blockchain text-2.svg  

Transform the way you do business with the power of blockchain.

Although it may seem like a complex idea to wrap your head around, embracing the benefits that blockchain has to offer is actually simplifying the way we work.

While Bitcoin is the most recognisable proof of use case for blockchain technology, new and innovative ideas for its application propose to disrupt virtually every industry and the way we think about business. The functions blockchain allows have already become a driving force for ground-breaking business models within industries that are traditionally subject to highly-regulated governance.

In the contemporary world of e-commerce, a multitude of transactions are taking place every second, from order and payment processing to account tracking. Each stakeholder often has their own ledger and, thus, their own version of the truth. The reality for discrepancies to exist between these different ledgers has become a recipe for error, fraud, and inefficiency to occur.

Blockchain framework offers an ingenious solution to this problem. It makes use of a shared, immutable ledger for recording the history of transactions—one that cannot be altered. This is fostering a new generation of transactional applications where trust, accountability, and transparency to reign supreme when it comes to how we carry out previously manual tasks such as contracts, deeds, and payments.

ico-discover-d50.svg

Speeding up transactions

Blockchain provides all parties involved within a business network with a secure and syncronised record of transactions. This ledger records every transaction from beginning to end, whether it is 100 steps along a supply chain or a single online payment. Blockchain's verification system can enable real-time information processing, verifying and maintaining all the way through to the settlement of transactions. Speeding up, securing, and automating transactional operations can allow businesses a new strategy to better manage costs, drive innovation, and realise potential cross-industry growth.
complexity.svg

Cutting cost and complexity

Implementing blockchain technology can allow you to leverage the power of your business’ ecosystem to do things faster and vastly reduce the cost and complexity of cross-enterprise business processes. By removing the intermediary, settling transactions becomes quicker and simpler. The added ability to operate ‘smart contracts’, which automatically trigger commercial actions based on satisfying criteria laid out in the contract, can dramatically streamline processes. In doing so, you can remove the time and costs that come with traditional transactions.

ico-security-logo-blue-d50.svg

Increasing resilience

Due to the distributed and shared nature of the blockchain there is no single point of failure. This makes it significantly more resilient than current systems. Due to the distributed and shared nature of the blockchain, there is no single point of failure, makes it significantly more resilient than current systems. Businesses can reap the benefits of a significant reduction in errors across orders, goods receipts, invoices and other trade-related documents thanks to the elimination of manual reconciliation. A permanent audit trail of every product’s movement or financial transaction from its primary source to its ultimate destination is visible and transparent, reducing opportunities for fraud.

The truth, the whole truth, and nothing but the truth

 

A shared approach to authenticity

The shared ledger, which is distributed to all parties within the blockchain network, creates a single point of collective reference and ensures that no one person or organisation holds ownership of the system. All transactions are verified, cleared, and stored in a block that is linked to the preceding block, creating a historical chain of everything that’s been completed. Each block must refer to the previous block in order to be valid. This structure records a permanent time-stamp for each exchange of value, preventing anyone from altering the ledger and changing the “truth”.

A shared approach to authenticity

As a product makes its way through the supply chain, everyone involved in the process has access to its data. No transaction can be added to the chain without first obtaining permission from the other participants, meaning all validating parties must reach consensus before a new transaction is added to the network. As each transaction is confirmed within the network using independently verified complex cryptography, the information’s authenticity can be assured. This, in turn, renders third party intermediary monitoring and verification obsolete.

Move over, middle man. We’ve got it from here.

 

Walmart's Vice President of Food Safety, explains how Walmart can track food products through its supply chain using the IBM Blockchain Platform.

How your company can leverage blockchain to disrupt these six major business sectors:

BANKING

Bring trust, simplicity, operational efficiency and enhanced customer experience to banking and payment services

FINANCIAL MARKETS

Blockchain's shared immutable ledger can be used to track and manage every step of the financial process, no matter how big or small.

HEALTHCARE

Safely and securely store medical records and share them with authorised doctors or patients to help improve the quality of treatment.

GOVERNMENT

Embracing blockchain technology can boost efficiency and collaboration within nearly any government organisation by streamlining arduous processes.

INSURANCE

Automate transaction processing and reconciliation, help protect parties and their interests, and ensure accurate valuations for insured items.

LOGISTICS

Add greater visibility and efficiency across the entire supply chain to deliver higher value to your customers and trading relationships.

 

researchcentre.png

IBM Blockchain Research Centre 

Explore the latest research and developments for financial exchanges, supply chains, IoT, and risk management to digital rights management and healthcare

 EXPLORE NOW

blockchainimageguide.png

E-Book: Blockchain for Dummies

Everything you need to know about what blockchain is, how it works, and how you can get start implementing a blockchain network in your business.

GET THE GUIDE

Blockchain blog series

The potential applications for blockchain technology go far beyond crytocurrency. Explore the ways it can impact your industry.

 

 CHECK OUT THE BLOG

POWERED BY:

cogwhite.png
certus-logo.png
ibm-partner.png


Meet the IBM Blockchain Platform

The only fully integrated enterprise-ready blockchain platform designed to accelerate the development, governance and operation of a multi-institution business network. The IBM Blockchain Platform leverages Hyperledger Fabric to enable a new kind of distributed business network founded on the principles of finality, trust, and privacy.

 

icon-2.svg

Accelerate Development

Reduce development time with tools leveraging Hyperledger technologies that ensure close alignment between business leaders and developers.

icon-3.svg

Democractic Governance 

Enable faster activation, customisation and ongoing management of your business network with collaborative management tools.

icon-1.svg

Always-on Operations

Meet the needs of the most demanding use cases and regulated industries with networks that are scalable, hardened, highly secure and always on.

 

BLOCKCHAIN TECHNICAL OVERVIEW

 

GET IN TOUCH

Simply get in touch to have a chat with one of our blockchain experts. 

* We take your privacy very seriously. By contacting us you may receive occasional but don't worry, we won't spam you or share your details with any other companies! If you don’t like what we send, you can unsubscribe at any time.

Read our Blockchain blog series.

Check out our blogs to get a deeper understanding of how blockchain technology's development could affect your industry.

arrow-left.png
5_industries_blog-1.png

5 Industries that Blockchain Will Disrupt. 

From Finance to Healthcare and plenty in between.

bc_assettracking-1.png

Asset Management is one of the primary areas which will be impacted by blockchain. Check out our discussion of the possibilities.

arrow-right.png