Menu
audit

BLOCKCHAIN use-case

Immutable Audit Trail

Learn how blockchain is used for creating immutable audit trail of transactions.Timestamping Proof of what, when and how. History of transactions on an immutable ledger.

Get a 30 mins free and unbiased consultation with our blockchain experts!

audit-color

Immutable Audit Trail

As part of the cybersecurity and risk Management of software solutions, one of the most basic needs is maintaining the "audit trail" of each and every transaction that happens in the software. Most software solutions that have an audit trail facility store the trail in relational databases - which can easily be altered, leading to lack of trust in the process.

Due to this companies have to maintain manual/printed records and there is a pertinent need of third party auditors that have to physically audit transactions of a business - resulting in an inefficient, time consuming and expensive exercise.

Storing the audit trail of transactions on a blockchain gives "timestamp" proof of what happened, when and how. This makes sure that the history of transactions is available on an immutable ledger which if required can be fetched at any point in time for the purpose of audit.

EXPLORE BLOCKCHAIN USE CASES

We established a Blockchain Centre of Excellence in 2016. Our team has continuously focused on using blockchain to tackle key challenges of industries like BFSI, Agriculture, Aviation and Governments.

P2P Insurance Mutual

Bringing back insurance in a very cost efficient way by allowing individuals to form groups that can share risk at affordable costs.

Aviation Supply Chain

Single Version of Truth for OEM, MRO, Aircraft, Airline & Aviation Authorities efficiently reducing operating costs & layover times.

Subsidy Distribution

Public Distribution System with assured and accurate end utilization enabling transparency, Traceability & Standardization.

Crisis Fund Distribution

A global common ledger for raising, allocating & distributing aid, donations and grants during times of crisis.

P2P Energy Trading

Blockchain platform for P2P energy trading with turing complete solar panel meters and bidding system.

Invoice Discounting

A DLT solution for Banks, Manufacturers and their Vendors to majorly reduce processing timeframes.

Immutable Audit Trail

A DLT solution for moving ahead of RDMBS implementations to store Trail data on an immutable, trusted ledger.

Tokenized Fund Transfer

Domestic Fund Transfer on Blockchain for emerging markets to tackle Inclusion without last-mile bank branches.

Bank Reconciliation

A DLT solution for bank reconciliation eliminating an age-long of different statement formats of different banks.

Speak with our blockchain experts!

Schedule a free 30-min call with our team of blockchain aficionados! Trust me, you won’t be disappointed :)

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.