Blockchain consulting & strategy

What's the blockchain technology?

The blockchain is a distributed (or "decentralized") digital ledger that records transactions across a network of computers. It was originally created as the underlying technology for the digital currency, Bitcoin, but its capabilities have since been recognized as having much broader potential.

One of the key features of the blockchain is that it is an immutable record, meaning once data is recorded on the blockchain, it cannot be altered. This is achieved using complex cryptographic & mathematical algorithms and a consensus mechanism, where multiple users (nodes) must agree on the validity of a transaction before it is recorded on the blockchain.

Coupled with a flexible level of transparency depending on whether you opt for a public, hybrid or private blockchain, this technology can bring many benefits to companies:

• One benefit is it can increase trust in business transactions by providing an unchangeable record of all activity. Audit processes are simplified and the need for intermediaries for certain types of transactions can be significantly reduced (disintermediation).
• Additionally, blockchain technology allows the creation and exchange of digital assets in complete security, of which use cases are those that we wish to attribute to them, opening new perspectives of governance, loyalty, and automation, based on smart contracts. From efficient supply chain management, to access management, to dematerialization, the possibilities are almost infinite.
• Another benefit of blockchain technology is the increased security it provides in protecting against fraud and hacking. This technology is immutable so once data is recorded on the blockchain, it cannot be altered which makes it more difficult for data to be tampered with.

Overall, the blockchain has the potential to revolutionize how businesses operate by increasing transparency, security, and efficiency in a wide range of industries. It is still a relatively new technology and it's still being explored and experimented on many different areas and has yet to reach its full potential but the benefits it could bring to the business is significant and undeniable.

Unleash the power of blockchain technology with bws.

Increase the traceability, transparency, and security of your technical or commercial operations by integrating blockchain into your digital strategy.

Our team of experts will work with you to build the skills and autonomy of your employees in the use of blockchain, and provide your executives with a strategic view of this technology to help them position your company on these key topics, design and implement the perfect blockchain solution for your business, whether it deals with supply chain management,  digital asset or Non-Fungible Token (NFT) creation.

Get ahead of the curve and join the ranks of forward-thinking companies using the transformative capabilities of blockchain by choosing bws.