The IQONIQ Blockchain is the deecentralized network that facilitates the transaction on a real-time basis with visibility on the documentation on a real-time basis as well. The distributed ledget technology makes the documents sharing more transparent and secured. The transactions which involved a lot of trusted parties and documents can be transacted Blockchain technology.
IQONIQ Blockchain works on a decentralized network. A decentralized network consists of peers that can run independently of each other. The power to transmit information is distributed among a network of servers, instead of being driven from one primary source.
This means that the IQONIQ Blockchain is independent of multiple entities and work on a single entity. The idea is to have as many independent servers participate in the network as possible so that the network will still run successfully even if some servers fail.
The ledger within IQONIQ Blockchain records lists of all the balances and transactions in a similar way to that of the traditional ledger. A complete copy of the individual ledger is hosted on each server that runs IQONIQ Blockchain. Any entity can run the IQONIQ Blockchain server. The servers all together form a decentralized network, allowing the ledgers to be distributed as much as possible.
De-coupled web service & Multithreaded Response supporting 100000 concurrent service executions per second
Multiple nodes supporting Horizontal Scaling
Caching enabled on the request node.
AES-256 Encryption support with MD5 for data decryption.
Exchange maintains the Private & Public keys with Oracle in separate instances.
FBFT (Forward Byzantine Fault Tolerance) Algorithm
The challenges in the current market scenario, especially in disruptive technology, can be addressed with IQONIQ Blockchain, the Blockchain technology platform on which IQONIQ Remit, the remittance product operates.