What has IoT to do with Blockchain ?
The number of connected objects in the world is following a really high speed of growth. According to Gartner, in 2017, 8,4 billions of objects are already connected (both B2C and B2B), and the estimation for 2020 is about 20 billions, meaning 2,5 times more ! This is probably conservative, as some other companies estimate this number between 30 billions and 80 billions. Therefore, the transfer of datas between those connected objects and central (or decentralized) servers w
Banks and Insurances are up to speed with Blockchain
There are many experiments, and development projects on-going right now, especially in the banking and the insurance industries. In an article from the Harvard Business Review, Alex and Don Tapscott (1), describes a global financial system that “is rife with problems, adding cost through fees and delays, creating friction through redundant and onerous paperwork, and opening up opportunities for fraud and crime”. They explain later in their article that most banks are therefor
With Blockchain, the future of contract is "SMART"
Source : Blockchaintechnologies.com A Smart contract, is a new type of contract, enabled by the Blockchain technology. Its main characteristic is that it “automatically” executes when an occurrence appears. For example, a Smart Contract can manage a payment, that executes immediately when an event (previously coded in the contract) occurs : automatic payment when a delivery at final destination is confirmed. We can also think about a change of prices, automatic, when material
Procurement managers : grab the opportunity of Blockchain
The Blockchain is spreading in many sectors and for many applications, and probably a lot of the applications are not yet neither studied or even imagined. Within Achaz we think that procurement should grab this new technology and see in which operations it can help in our daily businesses, in which area ot could help our business partners to add value to the product and services of the company. There are 4 operational ways of embracing this new technology and participate to
Blockchain a game changer for the Supply-Chain
How many third-parts do companies need to rely on, especially in the supply-chain, in order to make business together ? If you think about it, really many. Without being exhaustive, we can think about banks, customs, freight companies, quality inspectors, insurances, intellectual property registers, taxes departments, etc. The experience show that interfaces between those parts and one’s organization are time consuming, causing delays and misunderstandings, require a high lev
Do you know Nakamoto ? The origin of Blockchain
The origin of the blockchain is in the Bitcoin, this virtual currency created in 2009. As a matter of fact in 2008, after the financial crisis, the still unknown designer of the cryptocurrency Bitcoin, acting under the pseudonym of Satoshi Nakamoto, thought about a currency that would be usable without the intermediary of financial parties (banks). The biggest challenge for this was to protect this (virtual) currency from double spending : how to give confidence to users tha
BLOCKCHAIN : THE NEXT DIGITAL REVOLUTION
WHAT IS BLOCKCHAIN ? In a nutshell, experts say that the Blockchain is the internet of value. If Internet lets us share the content of a document through a copy sent over the network (you keep the original with you), the Blockchain allows to transfer the original, thus value. The ownership or the value of something (the “original”, not a copy, not a fake) can be transferred between “people” (B2B, B2C) in a safe environment. For example, the Blockchain can support the payment
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