What Is Augusta HiTech?

Augusta HiTech is a blockchain technology company that focuses on the building of innovative products by use of blockchain, Artificial Intelligence, Blockchain Testing as a Service, and smart contracts. The company focuses on the designing and development of independent intellectual property blockchain powered by enterprise solutions in areas of auditing, healthcare, supply chain, gaming, financial, human identity, and other industries.

The platform features include AI, admin features, and enhanced user experience. It also encompasses the ability of the customer to build and take anywhere their IP, Independent blockchain powered by containers. They can easily run on any cloud whether public or private as well as a blockchain performance testing framework solution used to measure the transaction throughput and latency.

The platform derives the blockchain POC with a basis on business goals of the entire enterprise. The POC derived includes criteria for success that are clearly defined, documentation on how to carry out the proof of concept, a component for evaluation, as well as a proposal for moving forward in case the POC is successful.

The platform entails a holistic solution design that is inclusive of people process, technology, and the operating model.

The Augusta HiTech blockchain as a whole operates on the Hyperledger Distributed ledger products that include the Fabric in principle, which is a permissioned ledger that cannot be consumed by public entities since peers do not share the blocks, created. Other services offered by the platform include smart contract development and Blockchain Business Network development.

The first step taken by the platform is the analysis of blockchain opportunities with its design thinking-based assessment framework and thereby creates prototypes. Then there is the identification of relevant use cases as well as demonstrable prototypes. The next step is the development of pilot blockchain prototype, which includes the elaboration, design, and implementation of the selected blockchain user cases.

The platform pilots it with stakeholders and hence evaluates it followed by validation of the prototype's desirability, viability, and feasibility. The platform then builds and tests the ABC solution with process considerations and technology of the selected platform. It tests it for performance, necessary scale, and security. The ABC network is then integrated with third party. Once all the requirements are met, the deployment of the blockchain solution is done and maintained.

Users can reduce fraud and at the same time, increase regulatory compliance by use of tamper proof business critical records. Cryptographically linked blocks secure the user's data from being altered or deleted without being detected.

The use of peer-to-peer business network on the platform ensures that users avoid centralized intermediaries that would otherwise delay the process.

Users can trigger actions, payment, and events automatically with a basis on preset conditions. The speed of the transactions can be increased by easily automating process to be working outside business hours.

Costs on the platform are reduced through the acceleration of transactions and elimination of settlement processes by use of a shared and trusted fabric of common information in place of centralized intermediaries or reconciliation processes that are complex.

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