Fincons teams up with Traent to offer the manufacturing sector an innovative solution based on blockchain technology. Traent’s solution enables increased efficiency, risk mitigation and improved internal and external engagement. Traent’s Web3 ecosystem supports a wide range of use cases, from supply chains to end-to-end process and product management.
Industry 5.0 requires technologies to interact with each other, providing added value and ensuring effective service. Manufacturing industries want to show supply chain and product quality through verifiable and reliable information. They also want to streamline procedures and processes.
With its modular approach, the Fincons Open Innovation Platform hosts the innovative Traent solution. Traent marks a step forward in the industry, ensuring a smart and modular integration adaptable to customer needs.
Manufacture meets blockchain technology
Traent solution is available within the Fincons Open Innovation Platform, exploiting the opportunity to manage and enhance the information effectively. Presenting a series of game-changing characteristics, Traent makes the blockchain an enterprise-grade technology.
Among the solution’s benefits offered to the market, we can mention:
- Reduced time of implementation (nodes are ready in minutes).
- No-code visual workflow editor with no need for additional resources involved.
- Support for real-time collaboration with a high-volume of data.
- Low latency.
- Minimal environmental impact.
- Full transparency with sensitive and confidential data protection.
A solution signed: Traent
Traent has built a Web3 ecosystem to provide a complete solution, addressing today’s business needs and tomorrow’s challenges. The ecosystem consists of three key elements:
- An infrastructure of sovereign nodes allows each enterprise to quickly create thousands of autonomous and independent blockchains in a short time.
- Traent Era is an easy-to-use collaboration platform on blockchain, suitable for real-time interactions.
- Traent Viewer, a new web3 tool that allows the publication of personally selected verifiable data, making blockchain content easily accessible to any public, from auditors to end consumers.
Traent technology is horizontally scalable, balancing traffic and keeping a low latency when adding new nodes. The storage, implementation, and infrastructure costs are low, and the implementation time is reduced from months to minutes. Moreover, thanks to Traent hybrid blockchain, companies can decide what to publish and keep private.
The data exported from the blockchain remains immutable and verifiable even if not displayed to anyone. It is an enormous advantage for businesses that are no longer forced to an all-or-nothing transparency degree.
Traent’s innovative hybrid solution combines the best of private and public blockchains in terms of functionality, business benefits, and performance. Enterprise data cannot be tampered with, reducing the occurrence of any risks. Traent has no data volume limits and has a low environmental impact, even with intensive operational scalability.
One platform, a thousand opportunities
Within the Traent Web3 ecosystem you can find Era, the first collaboration platform on blockchain where companies can interact in a simple yet authentic and transparent way. Era has an intuitive interface and can be easily integrated with IoT sensors and APIs, allowing an automated flow and information update. Meaning that devices and softwares (e.g., from temperature sensors to management systems) can trigger automated actions, such as a delivery process registered on blockchain.
The Traent platform allows to create, manage, and share projects. This solution enhanced and simplify the way to do business thanks to the automated workflows (smart contracts) which give greater process control and allow a more fluid collaboration. The no-code workflow visual editor guarantees effortless creation, refinement, and sharing of smart contracts with no need for further coding so everything can be done in-house without additional resources involved.
Rounding out the solution is the Traent Viewer, a new Web3 tool that allows the publication of selected, immutable, and verifiable data directly from blockchain on the Web. Thanks to the Viewer, your communication with stakeholders, auditors, and customers, will finally be reliable, engaging, and data-based.
The power of an open innovation approach
Every company has its own effective procedure for running its business, choosing the most suitable solution to support and improve its processes. An open innovation approach enables the modulating of dedicated solutions, adapting them easily, and integrating them into any company’s core business systems, increasing the output value.
The Traent Web3 ecosystem within the Fincons Open Innovation Platform to improve business efficiency and transparency.
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