The blockchain process of transacting and storing information on a decentralized, distributed ledger yields many benefits for enterprise application data:
An integrated network, updated in real-time with always-consistent data
Ability to set rules for each blockchain enforces compliance
Tracing data from provenance to present to reduce disputes or discourage fraudulent activity
Increased efficiency of industry processes, reduced auditing costs
Consent, protection, and control of consumer/customer data
High level of trust in repository of transactional data
While blockchain use cases are exciting to explore and research, it’s important to point out the gap between potential and tangibility of implementation. FlureeDB hopes to bridge this utility gap, bringing a practical solution to any enterprise application wishing to manifest blockchain’s benefits.
Without further ado:
Every/Any Industry
Information-sharing across organizations — trust, transparency, and efficiency
Supply Chain Management — With FlureeDB, a consortium of stakeholders in a supply chain can own, operate and enforce rules for their own shared blockchain.
Coordinate logistics, payments, financial terms, and contract rules
End-to-End visibility and tracking of supply chain process in real-time
Auditing — Records can be instantly independently verified.
Compliance — Track processes against regulations with pre-defined rules
Business Contracts — Set pre-defined rules for transactions between two or more companies engaged in a partnership
Automotive
Track truthful, full history of vehicle from pre-production to sale
Supply chain parts management
Banking, Financial, Fintech
Streamline payments processing with high efficiency, fast and secure transactions
Empower global transactions, tearing down national currency borders
Minimize auditing complexity for any financial ledger
Charity
Tracking donation allocation, accountability, integrity
Reduce overhead and complexity of donation payment processing
Cloud Storage
Increased security with a shift from centralized data security to decentralized network
Lower transactional costs within a decentralized network
Crowdsourcing unused cloud storage