Electronic auctions are becoming more common on the internet, however, most of them are centralized meaning they are exposed to manipulation or corruption. An electronic auction system based on DecentralChain can help prevent this and increase the security, efficiency and trustworthiness of your auctions.
No incentive for the seller to artificially inflate the price.
The data about each auction is stored in the blockchain
Trusted and secure, with tamper-proof records, logs and transactions.
Create your own decentralized network
DecentralChain allows the creation of personalized Blockchains, so developers and businesses can create robust and secure decentralized platforms for their companies or start-ups.
Asset Management
The potential of the registry being hacked is one of the most serious challenges to secure asset management. As many registers are still kept on paper, this can be accomplished by data manipulation or physical loss of records. Businesses and governments can use DecentralChain to digitize documents, store data securely, increase trust, and reduce corruption.
Data and asset immutability and genuine control
Online record verification can be done quickly and at a cheap cost.
Consistent record security
Identity Management
Businesses and governments can use DecentralChain to handle identity authentication and reconciliation. Businesses may develop encrypted digital IDs while also providing more extensive security features that save time and money for clients and organizations.