Documentation of the Waves Enterprise blockchain platform¶
Waves Enterprise blockchain platform is a complex distributed ledger system that allows to build public and private blockchain networks for performing of tasks in corporate and public sectors.
What is blockchain?¶
Blockchain is a continuous consequent chain of linked blocks that contain some information. This chain is filled with new blocks. Process of generating of new blocks is defined as mining. Each block contains a hash sum of previous block data. This makes impossible to change content of any block after its broadcasting in the network, because it requires modification of all chain blocks at all nodes of the blockchain.
At the corporate level, the blockchain technology is used for development of distributed ledger systems. A distributed ledger system does not have a unified control center, its data are stored simultaneously at all nodes of a network. In order to update data, consensus algorithms are used that automatically confirm that all network nodes have the same data copy.
Such system allows to provide security of transferred data and resolve the problem of trust between network participants.
What is the WE blockchain platform designed for?¶
The Waves Enterprise blockchain platform allows to perform a wide range of business and public tasks:
Workflow speed-up due to authomatization of business processes and lower number of mediators.
Protection of data from external modification with the use of encryption and multi-level check of every operation within the network.
Business applications of any complexity due to wide opportunities of smart contract development and comfortable blockchain integration tools.
Achievement of mutual trust between participant of business workflow due to guaranteed acceptance of majority opinion in the de-centralized network.
Solutions based on the WE blockchain platform¶
Waves Enterprise has developed following services based on the WE blockchain platform:
Waves Enterprise Mainnet - the basic Waves Enterprise blockchain network.
Voting - a blockchain service for organization of electronic voting. It allows to conduct fully fraud-protected transparent surveys, corporate polling and plebiscites.
Data oracles - a service for secure redirecting of data required for business applications and smart contracts from external sources to the blockchain.
Learn more about private projects based on the Waves Enterprise blockchain platform at our official website.