Our software is designed to create enterprise-grade solutions that can build and manage blockchain-based ecosystems as quickly and as cost-effective as possible. Although powerful and disruptive, blockchain is a very simple concept.

Essentially, the system replaces traditional databases with a de-centralised and indelible record of transactions.

So-called blocks record transactions between parties and, once they’re created, they can never be changed. Instead, when you update or amend the data, a new block is created and joins the chain. This is great for keeping an indisputable record.

Meanwhile, the entire chain is replicated on every device that participates, enhancing security and reliability — there’s no need to back-up data, no single point of failure and it is very difficult to compromise. It also means that there is no need for third-party data authentication because the record is visible to everyone.

Of course, current enterprise solutions are not built upon blockchain-enabled platforms, so a whole new set of solutions is required. Tymlez not only builds such solutions on its unique, scalable platform, it unlocks the potential of blockchain by allowing customers to apply technologies such as AI to improve system efficiency, spot trends and manage interconnected devices.