What is a Blockchain?
A blockchain is a decentralised, distributed digital ledger that records transactions across multiple computers. This innovative technology ensures that transaction data is secure, tamper-proof, and easily verifiable. By design, blockchains are resistant to data modification, which means that once a record is added, it is nearly impossible to alter it.
We are committed to revolutionising the world of Enterprise Resource Planning (ERP) software by leveraging the power of blockchain technology. We understand the immense potential of blockchain to enhance transparency, efficiency, and security for businesses. That's why we run nodes on various blockchains and have been voted as an Ark Delegate, ensuring our clients receive the most innovative and effective ERP solutions.
How can a blockchain enhance ERP software
Integrating blockchain technology into ERP software can bring numerous benefits to businesses, including:
Increased transparency: With blockchain, all transactions are recorded on a public ledger that can be accessed by anyone within the network. This increased visibility can improve trust and collaboration among stakeholders.
Enhanced security: Due to its decentralized and encrypted nature, blockchain technology can help protect sensitive data from unauthorized access and potential cyber threats.
Improved traceability: Blockchain allows for real-time tracking and verification of transactions, making it easier to monitor and manage supply chain processes, asset management, and financial transactions.
Reduced costs: By automating processes and eliminating the need for intermediaries, blockchain can significantly reduce operational expenses and transaction fees.
Why do we run nodes?
At Provolve, we believe in harnessing the full potential of blockchain technology to deliver next-generation ERP solutions. Running nodes on multiple blockchains allows us to:
Stay up-to-date with the latest developments in the blockchain ecosystem.
Access a diverse range of decentralized applications and services.
Provide our clients with the most robust, secure, and efficient ERP solutions tailored to their specific needs.
Contribute to the growth and stability of various blockchain networks.
Delegated Proof of Stake (DPOS) is a consensus mechanism used by some blockchain networks to maintain security, validate transactions, and create new blocks. In DPOS, network participants vote for a specific number of delegates who are responsible for validating transactions and maintaining the network. These elected delegates are also incentivised to act honestly and efficiently to maintain their position in the network.
In 2018, Provolve was voted by the ARK community to actively participate in the network's consensus process. This recognition highlighted our dedication to providing top-notch ERP solutions, contributing to the growth of the blockchain ecosystem, and ensuring the highest levels of security and efficiency for our clients.