As new direction, we offer strategic Blockchain consultation and operative implementation from a single source. With our operating division, we are specialized in the new, basic technology and are the right contact partner for you.
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Basically, the Blockchain will replace many applications in the future which currently solve problems with other technologies. Middlemen will be eliminated in processes, and business models will be redesigned.
The future is decentralized, but what does this mean for your company?
The Blockchain is a basic resp. meta technology. The Blockchain itself is composed from several technologies and at the same time influences further technological methods.
The components of the Blockchain are computer, decentrally structured data bases and clients which come together in a software environment.
The Blockchain can be compared to the origins of the internet. The internet is a network for exchanging information. The Blockchain can be seen as a network for transactions and is based on the internet.
There are different definitions of Blockchain depending on the point of view. The approaches depend on the application scenarios and partially overlap.
The Blockchain is a decentrally structured and endlessly expandable list of data sets which are transparently and publicly visible and which are unchangeable.
The Blockchain allows a pseudo-anonymous exchange of goods and services, and in the course of this eliminate the middlemen.
With its unchangeable list the Blockchain controls transactions between two participants and waiving a middleman, as for example a notary.
The potential of the Blockchain is best summarized with the terms Security and Zero Marginal Cost Economy.
Each transaction is attached to the end of the chain of the previous information and can no longer be changed. As a result, the transaction history is unchangeable and unambiguously transparent.
The use of kryptographic procedures ensures that transactions can be carried out 100% secure in the Blockchain.
Middlemen who would either ensure the trust of both transaction partners or take over administrative functions are eliminated. This creates a maximally efficient process and therefore lowest possible transaction cost.
The technical term for this efficiency is known as Zero Marginal Cost Economy.
The Blockchain stands for:
With the Blockchain totally new and efficient applications can be created or existing applications can be designed significantly faster, better and more favourable.
We start with our approach in the consultation and guide you as our client until presentation. We have ressources for inhouse development and therefore fast implementation of your ideas.
An example of a first workshop could look as follows.
Contents for a Blockchain workshop example:
The new direction offers decentralized, end-to-end solutions with competences in the areas strategy, technology, project management and software development.
With this we have all the skills to develop a blockchain based solution.
In general, a Blockchain project starts for us with an introductory seminar and strategic workshops. The goals must be clearly defined to go together in one direction.
We coach you in close and in-depth cooperation through the development phase to the testing of a dApp.
With smart contracts completely autonomous machine-to-machine (M2M) interactions can be displayed.
Smart contracts are intelligent contracts. They can be described as software scripts defining conditions for interaction between machines and therefore are used for executing transaction processes.
In this connection, every communication in the blockchain is called transaction which includes every secured communication, from ordinary recorded data through to the automated execution of complex business processes resp. rules.
DApp is the abbreviated version of a decentralized resp. distributed application. It is pronounced d-app similar to e-mail. The backend code of a dApp is decentrally stored in a peer-to-peer network.
In addition, a dApp contains frontend code and thus a user interface. This can be written in different languages and allows access to the application.
When looking at the Blockchain in view of the challenges of IoT (Internet of Things), then it solves the four biggest challenges:
Using the new technology, transactions are processed faster and more energy efficient.
At the same time there is more security. Especially industrial companies expedite the rapid development in the area Internet of Things.
What opportunities can arise for you from the Blockchain? Call us or have us call you back.