Blockchain for Integration
Pioneering businesses are using Blockchain technology to gain a competitive edge and gain trust and transparency for all stakeholders. This cutting-edge technology uses data collected from connected back-end systems to create an indisputable record of transactions which streamlines business processes and enhances security.
Blockchain for Integration is a powerful technology which creates an immutable record of transactions that can be used to optimize business processes, enhance security, and maintain trust between stakeholders. It reduces costs by removing middlemen and ensuring that transactions are quickly and accurately fulfilled.
At Codit we have an “integration first” approach to Blockchain technology. Blockchain can be viewed as a B2B communication platform, like BizTalk. But unlike a typical integration platform, it is distributed by design and as a result, it is 100% tamper-proof.
Blockchain allows all members of the consortium to automatically share and participate in one single source of truth. This source of truth is completely transparent to all stakeholders, so it generates trust among those members.
This cutting-edge tech cuts out middlemen, minimizes disputes and ensures the quality and provenance of goods and assets. By being an early adopter, you’ll be recognized by customers and partners as an innovative company/organization willing to go that extra mile to ensure quality and transparency.
- Enhances security
- Streamlines operational processes
- Ensures the highest quality of goods
- Simplifies B2B communications
- Creates immutable records of transactions
Blockchain for Integration addresses three core business challenges:
Security: With Blockchain you’re able to time stamp a transaction – whether it’s a document or service – and this timestamp can’t be changed. This is the principle difference between the Blockchain and a database. With a database it’s feasible a user with the right permissions can add, change or delete records. With a Blockchain this is impossible. Blockchain technology is designed to complement databases by adding an extra layer of security.
The use of encryption, automation and decentralized storage means that data can be trusted by all stakeholders. It’s the perfect solution for industries where 100% secure ledgers are paramount.
Streamlines Operational Processes: Data transactions across complex networks are recorded in an immutable Blockchain ledger. This can occur across a supply chain where data frequently changes hands between countless stakeholders
Automation: Smart contracts allow stakeholders to create agreements which are fulfilled when certain conditions are met.
With over 18 years of experience, Codit is a leader in all things integration. We focus on pragmatic approaches and solutions for using Blockchain for Integration in B2B ecosystems. We believe in a holistic approach where we guide you from ideation to realization of your Blockchain for Integration project.