akaChain

What is akaChain?

akaChain is a blockchain-backed enterprise platform, offers scalable, secure, and transparent Digital ID to enterprise that wish to overcome the hurdle of proof of identity.

akaChain, is an end - to - end, permissioned, multi-chain network based on the Hyperledger Fabric. The Privacy Preserved Bridge Protocol cryptographically stores private data to ensure transparency and security with a focus on empowering business innovations and creating a fair and objective network environment.

akaChain's various business-driven solution can tackle different issues:

- Operational efficiency: lower dramatically the operational cost by eliminating middlemen with smart contracts, automate the process, and reduce repetitive tasks. The use cases vary e-KYC in Financial Institutions; data entry, record keeping in accounting and CPA firm.

- Security: According to IBM's latest numbers (2019), a security breach can cost up to $3.92 million after investigation expenses, damage control, repairs, lawsuits and fines. Spend less than 1 USD to secure a transaction and data forever is much more affordable than paying the fine!

- Customers/Stakeholders engagement: The enterprise blockchain platform is able to connect all stakeholders, hence improving customer engagement