Improving your Company's current landscape
Simplifying your implementations and reducing the budget for maintenance
Extending your integrations and reducing implementation effort
Leveraging your Company's connectivity to the world and Web3
Introducing your Company to Web3 solutions
Providing the basic layer to Blockchain and Smart Contracts
Open a whole new area of relationship
With trust-transfer you'll get a lot of benefits,
but we can identify two main groups
Improving your Company's current landscape
Can you provide an estimate of the ongoing expenses associated with maintaining your current integrations?
Determining the exact cost of maintaining current integrations is challenging. Apart from the initial development and deployment expenses, ongoing tasks related to maintenance are often overlooked when allocating effort and budget. Issues such as connectivity problems, certificate management, missing messages, and more occur regularly but are typically not factored into estimations. These issues can significantly impact a company's performance, resulting in manual workarounds, resource misallocation from other projects resolving issues preventing them from adding real value to the company, and increased budgets that are difficult to justify.
Have you ever wondered why each new integration appears to be just as complex as the previous ones?
The complexity arises from the numerous decisions involved in each integration, such as selecting the technology, protocol, port, certificates, message format, and more. When integrating with a third-party that you have previously connected with, you can reuse approximately half of the work done before. However, if you are establishing a connection with a completely new third-party, the amount of reusable work is almost negligible. Consequently, it becomes necessary to assemble a new team for each integration, encompassing a wide range of technologies and skills.
In contrast, with trust-transfer, you can achieve a reusability rate of 100% when integrating with a previously connected third-party, and approximately 80% when connecting with a new third-party, by standardizing the integration process and connecting with a blockchain that serves as a centralized hub for connectivity.
Have you ever pondered the amount of time and effort invested in data reconciliation?
Typically, data reconciliation is overlooked during project planning due to budget constraints. Each integration, third-party system, tool, or protocol may demand distinct monitoring methods and specialized skills, further complicating daily activities. However, with trust-transfer, all this complexity and variation are streamlined into a single, automated, and completely reliable solution.
Creating communication channels
Point-to-Point
You and your Partner communicates in an exclusive channel, sending and receiving messages.
Community
You decide who can participate, each participant can send and receive messages to each other (to one, all or just a selection).
Distribution Channel
You create your own distribution list, and only you can send message to all (a few or one) participants. They can't send messages, only receive them from you.
Open Community
Open group, where anyone can participate, sending and receiving messages.
Leveraging your Company's connectivity to the world and Web3
Innovation and Competitive Advantage: Adopting blockchain, smart contracts, and NFTs demonstrates a company's commitment to technological innovation, potentially attracting new customers, investors, and partnerships.
Disintermediation and Peer-to-Peer Transactions: Blockchain removes the need for intermediaries, allowing direct peer-to-peer transactions. This reduces costs, eliminates reliance on third parties, and facilitates faster settlement.
Streamlined Auditing and Compliance: Blockchain's transparent and immutable nature simplifies auditing processes, making it easier to demonstrate compliance with regulatory requirements and industry standards.
Enhanced Data Privacy: Blockchain technology offers privacy features that allow sensitive information to be shared securely on a need-to-know basis, protecting data from unauthorized access.
Improved Traceability and Supply Chain Management: Blockchain enables end-to-end traceability, providing a comprehensive record of a product's journey through the supply chain. This helps prevent counterfeiting, ensures product authenticity, and enhances quality control.
Increased Efficiency and Speed: Smart contracts enable automated and self-executing agreements, eliminating the need for manual intervention and reducing processing time. Blockchain's decentralized nature also eliminates the delays associated with traditional centralized systems.
Cost Reduction: By eliminating intermediaries and automating processes, blockchain and smart contracts can reduce transaction costs, administrative expenses, and the need for manual reconciliation.
Enhanced Security: Blockchain utilizes cryptographic techniques to secure data, making it highly resistant to unauthorized tampering or fraud. Smart contracts, executed on the blockchain, provide automated and secure contract enforcement.
Transparency and Immutable Records: Blockchain technology provides a transparent and tamper-resistant record of transactions and data. This transparency fosters trust among stakeholders and ensures the integrity of information.