Blockchain for Communication Systems

Communication systems are key to modern economies. The instant transfer of information powers social interactions, commerce and many of the world’s most popular technology platforms.

Problems that Communication Systems Face Today

Data Loss

Communication systems can often suffer from data loss. Valuable records of communications can be unrecoverable. This occurs when information is not stored securely and cannot be retrieved.

Privacy Breach

Privacy is a major priority in communication systems. Private communications must be stored securely and easily. If data is not secured it can easily be hacked and security can be breached.

Lack of Collaboration

Communication systems often exist in silos. Huge amounts of value can be stored across organizations without transparency or collaboration.

Solution: Blockchain Technology

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Secure Communication Storage

Secure Communication Storage

Communication data that is stored on the blockchain is extremely secure and easily accessible. Communication data that needs to be stored securely can be done so through the blockchain.

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Private and Encrypted

Private and Encrypted

Blockchain allows encrypted information to be added to a distributed ledger. This level of security adds major advantages to communication systems.

Audit

Collaborative

Collaborative

A blockchain is a distributed ledger. Any member of an organization who has access to this ledger can easily see information stored and shared.

Advantages that Blockchain can Provide

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Immutable

Immutable

Communication and data added to the blockchain is immutable. This means it can only be added and never removed or rolled back. This ensured high levels of transparency.

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Secure

Secure

A blockchain is highly secure. As it is a shared ledger among many parties, data stored on the blockchain is preserved even if multiple parties lose their copy of the ledger.

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Private

Private

Privacy is key for blockchain technology. It uses the highest standard encryption to ensure messages and data cannot be accessed by outside parties.

by Gauthier Vila