Enterprise blockchain solutions
With Rumito, you can build your public or private distributed ledger on a highly-scalable platform with fast settlement times.
Trust and transparency
Blockchains create trust by giving all parties access to reliable, immutable information. Data is shared across parties, making it more accurate and consistent.
Everyone (with permission) can verify the authenticity of the information, which improves transparency and reduces fraud.
The decentralized nature ensures that no one single entity can alter data because to update the ledger, the network needs to reach consensus first.
Security
Blockchains come with several security benefits:
1. Information is stored in a distributed fashion over many nodes; no single point of failure exists that can be compromised.
2. Replicating information across nodes makes it accessible 24/7, ensuring high reliability.
3. The use of cryptography makes blockchains tamper-proof. By linking transactions to each other, changing transaction data becomes difficult.
Efficiency
Blockchains build trust without the need for trusted third-parties. This disintermediation helps to streamline operations and saves time and money.
Through the use of smart contracts, manual labor can be automated and tasks become programmable.
New opportunities
By embracing blockchains, businesses can offer new value propositions to customers that attract new clients and unlock additional revenue streams.
For example, banks may provide p2p trading or cheaper international remittances.
The advantages of Rumito
- The main challenge for enterprise blockchains is their limited transaction throughput that does not achieve the level required for most business processes.
- Rumito developed an innovative consensus mechanism called Lachesis, which you can implement both in permissioned or permissionless settings.
- Compared to other blockchain solutions, Lachesis combines scalability, decentralization, and security.
- So far, our technology can already achieve up to thousands of transactions per second with settlement in under 2 seconds.
- Instant finality of transactions makes Fantom the go-to solution for real-world blockchain applications.
- Rumito’s performance scales to a large number of nodes.
- The high degree of decentralization, together with a leaderless design and fast finality, enables Rumito to accomplish institutional-grade security.
- Even an extensive network of validators settles transactions instantly and without the risk of reversibility.
- Blockchains built on Fantom are fully customizable and can be integrated with other blockchain solutions like the Ethereum Virtual Machine or the Cosmos SDK.
- Pick the services that work best for your use case and still benefit from fast consensus.
- Rumito works with both permissionless and permissioned blockchains and is adaptable to different use cases.
- Want to set up a private blockchain to optimize business processes with your partners? No problem.
- Even better: If you decide to build a public blockchain later, Rumito can scale with your needs, still providing the same high throughput and fast finality.
- Rumito is collaborating with the University of Sydney and Yonsei University with acclaimed professors, lecturers, postdoctoral researchers, PhDs, and Honours students. By doing so, we ensure to utilize state-of-the-art technology in our products and services.
- For an overview of our research, please visit our research database.
- We work in conjunction with our partners, providing services at every step, from ideation, development to expansion and maintenance.