Your competent partner for blockchain and distributed ledger technologies.
As a consulting and development partner, we have specialized in the implementation of innovative blockchain technologies since 2017 and have built up extensive knowledge of current frameworks and standards. In doing so, we realize prototypes and applications based on common blockchain platforms such as Ethereum, Quorum, Hyperledger Fabric and Corda. During the implementation of your blockchain software, our specialists work closely with you and take over the complete development process, from analysis and implementation to testing and acceptance.
What is the Blockchain?
Blockchain technology is considered the next big revolution in Web 3.0 and has the potential to digitally transform entire business sectors. By means of its development, the internet of digital copies becomes an internet of digital values.
As an add-on, it also offers the possibility of tokenizing real assets of all kinds, such as real estate, rights, shares, and other goods, managing them digitally and transferring them peer-to-peer. Information stored in the blockchain is trustworthy, immutable, as well as true to time and is always available in real time.
This eliminates the need for a central authority to vouch for the authenticity of the data and also allows transfers of ownership to take place without any intermediaries.
YOUR BENEFITS FROM USING BLOCKCHAIN TECHNOLOGY
All transactions between participants in the peer-to-peer network take place without intermediaries or third parties such as banks or notaries. The elimination of trust-building intermediaries leads to massive time and cost savings, as well as to the automation of business processes.
Automation of Business Processes Using Smart Contracts
Smart contracts are programs that run on a blockchain and are based functions that are executed automatically when certain conditions occur. They can be used to automate processes as well as recurring activities and to agree on business logics in advance in an immutable and tamper-proof manner. Smart contracts can generate massive time and cost savings.
Immutability and Assignability
Blockchains are immutable. Once stored, data can no longer be deleted. All transactions are documented unambiguously and traceably with a time stamp. Every value and every transaction can be assigned to a participant without any doubt.
Redundant data storage with numerous replications protects against system failures and data loss. All information on the nodes is identical. This ensures high integrity of the stored data and makes hacker attacks on the network impossible.
Analytics and Transparency
The blockchain enables an analysis of data across company boundaries. This creates an accurate, real-time insight into the respective market situation.
The distributed data storage of a blockchain enables trust-based networking, as well as business interactions between different value-added-partners across company boundaries.
Distributed data storage enables manipulation security and integrity of the data. In addition, the data (blocks) are interlinked by cryptographic procedures.
Availability and Quality of Data
The data is complete, consistent and always available in real time in the blockchain.
Digital identities are digital representations of entities such as persons, objects, organizations and devices on the blockchain. Digital identities enable unique identification and trusted interaction between the respective entities.
With the possession of self-sovereign digital identities, individuals can decide for themselves with which parties and to what extent their information is shared. In doing so, users manage their own data in a decentralized way.
We have worked extensively with blockchain-based identity frameworks such as Hyperledger Indy and have extensive expertise in World Wide Web Consortium standards such as Digital Decentralized Identifiers (DIDs) and verifiable claims.