Don’t trust anyone who throws around terms like decentralized system or trustless ledger without knowing what they mean. For one, a decentralized system is not decentralized, but distributed, and even a trustless ledger can’t survive without a certain extent of trust—it’s just distributed differently. Even the term “blockchain” is often either over or undervalued. Some articles make it sound like blockchain is the magical solution to the world’s problems.
Truth is, we’re a long way from maximizing these technologies, not to mention an internet without central servers or middlemen. As it stands now, blockchains can only serve very specific functions, with particular areas of application—even if distributed ledger technologies may very well revolutionize a variety of fields. We are happy to organize a workshop for you and explain what this means for you and your business, as well as why everybody is talking about Distributed Ledger Technologies (DLT) rather than blockchains.We explain Blockchain so you can understand it!
Combining unalterable databanks with Smart Contracts creates nearly unlimited numbers of new application possibilities. Over the long run, decentralized applications may affect platform-based business models such as Uber and Airbnb. Theoretically, classical business models could even give way to decentralized autonomous organizations (DAO.)
Businesses are successfully applying blockchains and Distributed Ledger Technologies to optimize supply chains or by using Smart Contracts to automatize travel insurance payments for delayed flights. Even if blockchain-based currencies have not yet become established modes of payment, assets have been successfully represented in shape of tokens (vouchers) rendering them tradeable. Possible applications are increasing exponentially. So, what does that mean for your business?We help you identify appropriate areas of application!
Depending on its application, choosing the right platform for a Distributed Ledger project will focus on either quick transactions (e.g. with IOTA) or safety (e.g. Ethereum.) A whole host of questions need to be answered before making a choice, including the project’s geographical focal point or whether it would make most sense to create a private or public platform.
Ideally, an analysis of the specific case’s demands, feasibilities, and implementation possibilities will be performed. Finding the right people seems to be the most prevailing problem in implementing pilot projects. We are well-connected and can offer easy, project-based referrals to specialists or organize Hackathons.We’re glad to assist you with implementation and choosing the right platform!
DEBLOCK [ˌdi:ˈblɒk] to deblock sth = to remove an obstruction or obstacle.
DEBLOCK is a Business Development and Innovation consultancy for blockchain and Distributed Ledger Technology solutions. Unlike large and generic agencies, we offer individualized and platform-neutral consultations. Our strength lies in translating complicated cases into project outlines, presentations, and analyses. Our extensive network will take care of the rest.
Blockchain and Distibuted Ledger technology consulting
Associates: Sebastian Heyden, Jörg Schatzmann
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