Blockchain is a technology that allows safe transactions over the internet without one or several middlemen to guarantee the trust in the transaction.
It thus allows – among other things – to streamline existing processes where different parties are involved and enables the collaboration of parties, even when these parties have conflicting interests.
The design of a blockchain brings interesting characteristics, such as the ability to build a reliable chain of custody, sharing information between independent parties and automating processes without the burden of after-the-fact verifications. Key use cases that can be unlocked include:
Blockchain applications will differ by use case, each leveraging the technology for a range of benefits; mainly reduced costs, improved data security or further automation.
Blockchain solves data disputes by providing a single historical version of the truth.
Blockchain enables real-time activity monitoring between stakeholders, ensuring legality, security and stability of markets.
Guaranteed process execution
Blockchain allows for higher process integrity by guaranteeing the execution of agreements between independent parties.
Faster transactions validation
As certain third-party validations are disintermediated, transaction settlement is accelerated.
Blockchain provides a single source of truth; reducing information asymmetry
Higher data security and quality
Validation of new information via cryptographic processes allows for better data integrity and better resilience to attacks.
Our Blockchain fast-track program helps you to realize the potential of blockchain for your organization by delivering a pragmatic proof-of concept, tailored to your needs. In addition, you can expect:
For more information, please contact us: