Blockchain promises a future where all transactions can be logged, viewed and monitored in real time. Keeping track of profit and loss statements, incoming and outgoing transactions and reporting requirements is a daunting challenge these days.
The possibilities of blockchain are almost endless. But watch out: that does not mean you can thoughtlessly throw yourself into a blockchain adventure!
Snel kunnen uitbreiden en inkrimpen en toegang hebben tot kennis die binnen de organisatie niet voor handen is, zijn de drijfveren voor uitbesteding.
On Monday the 6th of November, Sander van Loosbroek had the pleasure of presenting his point of view on recent blockchain developments in the financial sector. His biggest take-away? It is becoming impossible to keep track of all the launched blockchain initiatives.
International trade is all about who owns the goods and how are they paid for. Since the transfer of goods never aligns precisely with payment, this is a complex industry that is largely driven by paper. The main reason for this is that ownership of goods is still transferred by a Bill of Lading or similar paper document, causing delays and costs for all parties involved.
Blockchain is the result of over 25 years of research into how to solve the fundamental problem of double spending value online. The internet we use today was built for copying information from one computer to another. This means that you can view a copy of a website to read the news, view this video or communicate with friends on social media.
Blockchain promises a future where all transactions can be logged, viewed and monitored in real time. Keeping track of profit and loss statements, incoming and outgoing transactions and reporting requirements is a daunting challenge these days.
Insurance is a paper business, with ever-changing conditions and the detection of fraudulent claims requiring transparency and interconnectivity. In this video we explain blockchain technology as a process optimizer, but for insurance companies it also has a role to play in the automated offering of insurances.
Blockchain technology is set to replace the concept of signing a contract. In this video we will explain the benefits of using blockchain to replace the old paper contract system. Contracts expressed in computer code are ideally suited to govern digital services that can be described meticulously and unambiguously. This means that there is no discrepancy between parties regarding the implications of these so-called contracts.
The past year numerous applications and business models have been developed on top of blockchain technology. One of the recurring challenges is securing the private key of the participants. In every blockchain this is the responsibility of the user and for obvious reasons it’s paramount to get this right. In most clients the private key is encrypted with a single password.
Everybody agrees there is a need for digital signing to succeed to resolve the inefficiencies and risks that result from the existing print-sign-scan practises. If a technological solution wants to succeed we’ll need it to work like the signatures we place on paper today. This is where blockchain technology comes into play.
