In the early days of Project Verte, we realized that to simplify the e-commerce process, we would need to provide powerful, streamlined information tools for businesses. From manufacture to fulfillment, various parties must share information at multiple points along the supply chain. How could we simplify how this data was shared? How could Project Verte’s infrastructure support this new approach?
Our team looked toward blockchain technology, as its peer-to-peer structure is well-suited for sharing assets. However we found the existing networks were not built for such large data loads. The answer was to build our own blockchain: VerteChain. The VerteChain network is the foundation of our full circle e-commerce solution—we think of it as Project Verte’s operating system.
VerteChain’s core purpose is to improve how modern businesses manage information and communicate with one another. One main feature of blockchain technology is its potential to reduce the cost of trust. When trust puts less strain on time and resources, businesses operate smoothly, collaborate easily and grow with confidence.
Through innovations in blockchain architecture, data compression and user experience, the community-powered VerteChain platform makes these advantages a reality across a full range of industries where reliable, seamless and secure data management is a must.
Below we explore three attributes that make VerteChain an essential service for growing businesses:
VerteChain is Flexible and Scalable
All businesses regardless of size need solutions that are capable of growing along with them. VerteChain is designed to be adaptable and scalable to meet needs and they evolve.
Flexibility is one of VerteChain’s key characteristics. In order to serve businesses of different shapes and sizes, VerteChain uses a proprietary compression algorithm to reduce the data load on the platform. All essential data files for a business, from financials to inventory to multimedia, are compressed through our proprietary algorithm. This reduces file sizes so that the node stays reasonably sized for all participants on the VerteChain network.
VerteChain’s unique architecture, combined with compression, keeps the platform sustainable while scaling. Even with the large data loads and a high volume transactions typical in e-commerce, VerteChain’s core grows incrementally. The key to this sustainable architecture are sidechains outside of the core chain. Information related to decentralized applications, data management or another business functions are stored on these sidechains in a highly compressed form. The core chain, therefore, only holds the primary ledger, rules and permissions for the platform while heavier data lives on the sidechains.
This architecture makes VerteChain a viable solution for a wide range of businesses and use cases. For instance, e-commerce retailers can improve information flows by managing inventory and supply chain through VerteChain while real estate companies and banks can streamline title searches and approvals through smart contracts.
VerteChain is Open
With its unique architecture, VerteChain provides businesses with a platform for managing digital assets that does not sacrifice transparency for security. On VerteChain, the blockchain is divided into two layers: public and private. The platform handles sensitive, confidential and internal information on the private layer while all other transactions live on the public layer.
This two-layer architecture makes VerteChain a feasible solution for banking, insurance and financial sectors where certain information must be viewable only by a select few. Although the the private layer is permissioned, both private and public layers live on the same blockchain. In this way, the entire platform exists on one decentralized, transparent network.
VerteChain is also open in its approach to growing the network. Any user (business or individual) has the ability to deploy a VerteChain instance on a local computer and/or virtual private server (VPS) to become part of the Vertechain network.
For users on the network, theVerteChain platform provides a basic infrastructure, set up like an operating system, that allows businesses to build decentralized applications (DApps) to meet their needs. Participation on VerteChain grants users access to shared data and applications throughout the network. Open information and free application development encourages a self-sustaining community based on innovation and shared knowledge.
VerteChain is Secure
VerteChain’s security structure is multifaceted. On the highest level, VerteChain uses a private class library to protect the platform against cyberattacks. These responsive protections ensure the integrity of the decentralized system as whole.
Additionally, all low level data on the platform is encrypted with 2048 bit keys. All information, from sensitive personal data to valuable IP to public records, is protected by sophisticated encryption that guarantees its safety.
VerteChain offers a flexible, accessible and secure asset management platform that can workflows for businesses across industries.
To learn more about VerteChain and request information on how VerteChain can power your business, click here.