Blockchain is a distributed ledger that maintains a continuously-growing list of records called blocks. Each block contains a timestamp and a link to a previous block. The data can only be written or read from a block and cannot be altered retrospectively. In addition, all records and blocks are confirmed by participants that are a part of the network. A majority of the participants must agree on the data to be valid, so no single party has complete authority.
Permissioned Blockchains, such as Hyperledger Fabric, are deployed either within an organization or shared amongst a group of participants. All parties on the blockchain are limited to a predefined set of participants and must be given access to participate on the blockchain network. In this case, no one else can access the network.
As information is updated by participates on the Public Bloc platform, that information will be able to be viewed by the stakeholder of the project based on the access level that they have. The stakeholder can choose to receive email notifications that there has been additional information provided to a project.
Public Bloc’s data is secured using a multilayer approach to security. The data will be secured using traditional cybersecurity methods of utilizing firewalls, certificate authorities, and multi-factor authentication. We will also be using encryption and consensus algorithms as another layer of security to the data.
Public Bloc connects development project sponsors with investors online. Depending on the project, investors can either invest in equity or purchase bonds.