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!
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.
Cegeka stuck to the budget and timing and shared their thoughts with us at every step of the process.
Katrien van Gerven, General Manager Heilig Hart Leuven
Thanks to clear arrangements with Cegeka and their fast response times, we were able to implement a substantial upgrade in a short-term project.
Tim Vanbelle, CIO Belgosuc
