Lack of security and transparency, complex and reduced traceability, poor efficiency and speed, difficulty verifying transactions, and difficulty demonstrating the declared performances with verifiable data. These are just some of the problems businesses are experiencing today. The blockchain offers the solution to all this, but there are different types on the market, each with specific limitations.
The blockchain offers numerous benefits for the business, which, as we have said, can be (just to name a few): greater security and transparency, immutability, simple and total traceability, efficiency and speed, and verifiability of transactions.
Generally speaking, this entails a greater trust in the brand on the international scene. In turn, it means consolidating the reputation and becoming a reference brand for consumers and stakeholders. Costs can be reduced, and operations improved. A new business model for companies that look to the future and align with the needs of new consumers, increasingly linked to brands that make truth their central value.
There’s more; according to Gartner, blockchain technology will generate an annual business value of approximately 3.1 trillion dollars by 2030. Blockchain-based systems will manage 10%-20% of the global economic infrastructure within the same year.
But the solutions on the market are different, and it is often unclear to companies which type is right for them. To sum up, we have the public blockchain, which has a decentralized structure. No authorization is required to create a new block, access the network, or execute transactions. Then, there is the private blockchain, which is subject to a central authority determining who can access them. This authority determines the roles a user can fill within the network and, therefore, the visibility of the recorded data. A small number of selected and trusted nodes decide who can participate in verifying the transaction process.
In both cases, the company is not free to operate on these technologies as it is subject to restrictions or full visibility of the data it publishes.
Now you can stop worrying and get comfortable; you have Traent’s hybrid blockchain at your service.
Traent’s hybrid blockchain simplifies your work
Traent’s hybrid blockchain has some unique characteristics. First, it was developed by combining the best features of public and private blockchains. This allows organizations to choose the degree of transparency. In fact, granular data disclosure allows immutable data to be selected and published while keeping sensitive data private. Companies can thus showcase their performance with the confidence that the data kept safe will remain protected. Our technology is tamper-proof; this allows you to sleep peacefully even if you have to manage an infinite amount of data. Furthermore, our technology has low transaction costs, even for data-intensive applications.
Unlike other solutions on the market, it is simple to use and adopt. Once you’ve purchased a node, that’s it. You will have all the security of the blockchain and the simplicity of a web2 solution, with all the functions accessible in just a few clicks. This simplicity of use of our blockchain allows us to obtain the perfect match of customer-oriented and value-oriented approach, giving you an easy-to-use tool as web2 but also extremely capable as web3.
Among other features is the reduced adoption time being ready to use (you don’t have to wait years to get it, and you don’t need an IT team to adopt it).
Traent Era: a revolution based on speed and efficiency
Above this powerful engine, which we call the beating heart of our solution (invisible to the eyes but the center of activity), we find Traent Era.
Traent Era is the platform that is easy to use and adopt. The layout is simple, the functionality is understandable. You won’t need an IT team to run it; any team member can do it (the company’s management can define the level of action on projects). This level can also be defined for those outside the organization who can see entire projects or individual project parts.
The platform connects to IoT systems through simple APIs, making data transfer simple and straightforward. This allows you to speed up your measurements and use a single system to manage all the data required by institutions and auditors. The Era platform becomes the tool from which you can manage everything.
It didn’t end there. Another feature, Traent Viewer, allows you to publish selected and extrapolated data from your blockchain. Viewer is custom-built for you, based on your needs, what you want to show, and the look and feel of your brand. You will have a unique instrument, with your brand in full view and performances in the foreground, without the effort of having to create it. Customers and external users will access the Viewer with a click and from the browser. There would still be a lot to say, so I suggest you visit our website and contact us for more information.
One solution, an ocean of advantages
Traent Era and our hybrid blockchain can be easily used by a wide range of organizations. Our main solutions are 3:
Digital product passport: to monitor products throughout their life cycle, from production to disposal, and verify processes in real-time, increasing efficiency and extending product life. Furthermore, businesses can predict risks by eliminating or reducing their impact, showing and guaranteeing the product’s authenticity, preventing fraud, and much more. Read more.
ESG Data & Reporting: to select and publish data directly from the blockchain. Build ESG reports with authentic data that can be verified by all stakeholders, from clients to auditors. Companies can track product and carbon footprint data and tokenize their credits. Read more.
Supply Chain Management: to control and manage the entire supply chain, reducing risks and improving sustainability performance. With multi-level transparency, companies can quickly identify and correct weaknesses or inefficiencies at all levels. Choose who can access your information and own immutable data protected from cancellation, manipulation, revision or dissemination. Read more.
So to recap, you’ll have a single, complete blockchain solution that’s simple to use and allows you to do all this and more. We know it seems difficult to imagine, that’s why we advise you to contact us.
Blockchain technology can solve various business problems, but the systems available on the market have limitations. Traent has developed a hybrid blockchain tailored for enterprises, combining the best public and private blockchain features, overcoming the limitations.
Above this engine, the beating heart of the solution, Traent has developed Traent Era, a platform that is simple to use, with a clean layout, and which allows the management of complex processes and projects, without data limitations, with a low environmental impact, which may involve several people at the same time.
Companies can manage all the data produced, which becomes immutable thanks to the blockchain. They can also decide to publish their performances thanks to Viewer, which allows a simple, aesthetically beautiful, and branded public display with the look and feel of the company. The external public will be able to view these immutable and, therefore authentic data directly from the browser with a click. Thanks to this complete and simple-to-use solution, designed and tailored for the business world, it is possible to create Digital Product Passports, ESG Reports and manage the entire Supply Chain. Traent has created three main solutions on a technological infrastructure that lends itself to infinite others, which will certainly be designed for the future. Contact us for more information.
Companies will finally be able to get comfortable, forget the complexity of the innumerable tools used, and benefit from a single solution. The brand’s reputation will grow because authentic and immutable data will finally support enterprises’ commitment. Efficiency and authenticity will drive the business.