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Higher Performance with Blockchain Solutions

Blockchain: From buzzword to company practice

Adding transactions and making them visible

When you want to bring a blockchain solution to life you have to solve several problems at the same time and it is usually not in a customers core expertise. Andreas Dittrich shows how T-Systems supports.

How does a blockchain work?

Man is sitting in the office at the desk and reading something focused on the laptop.

Blockchain is a register with decentralized distribution in which all of a network's transactions are saved. Here, several transactions are collated in one block and the blocks are linked together chronologically. What is crucial is that the correctness of a piece of information no longer needs to be verified by a central authority, but is confirmed using a transparent mechanism of consensus between the participants. Blockchain technology thus supports cooperation across the organization along the entire value chain.

The benefits that blockchain technology brings to you

Automation

  • Automating document processing in the blockchain via smart contracts
  • Saving important documents directly in the blockchain using time stamps
  • Avoiding human error and error-prone manual processes
  • Time and cost savings
  • Increasing efficiency with automated processing

Digital trust

  • Immutability of information
  • Tamper-proof timestamps and digital signature/clear identification promote digital trust
  • Central authority no longer required ("Single source of failure")
  • Increases data integrity

Traceability

  • Tracing supply chains incl. transport parameters (temperature etc.)
  • Transparency for tracing the supply chain – recall campaigns/damage limitation can be implemented much more efficiently, quickly and securely
  • Participants can see changes

Blockchain technology can be used in all areas where large-scale and comprehensive exchange of data takes place to maintain data integrity.

Mr. K. Munsi, Head of the Department for Software Development at the Federal Office for Migration and Refugees in Nuremberg

Our customers are happy to report on how we optimize processes using blockchain technology

Blockchain: the future of the industry

How does Blockchain work in industrial practice? What advantages does it offer? And how can it be implemented?

Our blockchain portfolio to meet your requirements

Infographic: Our blockchain for your needs

All-round offer in the Blockchain Solutions Center

From the idea to the business case review, and from technical proof of concept to online bookable service – we offer a holistic service portfolio.

Why Blockchain as a Service?

An hourglass standing on the keyboard of an open laptop
  • As Blockchain projects currently last only 4-12 weeks on average, it does not make sense to spend a similar amount of time on launching them.
  • Shift from CapEx costs to OpEx budgets.
  • Those initiating a Blockchain project usually don’t know which tools they will ultimately need later on. These costs are therefore not foreseeable. In the Cloud, users have a whole range of tools at their disposal and pay only for the duration of their use of the tool.
  • For a company to be able to set up its own Blockchain environment in the Cloud, special know-how is required. As this knowledge is not scalable, it makes more sense for companies to invest in an as-a-service product than in their own resources.

What is German Blockchain Ecosystem?

We look forward to your project!

We would be happy to provide you with the right experts and to answer your questions about the planning and implementation of blockchain technology in your company.

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