Blockchain allows companies to develop new ecosystems without a central controlling party.
“We’re unable to find the best approach for setting up an ecosystem. This affects our confidence and the costs are rising.”
A lack of mutual trust and effective business ecosystems is preventing companies from working and communicating with each other in the best possible manner. The existing business models also result in high costs.
Blockchain helps companies to:
create a stronger connection and generate trust between all parties involved.
store information in a single ledger, instead of in different proprietary systems.
digitize and innovate ecosystems in an efficient, safe and budget-friendly manner.
“Processes are not running smoothly because of intermediaries.”
Many processes are not running smoothly today. Intermediaries such as banks and governments involve a great deal of centralized administration, and thus cause delays. It can take days to process transactions, especially outside of business hours.
Blockchain helps companies to:
accelerate processes by removing unnecessary and costly intermediaries.
increase the speed of transaction processing and reduce marginal costs.
strengthen process integrity by storing transactions in an unequivocal and verifiable manner.
“Our information is often incorrect, incomplete or inaccessible.”
Information is sent to and fro between parties, but this exchange often goes wrong. This can lead to a number of common problems: not everyone has the same information, certain information appears to be incorrect, and sometimes crucial information is lost.
Blockchain helps companies to:
keep information complete, consistent, up-to-date and accurate.
share the coordination of and control over their information and transactions.
give all parties simultaneous access to the same information.
