Auxledger is an enterprise-grade blockchain used by governments and corporations worldwide. Find out everything you need to know about the platform today in our review.
What is Auxledger?
Auxledger, found online at Auxledger.org, provides enterprise-grade blockchain infrastructure with built-in smart contracts and other features.
The platform is best-known for being used by Indian government organizations. Auxledger is currently used by the government of India for land registry purposes. It’s also being developed to work for defense purposes, national security, electronic health records, benefit distributions, and more. Auxledger is being developed by an India-based company named Auxesis Group.
Overall, the blockchain is designed to make blockchain accessible to corporations and governments. Today, Auxledger has 53 million+ users and 38 blockchain-based assets. It’s been running successfully for 143 days.
Auxledger is an advanced enterprise-grade blockchain platform. The blockchain has smart contracts and other advanced features. Key features include:
Auxledger has Interplanetary File System (IPFS) style storage, which means you can store files across the entire distributed network. This is designed for maximum stability and security. There’s no centralized server for a hacker to attack, and no single weak point in the network.
Auxledger allows for cross-chain asset swaps across heterogeneous blockchains, which means you can transfer blockchain-based assets between two different blockchains – say, private blockchains from one company to another.
Turing Complete Smart Contracts:
Auxledger’s smart contracts can be built using AuxCode. They support parallel operations, shredding, and unlimited scalability. Similar to Ethereum, Auxledger has its own Auxledger Virtual Machine for smart contract operations.
Multiple Digital Assets:
Auxledger’s network allows for an unlimited number and type of digital assets to be created and transferred across chains.
Auxledger and Government Use Cases
Auxledger is best-known for being the preferred blockchain of the government of India. The enterprise grade blockchain is used for a number of crucial tasks across the country, including everything from a land registry to a benefit distribution system.
Here are some of the use cases for which Auxledger is currently being used, or is being explored for use:
Electronic Health Record:
Many blockchain companies are seeking to deploy blockchain for electronic health record (EHR) management. A good EHR blockchain could solve huge issues in the medical community. Auxledger’s website mentions the ability of displaying data from multiple databases, creating a reconciled community-wide directory of all information about citizens.
Benefit Distribution System:
Auxledger can be used to distribute government benefits in an immutable way, reducing fraud and improving efficiency throughout government services.
Official Registry for Government-Licensed Assets:
Auxledger can be used as an official registry for any assets registered with the government – from land records to firearms to intellectual property.
Auxledger could be used for voting, ensuring each person gets verified by the blockchain, then is allowed to issue one vote.
Ultimately, Auxledger could reduce fraud and error in multiple areas of the government, delivering big benefits in terms of efficiency and productivity.
Who’s Behind Auxledger?
Auxledger is a proprietary blockchain platform created by India’s Auxesis Group, which was formed out of India’s first blockchain lab at the Indian Institute of Technology in Mumbai. Today, the company is working with BFSI, the Indian government, and corporations across India to deploy its blockchain infrastructure.
Auxesis Group is best known for Auxledger. However, the company’s other services and platforms include Darwinsurance (a smart contract based insurance platform), AuxCE (a high frequency cryptocurrency exchange), and Auxy (an e-wallet for bitcoin and cryptocurrencies).
Overall, Auxledger has dozens of applications across different state governments in India. It enables organizations to quickly deploy a blockchain-based network and deploy their business logic on top of it.
In November 2017, Auxledger made headlines for partnering with Cashaa, a money transfer service going through a token sale from November to December.
Auxledger is a blockchain platform made in India. It’s currently in use by governments and corporations across the country, with a total of 53 million Indians registered through Auxledger and its applications. The platform is an enterprise-grade blockchain featuring smart contracts and other advanced features.
To learn more about Auxledger and how it works, visit online today at Auxledger.org.