Blockchain can create new relationship models where parties that do not usually trust each other can interact trustfully. Thanks to the new levels of data governance provided by smart contracts.
All operations on a blockchain platform are digitally signed by the sender, connected to the previous entry in the blockchain and distributed among all participating nodes. This not only makes transactions more secure, but also impossible to tamper with. This extends to processes, data and people; taking security to another level.
Being able to record in the blockchain every operation or step of a process, provides this technology with a level of traceability only limited by the detail of the data being recorded. As well as being protected by unparalleled security levels.
Blockchain and its possibility of running smart contracts will definitivily ease the transformation of complex processes with several actors into efficient processes where information is shared, processed and audited by all participants in a permissioned manner.
As said, blockchain and its smart contracts will allow anyone to give access to their data on a permissioned manner, where data can be mined by others without compromising the security or the annonminity of the data.
What does the market say about blockchain?
“Long-term, Gartner believes this technology will lead to a reformation of whole industries.”
DON TAPSCOTT “Who is going to invest in a company that shows you what’s going on quarterly, compared to one that shows you what’s going on all the time?”
BLYHE MASTERS (investment banker)
“You should be taking this technology as seriously as you should have been taking the development of the Internet in the early 1990’s”
WILLIAM MOUGAYAR(The Business Blockchain)
“Online identity and reputation will be decentralized. We will own the data that belongs to us.”
MARIYA GABRIEL (Commissioner for Digital Economy and Society)
"In the future, all public services will use blockchain technology. Blockchain is a great opportunity for Europe and Member States to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefiting citizens, public services and companies."
What we are doing for our customers
Blockchain takes the concept of digital identity to a new level, as an identity can be generated not only for people, but also for other things like objects and processes. Having a framework where people, things and processes have an identity allows the creation and development of new relationships models based on trust networks. This is especially good for SmartCity projects, where all the participants -wherever people, things or processes- will see their data managed with the required levels of security and traceability.
Managing of the lifecycle of anything is usually a complex process that involves a high number of iterations and relationships. Blockchain allows to provide a digital identity of whatever we want to manage, so we can trace and securely control every step in the lifecycle of it. This effectively creates a seamless lifecycle process that can be enforced and audited by every participant on the lifecycle. Easing the process and the compliance with the process and any legislation that might affect this lifecycle.
Traceability of physical items is a great challenge for the logistic industry. Millions of companies around the globe send stuff to each other in daily basis. Having trustworthy and precise information of where is and who is carrying their items is the dream of any of these companies. Also, there are new actors coming to play in the logistic scene, and they bring new services which increase competitiveness and reduce final prices for customers, but it also complicates the traceability of any merchandise.
Distributed Inventory management
Nowadays, one of the main concerns for companies worldwide is the reliability of the information that they interchange with other companies, wherever they are customers or service providers. This is because all business decisions are made based on the data that the company possess, so having the wrong data will lead to the wrong decision, which can be catastrophic for a company. Blockchain make possible the creation of platforms that can manage distributed data precisely, without the need of information exchange, as its available in a permissioned manner to everybody on the blockchain. Using this technology, distributed inventories can be created where data from company A can be hosted on the blockchain of company B and only managed on the basis of the agreement made between the two.
Connect to us
The root of the noun ‘Kolokium’ is the latin word Colloquium
which in Spanish means 'Coloquio'.
The closest English word for it is Discussion
and literally means:
"A meeting where a limited number of people are invited to discuss a problem without the compromise of having to reach an agreement."
And this has been the philosophy of Kolokium since its inception. To talk about real problems and try to resolve them using blockchain technology. But always starting with a conversation.
If you would like chat about how we can help you, please reach to us. We will be more than happy to have a coffee and a chat with you.
Work with us
At Kolokium we are always looking for inquisitive people not scared of challenges. If you are one of them and have an interest on working with blockchain technologies, have frontend/backend experience or are just convinced that you can help us. Please get in touch.
How to find us