Bring stakeholders within your organization to a common level of understanding needed to fully appreciate the blockchain opportunity.
Would you benefit from transaction resolution in minutes rather than days or weeks?
The digital age businesses need to be adjusted to the decentralized business model. Either business models are evolved or new ones are created. The key is able to use the aspects of disintermediation and goal state intelligence to new ways of business that was not possible earlier.
A key component of the new digital business is the aspect of the token and its lifecycle. Though and future proof design of the token and its usage is key to digital products. Tokens are of multiple types and the lifecycle of tokens is closely linked to the business flow.
Smart contract enable self enforcing obligations and use of this aspect of the distributed ledger technology is key to ensuring independence in a decentralized business context. Smart contracts cannot be changed once signed and committed and hence the right design framework ensures flexibility and resilience of the system.
Information collected from every interaction needs to be harnessed for the cooperative objectives set out in the business case. The goal of the information architecture is to ensure efficiency, authorization, scale and the right use of the KIP features for maximum gain.
A KIP integrated, PoC is a recommendation to ensure an opportunity for a live review and modification to the requirements of the product. Before scale the digital business is tweaked to accommodate the learnings from the PoC.
The digital business is unvelied for public consumption and based on the usecase and business context an ICO can also be done on the KIP platform if applicable.
We believe that blockchain technology will transform the way people and machines trade in the digital economy, removing the need for inefficient and costly intermediaries to facilitate transactions. Blockchain will underpin an open sharing economy by providing a consensus based trust platform which preserves the integrity of transactions forever.Know More
Aicumen Connect organises regular meetups and competitions all across the globe to spread awareness about blockchain technology and educate people about it's benefits. Aicumen Connect has Center of Excellences in various academic institutions to encourage students to build decentralised intelligent applications that solve real world problems.
Sending, receiving and the verification of funds on an international level is usually time and cost consuming. Post-trade processing must be executed quickly as capital markets are volatile, and handled in a secure and effective way. Decentralized blockchain-based payment processors allow instant financial transactions, as they do not depend on third party correspondents and operate directly between the contractual parties. They also make the transaction safer due to a cryptographically secure end-to-end payment flow and a peer-to-peer verification network. Additionally, smart contracts can replace usually cost-intensive customer reward programmes, such as gift cards, ticketing and voucher prepaid channels. These can be facilitated via blockchain-based processors in a cheaper, quicker and more flexible way.
Modern supply cycles have become increasingly hard to manage due to being highly fragmented, individualized and geographically dispersed. A blockchain application enhances visibility and transparency in the supply chain, as it allows the registration of each transfer on the ledger as transaction. Each transaction identifies the operator and party involved and provides additional relevant information, such as price, date, location, quality and state of the product. Once logged onto the blockchain, the data is immutable and as such prevents fraud and tampering with the information by any unauthorized party.
Rather than relying on one central cloud server to identify and connect with every single device, blockchain technology can provide secure mesh networks, in which various devices will interconnect in a reliable way while avoiding threats such as device spoofing and impersonation. Blockchain-powered services can be used to establish immutable evidence chains useful not only for supply chain management, but also for the identification of individuals and individual assets. In this case, encrypted public ledgers serve as data storage for registries of personal data, such as medical documentation, marriage and education certificates, and create a digital thumbprint of them. In this case, valuable assets or data are immutable and authenticity is verified and transparency ensured.
Not only can insurance companies profit from quicker payment processing, but they can also benefit from blockchain-based smart contracts. These make payments conditional, automatize and streamline them and thus make the process more transparent and irrefutable in effect. As a rule, a payment is only executed in case the pre-approved requirements or conditions are met. This can be applied to automated testing and payout calculation of claim and premium processing and the calculation and processing of micro-insurances. Instances of fraud are easier to detect as the blockchain would reject multiple claims allocated to the same insurance case.
Digital media content distribution usually requires third party distributors between the original author and the final consumer. Blockchain technology allows the author to exert direct control over the distribution and monetization of his works via a blockchain-based processors, which calculate and automatise royalty payments and licensing. Data security is provided by blockchain-based notarization and patent management platforms, which ensure a long-lasting attribution and provenance verification of intellectual property.
Decentralized energy grids allow excess energy to be distributed directly from one energy asset owner to the end consumer in a P2P trading system or fed into an already existing electricity distribution network. Neighbourhood solutions in form of local community grids are also based on a transparent and cryptographically secure blockchain platform, which can disconnect from the larger electric grid during extreme weather conditions or other emergencies. The coordination of renewable installations via blockchain-based systems further automatises internal operational processes, market trading and clearing mechanisms.