Moreover, without human interference, it guarantees that no data is lost and every process is documented. Blockchain allows people to perform automated transactions while offering maximum transparency to both the sender and recipient.
3. Smart contracts
To authenticate transactions, blockchain offers a reliable tool, referred to as an intelligent contract. An intelligent contract is basically an electronic contract that establishes the premises of a particular transaction. It also ensures that all predetermined agreements of a given contract are met before any transaction is processed. This further strengthens the reliability and security of the overall transaction.
4. Low transaction costs
Blockchain achieves cost reduction in many ways, including
- Reduces labor costs as it is not necessary to manually enter data into various systems.
- There is automated processing of reconciliation of accounting documents within the smart contract, which eliminates the need for a third party.
Sale of tokens
The platform started selling tokens on December 3, 2018, which will continue until December 30, 2018. Currently, Intrachain has offered 109,722,222 ICT tokens for public sale and the soft cap is valued at 3 million euros.
Intrachain: offers unprecedented data security
To summarize, Intrachain is a blockchain-based software that collects data in an information system and stores it via a secure, tamper-proof mechanism. Moreover, being a blockchain-based platform, the integration of the intelligent contract allows the automation of accounting processes and further reduces the time and optimizes the efficiency of these transactions.
For more information, visit https://www.intrachain.io/
Facebook: https://www.facebook.com/Intrachain-2072954366326228/
Linkedin: https://www.linkedin.com/company/intrachain/
Twitter: https://twitter.com/intrachain
Medium: https://medium.com/intrachain-insights
Youtube: https://www.youtube.com/channel/UCV7MoM3EurKqaTvJa_Y2J1g
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