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We are a blockchain company that aims at unlocking the potential of decentralized technology for businesses. Our highly experienced team offers consultancy to identify opportunities for efficient blockchain technology implementation after which our solutions team works on customized products based on sector. In addition to this our educational arm hosts workshops and courses from foundation level aimed at giving C level executives and managers an overall perspective to blockchain engineering courses for developers and those interested in being part of this industry.
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We are a blockchain company that aims at unlocking the potential of decentralized technology for businesses.
Our highly experienced team offers consultancy to identify opportunities for efficient blockchain technology implementation after which our solutions team works on customized products based on sector.
With the recent development of blockchain technology, many companies around the globe are looking at benefitting from decentralization using distributed ledger technology. We help organizations ensure that they allocate resources in a manner whereby the implemented technology is effective and increases efficiency.
Blockchain technology is the future of various applications across multiple industries. We help companies develop, test and implement the technology to explore and benefit from the potential advantages over traditional methods.
Empowering organizations around the world with blockchain technology and solutions. The United Arab Emirate's leading blockchain solutions provider.
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The logistics industry is one of the primary sectors to benefit from blockchain technology. The technology helps reduce repetitive paperwork while enabling trust. It also increases efficiency by allowing automation through smart contracts.
Eliminating Paperwork
Blockchain technology allows for a mechanism where multiple stakeholders can have direct access to information, thereby eliminating paperwork at different check points.
Improved Traceability
Traceability from source to final destination becomes easy and accurate. Blockchain technology allows instant identification of problems associated with spoilt goods, missing quantity or even mismatches during an audit.
AI and Automation
Smart contracts enable a set of rules that allow automated purchases when inventory levels are low and other triggers based on a set of conditions.
This section will give you an overview of the various positive impacts of blockchain technology in the healthcare sector as well as its implication on collaborative research.
Prescription Drugs
By implementing digital prescriptions, secured on the blockchain, drugs in the pharmaceutical industry can be better controlled since paper-based orders can be tampered with and replicated. Also, upon delivery, digital prescriptions are nullified, unlike paper-based ones, which could be used again.
Patient Record Storage
Patient records are often misplaced in traditional methods, particularly when patients move between hospitals or doctors. There is also a discrepancy regarding their medical history or reports. Blockchain provides a secure, immutable database that can be accessed by multiple doctors, hospitals, and stakeholders at any time.
Big Data
Patient records stored on the blockchain in a decentralized database can provide significant data about each's overall health. An entire database of these records can then provide statistics on health conditions in a country based on demographics, age, gender, etc., which can be a tremendous problem-solving tool, leading to better healthcare for the future.
Health Insurance
Big data that is collected over time can be used to provide health insurance policies at a fair price, rather than a price based on demographics. For instance, two 60-year-old individuals might be the same age and race, but one might have a healthier track record resulting in a lowered insurance premium.
Verification of services
Often, upon the prescription of a medical service such as a blood test or an X-ray, patients do not complete the procedures on time or commit identity fraud. Blockchain technology can provide verification mechanism to confirm that the assigned patient did or did not complete the process.
Collaborative Research
In the world of medicine, most researchers are reluctant to collaborate on research due to the fear of having their hard work plagiarized. Blockchain technology being immutable, stores a record of each person's contribution along with their identity and time stamp, leaving no room for plagiarism.
Blockchain technology has been a highly discussed topic in the banking and financial industry recently due to its benefits over traditional methods. This section includes the various solutions that we provide to the fintech sector.
Cross Border Payments
The transfer of value has always been an expensive and slow process. This is particularly true for cross-border payments. Blockchain technology is able to speed up and simplify this process - and also reduces the costs significantly.
Smart Contracts
Smart Contracts remove the need for intermedieries during transactions. They help you exchange currency, property, shares or anything of value based on a set of rules that are agreed upon mutually by associated parties.
Identity Verification
In today's world, every online transaction requires you to provide personal information. Blockchain technology solves identity management problems by creating encrypted digital identities that the system authenticates without exposing personal data to businesses.
Blockchain technology has been a highly discussed topic in the banking and financial industry recently due to its benefits over traditional methods. This section includes the various solutions that we provide to the fintech sector.
Increased Transaction Speed
Traditional methods in stock markets are time-consuming while being associated with high costs. Blockchain technology introduces a new era where stocks are transferred directly between stock market participants, thereby allowing quick transactions.
No Intermediary
Since blockchain technology introduces smart contracts that function with a set of rules, participants trade directly with one another, therefore eliminating intermediaries, leading to reduced transaction costs.
Easier Deployment
Companies exploiting the benefits of blockchain technology are able to gain public lisiting in the form of issuing tokens that is a much quicker process than the complications of going through an IPO to be listed on a stock exchange.
Data Accuracy
Insurers can reduce fraudulent activity and reduce errors significantly since blockchain technology can provide authenticity of customers and their claims. Since blockchain allows multiple third parties to share data amongst each other, problems such as Medicare fraud can be eliminated.
Big Data
Blockchain technology creates big data over time as it is non-destructible which helps to implement a fair pricing policy by creating a trend analysis based on elements such as a number of accidents per driver, accident rates with certain types of vehicles, as well as an individual's health over time.
Automated Claims
The mutual sharing of data amongst multiple parties gives room for more efficient processes. For example, at the time of a car accident, instead of filing various reports, insurance companies could be directly connected to the traffic department's statements, that would automatically generate a claim.
Blockchain technology is transforming traditional methods of assessing an individual’s achievement score while eliminating fraudulent certifications. It will also revolutionize the recruitment process by providing an accurate level of skill set filtration.
Safe Storage
Immutable storage of digital certificates and documentation such as transcripts.
Certificate Verification
Accurate verification that helps identify false certifications.
Assessing Achievement
Better analysis of achievement by keeping track of your life long certifications.
Blockchain technology can provide a reliable chain of evidence while making law enforcement records immutable. It can also help track criminals across borders and enable an intelligence sharing mechanism.
Reliable Evidence
By maintaining evidence related documents and reports on the blockchain, the data can never be altered and is immutable, resulting in reliable and accurate information.
Enable Trust
Adopting blockchain technology renews trust in the legal system a since legal actions or even traffic violations issued are recorded and shared.
Cross-Border Tracking
A digital identity mechanism reduces identity fraud while helping border patrol and other government agencies can track criminals across borders.
Blockchain technology makes peer to peer energy trade possible, as it establishes trust and reduces transactional costs. It also introduces the possibility of automation in smart grids and peer to peer trade mechanisms in the form of smart contracts. Example: A smart contract that is designed to stop energy supply to a node when the power consumption reaches a certain point.
Decentralized Trade
Blockchain technology sets the perfect infrastructure to move towards peer to peer energy trade. It also introduces a mechanism whereby individuals producing their energy can transact with others, without any intermediary.
Automation
Smart contracts can automatically purchase energy at the lowest available price upon consumption. This is just one of many possibilities of automation and IoT in the energy world, made possible by smart contracts.
Privacy
In the existing system, energy companies know who consumes how much. Blockchain technology can protect this information as trades are made anonymously without the consent or acknowledgment of any third party.
Digital Ledger Technology (DLT) allows assets to be tokenized whereby multiple investors can invest in fractions, almost like a crowdfunding mechanism. Smart contracts also allow real estate to be transferred easily between owners.
Crowdfunding
Real Estate assets can be tokenized whereby investors can invest and sell portions of a property easily without extensive paperwork. This makes investing and selling much simpler.
Digital Lease
Lease agreements can be digitized using smart contracts. These can be signed digitally with an online payment mechanism that eliminates the need for physical paperwork.
Direct Transactions
Blockchain technology enables real estate owners to sell or lease their property directly. This reduces agency fees and increases transactional efficiency.
Blockchain technology makes peer to peer energy trade possible, as it establishes trust and reduces transactional costs. It also introduces the possibility of automation in smart grids and peer to peer trade mechanisms in the form of smart contracts. Example: A smart contract that is designed to stop energy supply to a node when the power consumption reaches a certain point.
Artificial Intelligence
Using Smart Contracts, information such as traffic conditions, live accident information and driving speeds can be intercommunicated amongst self-driving vehicles, enabling a new level of AI.
Decentralized Ride Sharing
Peer to peer ride sharing can now be decentralized, whereby drivers can connect directly to riders without any intermediary. This helps reduce costs of commuting while drivers earn more.
Fair Road Tax
Vehicle driver's can be taxed in a fair manner by storing critical information such as number of hours and vehicle type on the blockchain. This way a car that drives more over time is taxed more rather than equally taxing all vehicles.
Empowering organizations around the world with blockchain technology and solutions. Blockchain News from around the world.
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With the recent development of blockchain technology, many companies around the globe are looking at benefitting from decentralization using distributed ledger technology.
