With the Internet and blockchain, everything is changed. It’s the future of content.
– Michael Caputo
Why OneChain Consortium Blockchain?
Security and Privacy
The information on the blocks is permission-based. It is private and only identified users can access it, ensuring high security. Read and write access can be controlled by the predetermined nodes across multiple industries and brands. It builds high levels of confidence and trust for OneChain platform clients.High Scalability
Scalability refers to the ability of a blockchain platform to support increasing load of transactions and nodes in the network. The consensus is reached by a relatively small number of nodes in accordance to the governance scheme. The reduction of complexity in the consensus protocol leads OneChain directly to better scalability and faster operations.High Efficiency
OneChain Consortium blockchains optimize the usage of the network. We are able to reach throughput on the order of 1,000 transactions per second, when public blockchains can transmit only up to 2,700 transactions per 10 minutes.Free Gas & No Crypto
In OneChain consortium, network participants run the validators and do not require gas as an incentive and do not need cryptos to work on blockchains as we work on the system of tokenisation.This would bring convenience and easy application for corporates who might encounter difficulties in compliance/ regulatory if any crypto involved blahblahb.Cost Effectiveness
The OneChain Consortium platform is autonomous and it limits the intervention of intermediaries, hence lowering the cost of authenticating each transaction.Sustainability
The OneChain consortium network is highly sustainable. The Proof-of-Authority type of consensus does not require much energy. Nonessential data mining directs the exclusive use of energy for routine computer operations only.Permissionless
The public ledgers are permissionless, so anyone can access them. Although it can be seen as more transparent, they can attract malicious people using the platform for illegal activities because of the anonymous nature.Low Scalability
Since any individual can access and request a transaction or record, the platform takes time to process each request. The more the users are on a blockchain, the more it burdens the network with more transactions. Hence, public blockchains take up much less transactions.Slow Efficiency
Public blockchain platforms deal with scalability issues, they slow down since there are many participants accessing the ledger in real-time; therefore, public blockchain is less efficient compared to permissioned blockchain platforms.Gas Fee and Cryptocurrencies
Crypto and gas fee is required to access the blockchain, and therefore it brings additional costs and inconvenience to pass the regulatory processes for enterprises.High Transaction Cost
Public blockchain platforms generally have a higher transaction cost. In reality, there are a vast number of nodes on the platform, which slows down the performance. As a result, it takes a lot of time to respond to the requests. Thus, prices rise drastically.Energy Consumption
The decentralized structure of public blockchains drive a huge carbon emissions footprint. To verify transactions, public blockchains require computers to solve ever more complex math problems. This proof of work consensus mechanism is significantly consuming more energy.Single Industry
Private blockchains are permissioned blockchains controlled by a single organization.Scalability
As only a few nodes are authorized and responsible for managing data, the network is able to process more transactions. The decision making process is much faster because it is centralized.High Efficiency
One of the advantages of private blockchain is speed. Private blockchains have far fewer participants, meaning it takes less time for the network to reach a consensus. As a result, more transactions can take place.Gas Fee and Crypto-free
Network participants run the validators on their own. No gas fee would be required as an incentive and cryptos are also not required to work on private blockchains. This would bring convenience to enterprises and make their regulatory processes smoother.Cost Effectiveness
The platform is autonomous and it limits the intervention of intermediaries, hence lowering the cost of authenticating each transaction.Sustainability
Private blockchains dumped the power-hungry consensus protocols. These solutions use a voting-based consensus or other forms of algorithms that consume far less energy and are more sustainable in the long run.Where Branding meets Blockchain
OneChain offers consortium blockchain solutions and makes Web3 technologies applicable to any brands who are looking to elevate their customer experience.
With our expertise in data and digital IDs management, we strive to provide a trustworthy and sustainable Web3 ledger ecosystem.