Enterprise IT Solutions
IT is a science, service is an art
  • tel UK+44 (0)1235 537391
  • tel US (650) 590 5448
  • HomeHome
  • TermsTerms
EFFICACITY We're Open Seas. A technology consulting firm founded on years of industry experience, strategic vision, and an obsessive commitment to customer service.

Open Seas are specialists in business systems from around the world. As a bridge between customers and suppliers, we aim to find the best technical solutions to meet your business needs. We have the ability to offer software that meets your exact requirements, we offer solutions to best fit your needs.
SIMPLICITY No call centres or telephone mazes. Just simple direct access to people who can actually help you. Our network of suppliers and resellers, backed up by our own team of experts and experience, will help to keep your systems up and running.

With 25 years experience, we ensure your software is valuable to your business
- helping improve performance, efficiency, quality, and of course profitability.
  • Open Seas (UK) Ltd The Old School House, The Causeway, East Hanney Oxfordshire OX12 0JN United Kingdom
  • +44 (0)1235 537391 or USA (650) 590 5448
  • +44 (0)1235 535168
  • or
  Back to Posts

Blockchain, cryptocurrency and Bitcoin for businessess -

What is Blockchain and How Does it Work?


Blockchain may have an essential role in validating cryptocurrency payments, but itís potential is far greater. Essentially a digital ledger, blockchain records transactions and stores data in "blocks" which is then linked to previous records using the encryption technique of cryptography.


To further improve security, this digital ledger is stored on thousands of computers across the globe simultaneously. As multiple copies exist, itís impossible to change or alter data once it is entered into the block.


Sage guide to blockchain



Applications of Blockchain


The high-level of security provided by blockchain makes it perfect for supporting a whole range of digital platforms - not just cryptocurrency. Today, itís used to bypass third-parties to create smart contracts, to quickly and cheaply send money internationally and process payments, and even to improve online security by using cryptography rather than passwords to allow individualsí access.


Blockchain also has the potential to improve security for voting, private medical records, and significantly disrupt industries. Over the next few years, itís expected that blockchain will become mainstream as itís integrated into more of our digital technology and used by more businesses.


Learn more about Blockchain, Cryptocurrency, and Bitcoin with Sageís in-depth guide.

Based on a blog article by Stacey McIntosh for Sage looking into the use of cryptocurrencies for 'normal' businesses

Created On  24 Sep 2018 12:15  -  Permalink


No comments available

Leave a Comment

Comments are moderated, and will not appear on this blog until the author has approved them.
Name and email address are required. The email address will not be displayed with the comment.
Your comment
Name *
Email *
Website URL