Whether your organisation is reviewing the potential of blockchain or considering whether to implement a blockchain solution, then the blockchain consultants at AXVECO are here to help you. We offer blockchain consulting as one of the services which facilitate the implementation of disruptive technologies within organisations.
What is blockchain?
In contrast to a classical (e.g. relational) database where all information is centrally saved and facilitated by a third party, information in a blockchain is saved in a decentralized manner without the need for a trusted third party. In this way, blockchain enables peer-to-peer transactions with access to data facilitated among the participants in the network. By implementing blockchain, data can be made available in a controlled manner to different parties increasing accessibility, trustworthiness, and the security of the data.
Blockchain can be compared to a list of data (like a spreadsheet) where everyone has their own copy. A change of data on the blockchain happens in (near) real time at all the copies of the list, which means that everybody deals with the same list. A unique feature of a blockchain is that the change of data is not represented as a direct change of the data, but as an additional rule at the bottom of the list. Blockchain is append-only which makes it impossible to falsify. This makes blockchain valuable: transactions and data are universally accessible, 100% trustworthy and not modifiable; the source of digital assets can be shown and financial securities can be transferred safely and visibly.
For whom is blockchain interesting?
Blockchain is an interesting technology for organisations where trust– of the civilian, customer, and consumer – and integrity are a priority. Blockchain is being regarded as a ‘gamechanger’; a technology which has the potential to transform society.
Thanks to open-source technology, it is now possible to manage and share data more efficiently facilitating new and global financial services. These features make blockchain interesting for companies who manage, share or publish data or financial assets like the government, financial sector, healthcare, insurance, transaction management, supply chain management, utility companies, real estate managers, house brokers and many more.
Because blockchain is such a novel technology where the playing field is in full development, it can be daunting for organisations to estimate the added value of blockchain to their existing business processes and ecosystem. In this case, targeted advice can help set the direction. Our blockchain consultants can help you in determining where and how blockchain will impact or add value for your organisation.
How Axveco can help
The blockchain consulting services of Axveco comprise advice and guidance, from proof of concept up to solution integration within your company. If blockchain is being considered, Axveco can help to guide you through the review process. Our blockchain consultants help you to find the most promising use cases of implementation of blockchain and, from a neutral standpoint, we review your business cases, use cases, proof of concepts, and plans. Herein, we emphasize the revenue model, the feasibility, the ecosystem, technical aspects, integration within the existing organisation, and the context of governance, risk, and compliance.
Our advice covers the platform business model, blockchin in business transactions and the use of smart contracts, cryptocurrencies, tokenization and ICO’s.
Axveco consulting services offers support and helps you to uncover the potential of blockchain within your organisation. Our blockchain consultants identify, analyse and select use cases. We help to setup business cases and proof of concepts or review them for you. Besides, blockchain consultancy is especially suitable for technical issues; we can do a readiness assessment and give advice related to the most optimal ecosystem.