The Single Version of the Truth
What is The Single Version of the Truth (SVOTT)?
One view of data that everyone in a company agrees is the real, trusted number for some operating data.
The single version of the truth is exactly that, it is the unequivocal and immutable record of a certain series of events and their subsequent outcomes
Why do we need SVOTT?
When companies sign long-term contracts, there will be a large number of transactions. This will add a lot of burden to the opaque storage and database of the each company. Whether it is a manual error or an error caused by information transfer between multi-platform servers, it will bring huge losses of money, human resources and time to all contract participants. KCS is committed to creating smart contracts based on the principles of SVOTT, creating a platform that all participants trust, and avoiding the limitations of the existing centralized technology on the company’s development.
Have full visibility into every interaction, with complete audit trail readily available
How KCS implements SVOTT
KCS Smart Contract Technology
Powered by K-Chain Blockchain Technology
K-Chain can be customised into both a public permissioned or private permissioned chain
Private permissioned chain
- Ecosystem of legally approved Digital entities
- Not independently verifiable outside the ecosystem
- Privacy preserving
- Governance of the chain backed by human readable contracts
- Implemented by Konfidio
Public permissioned chain
- Good Scaling
- Theoretical Flexibility Private -> Public Ecosystem
- Independently Verifiable
- Governance of access to date
- Disputes easy to resolve