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.

Tamperproof

Never doubt the credibility of your data and rest assured with immutable records

Trusted

Reinforce trust into your relationships and confidently build value with real-time financial reconciliation

Transparent

Have full visibility into every interaction, with complete audit trail readily available

How KCS implements SVOTT

KCS Smart Contract Technology

Our K-Chain is a modular enterprise blockchain system, where smart contract layer is only one of the 7 layers

K-Chain Structure

K-Chain can be customised into both a public permissioned or private permissioned chain

Private permissioned chain

Scalable
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

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