I work in the financial industry and Blockchain technology is bringing changes to our day to day lives, areas that are soon to change include financial industry, cloud storage among others. These two main market spaces are the main beneficiaries of blockchain technology innovative features such as smart contracts and open ledger technology. One project that plans to change the way you store your information is Recordskeeper that uses blockchain features and introduce missing features such as a public mineable blockchain where information is securely stored on the blockchain.
The start-up will be beneficial to organizations and individuals who would love advanced customization of their blockchain processes when storing information, Recordkeeper will allow the users to customize their block size, number of processes and also transactions requirements.
The user will be able to customize their blockchain preferences, including roles of users, permissions to write or read the records improving security of the information stored, this will be possible through multichain layers that will be possible to create and support multiple assets. I have included the video below to help you learn more about Recordkeeper.
According to the video, The project is all about creating a multilayered records management platform that will benefit individuals and organizations especially those in the financial anad banking institutions.
As a financial expert, I'm keen on projects entering the space and recordkeeper is a noteworthy project, this project plans to help in records keeping in a secure blockchain managed system, that improves data security, immutability, integrity, authenticity, among other which I will cover below:
RECORDSKEEPER FEATURES
Records keeper plans to use the power of blockchain technology to store data permanently on the blockchain through a distributed ledger that is secure and immutable. This will allow financial institutions and users to create data that is stores is a secure block on the recordskeeper chain that is free of hacking or any changes that will alter the records for security purposes. The security of blockchain technology is one of the most driving forces that makes me believe that records keeper is improving the security of the data through multilayered chain making it more suitable for record keeping than any other records start-up using a single chain layer.
The financial industry is highly controlled to reduce frauds and financial risks associated with security, the ability to store data on the blockchain is safer than any other storage facility, it decentralizes cloud storage and securely improves security through digital blocks of data secure stores on the blockchain to prevent modification. The cost of storing data on the blockchain is also cost effective since the middleman is ejected and the cost of setting up shops is reduced.
Recordskeeper plans to maintain trust in the financial industry, the projects aim to use distributed ledger technology for transparency in data storing and processing solutions. The consensus agreement is stores permanently on the blockchain, creating a temper proof chain of records that are stored in blocks over time improving the authenticity of any information stored on the blockchain.
The data recorded on recordskeeper is accessed by users through the public address of the user – this will allow anyone to verify the information on the recordskeeper blockchain. This is made possible through the ability of the recordskeeper blockchain having a record identifier and an identifier record section that helps is data validation.
Third party individuals will not be needed in the recordskeeper space because the platform blockchain will reliably control the records and if needed they can be accessed through APIs straight to your organization software's.
Conclusions
As a financial expert I'm excited about anything related to financial assets on the blockchain, but I invest and participate in the projects I can relate to and RecordKeeper is one of the few projects bringing change and not just a copy of the existing blockchains, Recordskeeper is introducing the missing features in the blockchain towards improving records keeping.
The team is highly specialized in the financial industry and the technological sector, this coupled with the passion towards improving the industry will help the team in the management and development of the project.
I believe the projects mission and as a financial expert I know how useful this feature is to the financial and banking industry. The tradition means of storing data on centralized storage which are prone to interference and storing information on hard drives and computers is also things that will be a thing of the past. The recordskeeper will bring efficiency and effectiveness to financial and banking industry.
I have no doubt on the security of blockchain technology concerning data storage, and this makes me believe in records keeper project. The security measures through multilayer chains is sins is something that is not currenctly available to many blockchain projects. All this benefit will be a reason why organizations and individuals will consider implementing records keeper blockchain on the financial and information processing.
The platform innovation is a noble cause and a community-based project that seeks to transform and solve problems existing in the current financial and banking sectors. As a financial expert I will keep an eye on the project as it develops and accomplishes its goal. Immediately the platform is launched I will try it and update you on the experience. In the meantime, please check below for important links and information.
References
Site: https://www.recordskeeper.co/
Whitepaper: https://www.recordskeeper.co/whitepaper/RecordsKeeper-Whitepaper-Russian.pdf
Reddit: https://www.reddit.com/r/recordskeeper/
Facebook: https://www.facebook.com/recordskeeper
Linkedin: https://www.linkedin.com/company/recordskeeper/
Twitter: https://twitter.com/records_keeper
Telegram: https://t.me/joinchat/B4T_PxInGAjiXLz1N66t3Q/
Github: https://github.com/RecordsKeeper
Medium: https://medium.com/recordskeeper
Bitcointalk: https://bitcointalk.org/index.php?topic=4272535.msg38541791#msg38541791
Youtube: https://www.youtube.com/channel/UCqkoCtW-qgNpxhivbnXdUVA
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
