keto empowers business

Enterprise

Keto public blockchain focuses on bringing enterprise grade features such as privacy and security to the public space. These features were formally only available on private blockchain implementations.

dream big

use cases

Streamlined supply chains, Building decentralized apps, Simplifying the Internet of Things, Fortifying identity management, Forming smarter predictions

Streamlined supply chains

Global commerce has grown unevenly, more as a reaction to changing needs than an organized expansion. This dynamic has also made supply chains needlessly convoluted, with manufacturing activity taking place across the globe and transparency between suppliers oftentimes nonexistent. For suppliers, warehousing, and even logistics providers, prioritizing accountability is not only popular, but essential when considering the countless moving parts involved.
Blockchain is perfectly suited to the task at hand, with real-time tracking that’s especially appealing to companies with multiple supply chains. Major multinational retailer Walmart has partnered with IBM to work on the Hyperledger Fabric blockchain, for example, to track food staples from supplier to shelf. Proper implementation of the ledger could also prove valuable for pharmaceutical giants, which are required by law to maintain the chain of custody over every pill.

With Keto’s public blockchain companies will be able go beyond the confines of an organisation and track goods on a truely global and transparent scale. This will enable the development of revolutionary business modules and products.

Building decentralized apps

One of the biggest changes blockchain offers developers is the ability to build decentralized applications (or dApps) that circumvent many problems they have today. Originally created using the Ethereum ERC-20 chain, dApps offer a truly decentralized platform that inherits many of the benefits blockchain provides, including greater democratization, peer-to-peer interactions, and a fully trustless protocol based on consensus. The biggest difference, however, is the way data is stored and accessed. Unlike traditional apps where data is centralized in one location, dApps store transaction and other data directly on blockchain’s distributed ledger, which removes single points of failure and makes for more transparent operation.

Even so, Ethereum is starting to run into serious problems due to its difficulty scaling for massive userbases. The ability to build better dApps and do so faster is vital for blockchain, and businesses looking to integrate it. By simplifying the dApp process, companies can more quickly reach market with better products. 

Keto solves all of these problems and provides complete privacy. It does this through the introduction of POB (Proof of Behavior), thus enabling the network to scale horizontally for the first time and introducing private side chains. Thus Keto provides Dapps with near real time speeds and horizontal scalability, with the added benefit of storing their data in complete privacy on their own side chain.

 

Simplifying the Internet of Things

The Internet of Things represents one of the major pillars of greater automation efforts. Connected ecosystems that can record, process, and share interactions are instrumental in building smarter cities and supporting the coming autonomous vehicle revolution. Blockchain means that the infrastructure has finally caught up with modern IoT capabilities.

Distributed ledger technology can record the immense amounts of data produced by IoT systems in a trustless fashion and transparently analyze data points to produce valuable insights. Thanks to its identification, verification, and data transfer abilities, blockchain is perfectly suited for hosting IoT devices for both public and private sector use cases.

In the public sector, IoT devices can be used to improve infrastructure management and upgrade municipal services such as taxes. For private businesses, blockchain-based IoT offers better logistics and warehousing tracking, as well as enhanced data on performance and efficiency.

 

Fortifying identity management

The expansion of the internet has coincided with a rapid rise in identity theft and fraud.  In 2017 alone, 2.6 billion records were lost, stolen, or exposed across the globe according to data collected by the Breach Level Index, with identity theft alone accounting for 69% of all data breaches. Even improving security has not been enough to counter evolving threats. Thankfully, blockchain’s immutability and engrained authentication tools are ideal for preventing identity theft.

Using blockchain for identity verification gives a new dimension to security, removing verification bottlenecks and providing more accurate results. For instance, Civic’s Secure Identity Platform (SIP) is designed for multi-factor authentication without the need for passwords or usernames and relies instead on biometric information verified by the blockchain ledger.

Each user goes through an identity check, creating a verifiable user ID that has been validated.  From there, partnering organizations like banks or governments can review a user’s personal identifying information in an encrypted format.

Blockchain holds the key to many forms of disruption across industries, sectors, and activities. Whether via more accessible data intelligence and predictive capabilities or better educational tools, blockchain-based services display immense potential thanks to transparency and a revolutionary take on consensus-building.

Forming smarter predictions

Because all transaction data is stored directly to the ledger, blockchain-based business intelligence and analytics tools are more capable than ever of scraping massive amounts of data and uncovering hidden insights. Some have already started applying the concept for practical needs. For instance, by using natural language processing–the equivalent of typing in a question or query—blockchain-powered AI platform Endor uses predictive analytics capabilities to deliver answers in real-time. With their predictions protocol, individuals and businesses can tap into available public data sets or use it privately for their own projects.Users can spend coins to access the predictive capabilities of the ecosystem while data providers, predictive engine providers, and application developers are rewarded for their contributions. The ecosystem is designed to deliver accurate forecasts, putting predictive capabilities in the hands of consumers and smaller private enterprises.

Close Menu
×
×

Cart