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The CFXN platform will be built on blockchain technology, which is extremely resistant to tampering and fraud. Each block on a Blockchain is time-stamped and linked to the one generated before it in time, forming a linear chain of information.
As a result, the word “blockchain” was coined.
According to the requirements, CFXN will maintain the decentralized repository using DLT private Blockchain. While Blockchain technology is a game-changer in terms of digital recordkeeping in the form of ledger-based transactions, not all Blockchain solutions are created equal. The team at the Blockchain Center of Excellence (CoE) has learned from the flaws in numerous private and public Blockchain products and services around the world. By design, the CFXN Blockchain is faster, more adaptable, easier to develop on, and safer than other Blockchain alternatives.
The following diagram depicts the Blockchain Platform’s features as well as the platform’s overall benefits.