Blockchain for Everyone
ITAMCO is harnessing this emerging technology and working to make it accessible to everyone.
Blockchain in its simplest form is digital information divided into blocks and linked together in an unchangeable way to a public or private peer-to-peer network.
How Blockchain Works
1. Transaction
Someone wants to make a transaction
2. Block
The required transactionis digitally representedas a block
3. P2P Network
The transaction is broadcastto a P2P network consisting of nodes
4. Validation
Using algorithms, the node network validatesthe transaction and user’sstatus
5. Block
Once verified, the transaction iscombined with others tocreate a new ledger block
6. Blockchain
The new block is added to the "chain"in an permanently, unalterable way
7. Complete
The transaction is complete
Case Study
Secure Blockchain Messaging
ITAMCO and the Center for Research Computing at the University of Notre Dame received a grant from the Defense Advanced Research Projects Agency (DARPA) to developed a secure, unhackable messaging and transaction platform for the United States military. The results of that grant was the founding of SIMBA Chain. SIMBA Chain has grown into a cloud-based, Smart-Contract-as-a-Service (SCaaS) platform, enabling users across a variety of skill sets to implement decentralized applications.
Blockchain in Action
Tracking Production with QuPiD
QuPiD is custom-made software developed by ITAMCO to more efficiently monitor the production process. The software has recently been updated to write all transactions to a blockchain to ensure the date remains accurate, immutable, and traceable.
