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Blockchain Technology
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What is Blockchain

A distributed ledger technology that allows transactions & data to be stored across a network.

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Decentralization

A digital ledger of all events and transactions duplicated and distributed across a business network.

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Security

All transactions in the network are authenticated, secure and verifiable, with an appropriate level of visibility.

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Verification

All parties involved in the supply chain have been checked, vetted & confirmed to be reliable before being onboarded.

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Uniqueness

Every block (file) has a unique hash, or transaction identifier, that cannot be deleted or manipulated because of the way blockchains are hard coded & threaded together.

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Immutability

The immutability of blockchains make it impossible for any member or entity to manipulate, replace, or falsify data stored on the network.

What is Blockchain

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Cost Savings

By digitising the relationships between stakeholders on the supply chain, Coronet saves salon owners costs of overseas trips to manually source and do quality assurance in person.

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Smart Contracts

Those in the ecosystem set terms of trade: which are coded & automatically pay the parties (hustle free) when fulfilled, bypassing the need for third parties & unnecessary costs.

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HQ: 61 Katherine Street, Investec Imports Towers, Sandton, 2196, South Africa

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