Blockchain is an exciting new technology that has the potential to disrupt industries and at the same time presents new business opportunities. However, blockchain has its share of drawbacks, namely:
Root Blockchain solves the above problems with its unique offering – Blockchain as a Service (BaaS) – the first hybrid blockchain with flexible options for both enterprise and retail customers.
Root Blockchain is completely API driven, which means that businesses can reap the benefits of blockchain technology without the accompanying complexity and costs involved. Simply connect your existing business to the Root API and get going.
Root keeps the blockchain size small by using a unique mechanism – only cryptographic hashes of the transaction data are stored in the blockchain. Storing the actual data is optional. Since a transaction cost is directly proportional to the volume of data, by not storing data, a user can keep their transaction cost low. This is also useful if the data is confidential in nature and the user does not want it to be publicly available.
If the user requires to upload data along with the transaction, the Root Blockchain is integrated with a secure vault for the encrypted storage of digital assets.