Problem to solve… and Blockchain as a solution

Whenever you establish a connection with a partner, you encounter the responsibility of defining, executing, deploying, and upholding multiple elements of the integration. This process must be repeated for every third-party connection. The costs associated with this endeavor are often distributed among different teams like Security, Legal, Networking, EAI, Infrastructure, Development, Business, etc; making it challenging to ascertain the total expenditure.

The process of establishing the budget for implementing an integration is highly intricate.

This complexity primarily arises from the tendency to consider only the development phase during the planning stage, while overlooking other related expenses.

Consequently, this approach often leads to underestimation of costs and subsequent project delays.

Entering to Web 3.0

At the beginning... it was just sharing.

The first layer of the Internet (Web 1.0 if you wish) was a collection of interconnected computers using routers and DNS to create a web of redundant paths for seamless connection. In this early stage, there was little emphasis on security and privacy. Everything was available and accessible; you simply needed to know the hyperlink.

In the mid-90s, a significant transformation occurred with the introduction of encryption and the Secure Socket Layer (SSL). This marked the beginning of the private era of the internet (Web 2.0), leading to the emergence of a vibrant ecosystem of new applications. Social media, e-commerce, home banking, and a plethora of other applications flourished, leveraging the privacy and security provided by SSL. Nevertheless, the Internet primarily served as a medium to connect two computers, with the bulk of processing and storage power residing at the end of the line, either on-premise or in the cloud.

Over the last decade, a new layer of the internet has been evolving, and today it stands ready to revolutionize the world. This new layer is built upon blockchain technology and Smart Contracts (Web 3.0), providing enhanced storing and processing capabilities. Blockchain is a decentralized and distributed ledger technology that records transactions securely and transparently across multiple computers.

We don't need to rely on third parties for validation or intermediation between participants; blockchain offers a more cost-effective solution, in a secure and uncorrupted way because, in the end, it's just code.

This new layer is worldwide, permission-less, censorship-resistant, always available, and adheres to the internet so strongly that we should shut down the internet to turn it off. This new layer is not only meant to replace many intermediaries, increase availability, and automate many of today's businesses but also to allow us to create a new era of applications that today we are just starting to imagine.

Design for EAI (Enterprise Application Integration)

When the Internet became the backbone of enterprise collaboration during Web 2.0, connecting systems posed a significant challenge, leading many companies to invest considerable time, money, and effort in finding solutions. While the Internet served as a communication channel, it did not offer any additional services beyond connectivity. As a result, each company had to implement its own Enterprise Application Integration (EAI) solution, involving complex software, hardware, security measures, training, and skills.

However, with the introduction of the Blockchain layer, the transport ecosystem now provides security, storage, and hardware capabilities. This development allows the simplification of many EAI tasks, offloading them to the Blockchain. In this new era, EAI tools can work seamlessly in the background, akin to electricity flowing through wires, making them nearly invisible to the company.

Using Blockchain as a solution

By leveraging the capabilities of blockchain, numerous tasks involved in each integration can be simplified and reused. As a result, the responsibilities assigned to the different teams during the implementation can either be eliminated or significantly reduced.

This streamlining allows your company to shift its focus towards the primary objective of integrating business data, which was the original goal. With the burdensome tasks minimized, you can concentrate on achieving seamless integration without being encumbered by the complexities previously associated with multiple teams and their responsibilities.