BLOCKCHAIN

autonomous - safe - decentralized


Technology sets safety standards!

A blockchain consists of a series of expandable data sets, so-called blocks, that are linked to each other by cryptographic methods. It is a kind of distributed electronic ledger or database, where records are added by digital transactions without the interference of a central administrator. A distributed ledger gives all the participants of the network shared read and write permissions and has a network of replicated databases that are being synchronised via the internet and that are visible to anyone in the network. Each block contains a secure hash of the previous block, a time stamp and its own transaction data.

The major advantage is that the data cannot be controlled by a single entity and that the Peer-to-Peer nature makes trusted intermediaries unnecessary. Among other things, this makes a blockchain forgery-proof, because any and all subsequent transactions are built on the previous ones and must be correct to be validated.

What is a Blockchain?

Blockchain: just a technology –
When does it really make sense?
(Only available in German)


Our managing director and CTO, Lumir Boureanu, talks about
blockchain basics and how to use the blockchain in
practice in this eye-winking webinar replay. He compares
solutions with and without blockchain technology, as well as
their respective advantages and disadvantages.

• Basics: blockchain essentials

• Practice: how to actually use the blockchain

• Summary: blockchain is “just” a technology

Use Case.
Factoring with Blockchain.

THIS IS FACTORING In factoring, the factoring client, usually a company, directly
sells its receivables from the delivery of goods and/or
services to a factoring institute (factor), immediately
receiving liquidity from its receivables. In return, the
factor constantly checks the credit status of customers
and assumes the full risk of failure.
Use Case.
Factoring with Blockchain.

A CLIENT’S BENEFITS IN FACTORING In addition to a faster settlement, factoring offers
protection against bad debts. The end customer
benefits from an improved planning capability and from
faster processing, gaining competitive advantages.
The immediate liquidity enables a better flexibility in
purchasing, i.e. companies can more often benefit
from special rates and cash
discounts.
Use Case.
Factoring with Blockchain.

A FACTOR’S BENEFITS IN FACTORING The factor can also speed up processing through
automation and minimizes the financial risks of
his customer.
Use Case.
Factoring with Blockchain.

DEMOCRATISATION OF THE FACTORING INDUSTRY With blockchain technology, each invoice is unique and can be evaluated by a credit scoring algorithm, which renders the whole process of invoice financing automated and transparent. The process of assessing risk-related information:

Blockchains are perfectly suited to tokenising financial investments and carrying out complex ownership changes. Compared to manual risk assessment, with its large number of financial intermediaries, the blockchain can process decentralised tests and payment functions much more efficiently and fairer.

compacer
Top 10

OUTSTANDING BLOCKCHAIN SOLUTION

The editorial staff of the CIOApplications magazine attaches enormous importance to blockchain technology. Therefore, a jury of the magazine once a year chooses the top 10 European blockchain providers. compacer is one of the top 10! The listing publishes the top ten leading global companies offering blockchain technology and transformation solutions.

The concept of decentralization that underlies this technology is so groundbreaking and diverse that the fields of application seem to be almost infinite. Blockchain technology is already revolutionizing the procedure of many processes worldwide, such as invoicing - and this is just the beginning.

It is important to us to help our customers and find out when blockchain applications are justifiable and economical.

Certificate
Top 10 List
CIOApplications Europe`s article

Quote compacer

COMMERCIAL PRODUCT DEVELOPMENT

We take care of the development of applications that we will run on your behalf on a predetermined distributed DTL network.

CONSULTING SERVICES

compacer guarantees individual and holistic solutions. Therefore, we accompany you from your initial DLT idea to the development of a proof-of-concept and consult you until your product is finished.

MANAGED SERVICES

Our portfolio includes the provision of a secure platform (PaaS). We want our clients to remain flexible, therefore, you can choose from different service packages. Just ask us!

SOFTWARE AND HARDWARE MAINTENANCE

Of course, we guarantee an optimal maintenance of your DLT network.
 

Send message now!

 

Interested? No problem.

Our blcokchain experts are looking forward to meeting you!

MORE ABOUT BLOCKCHAIN

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