Our blockchain technology is a hybrid cloud solution that combines blockchain with the scalability and ease-of-use of a classic database. This ensures that the Orixe blockchain has low energy consumption while maintaining high efficiency.
A traditional blockchain is a form of distributed data storage. Here, information is stored as an independent block, before being distributed to all the individual users of a network. These blocks of information are then tied together through unique mathematical numbers. The effect is that the newest block is always verified by the number relating to the block before it. In this way a chain of blocks are created, or a blockchain. New blocks always receive new unique mathematical numbers, that link them to former ones. This has many impacts on data security. Notably, new blocks are hard to fake, as they must be verified by all the former blocks in the network. Tampering becomes impossible, as making edits to a block could invalidate all blocks after it. This ensures that the data is immutable.
Our blockchain technology is a hybrid cloud solution that combines blockchain with the scalability and ease-of-use of a classic database. This ensures that the Orixe blockchain has low energy consumption while maintaining high efficiency.
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