Manage accounts, enable fast payments.
Bryan Gross, Principal Product Manager
IBM Blockchain Platform
Even if an application runs on a network that is not well trusted, that trust can be amplified by relying on the trusted Hedera ledger for the consensus ordering and timestamps. Track an item through a supply chain, provide a transparent bidding system, or process transactions, with auditable logs of the history.
A topic is created to manage the stream of messages for one application, such as a market where people bid on products.
When an event happens – like a bid – it can be sent as an encrypted message to the topic.
All of the messages are put into consensus order by the Hedera mainnet. A mirrornet can then send the messages for a particular topic to the application for processing.
When an audit needs to be conducted, previous messages can be checked, along with a state proof that ensures they have not been falsified.