Gain an edge with Blockchain.

There are many ways that a private blockchain for your business can help you have a competitive advantage in today’s challenging markets. Let us guide you on what’s the ideal way for you.

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How can you use blockchain for your business?

…By Industry

…By Use

Gridcube Blockchain Uses Cases

Use Case:

A Token for your Business

Being by far the most popular use case (thanks to Bitcoin, a decentralized coin that stores value), the creation of Digital Tokens or Digital Coins powered by Blockchain, is one of the most impactful applications of the technology today.

How a Token works.

Let’s examine how tokens work: a blockchain network is created, which enables the creation of “ virtual accounts” that can hold units of value called Tokens or Coins. The creation of accounts, and the emission of Tokens, follow rules that are pre-established by the owner of the blockchain. The owner of each individual account (whoever knows the “password” to unlock it), can freely send and receive these tokens to and from other accounts. As the blockchain is highly secure, tokens cannot be stolen from the network. Also, special rules can be established to limit how the token is used, when it is used or other conditions to be met.

How can businesses benefit from having a Token?

Business’s have discovered many ways to profit from their own Token, giving their users, suppliers, employees and investors, new capabilities that were impossible to imagine before.

Some examples are:

How Gridcube can help.

Gridcube enables you to have your own Token for the purpose you desire, with added layers of security like AML, and full control of whatever happens on your blockchain.

We have pre-programmed templates for coin creation, that enables us to have a private coin with rules, created in a few minutes. Picture it as spinning up a fully functional private Bitcoin in minutes. Cool right?

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Securitizing or “Tokenizing” Assets

Tokens can be created to represent Equity, Securities, Land, Real Estate, and many other things of value.

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Tokenized Loyalty Points

Users can now hold loyalty points in a digital wallet, and exchange them freely with other users, or to buy goods or services with them.

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ICO (Initial Coin Offerings)

Imagine it as a de-centraliced IPO of sorts, using a token to represent the value of the company, or underlying asset, that can be bought by micro-investors worldwide.

Use Case:

Backup Data to a Blockchain for unprecedented Security 

Using blockchain technology, data and transactions are processed to produce a unique signature verified by many distributed nodes. When these signatures are entered into blockchain, they can never be erased. This has many important implications.

Governments and regulatory authorities, along with companies and many industries, are accepting the benefits of Blockchain. Even two US states have already passed bills that recognize Blockchain-based technologies as “immutable” and providing “uncensored truth”.

As a result, Blockchain is a new way to backup data to the cloud, by adding a level of confidence to the authenticity of your business data. Today, where data is under constant threat, traditional backup is not enough to guarantee data protection. Blockchain creates a new data protection paradigm where data is not just copied or backed up, but where it is also protected from cyber attacks in the cloud via blockchain-based verification.

Gridcube can provide a robust and reliable way to backup registers, data, employee information, or anything you may need.

Use Case:

Smart Contracts for Business Agreements.

A smart contract is a blockchain-based protocol which was designed to improve the way we work with contracts or agreements. Smart contracts allows you to reduce costs by getting rid of the manual processes needed to settle offline contracts. The “terms” of a smart contract, can’t be misinterpreted since the code will be executed in full accordance with the determined logic. There’s no need for multiple intermediaries that have to approve transactions, so you can forget about the cost of manual operations.

A special feature: Smart Contracts that connect multiple Blockchains.

Also called Multi-blockchain Smart Contracts, companies that each have a blockchain solution can make their blockchain interoperate by creating smart contracts that work on both chains. Businesses can even decide to interoperate with public blockchains like Bitcoin or Ethereum, if they decide to.

 

Some examples:

  • A Supply Chain consortium can decide to use smart contracts to perform operations, allowing to tracking product movements from the factory to the store shelves. Every party involved has a way of signing or refusing to sign special contracts in every step of the way. In this case, the control of the blockchain is shared by all parties, so it’s not possible for one to “cheat” the others by tampering with the system.

  • Smart contracts can be most useful in the cases when the claims process takes a significant amount of time, like Insurance. For a customer, manual operation leads to additional costs. Insurance policies can be automated with ease with the use of smart contracts. The blockchain can contain measurable parameters such as earthquake magnitude, for example. When there’s an insured event, the input conditions of a smart contract will be changed accordingly. As a result, the claims process will be triggered immediately, and the financial payout can be delivered to a customer without any delays. The need of human-driven intervention is reduced which allows reducing costs.

Blockchain Use Cases by Industry

Financial Institutions & Fintech

Blockchain was created with the clear intention of creating a digital asset that had value and could be sent between individuals without any intermediary or middleman. This is a powerful feature that can disrupt many industries, being the Financial industry the first directly affected. You can now use this power for the advantage of your business.

Banking

Blockchain was created with the clear intention of creating a digital asset that had value and could be sent between individuals without any intermediary or middleman. This is a powerful feature that can disrupt many industries, being the Financial industry the first directly affected. You can now use this power for the advantage of your business.

Logistics and Supply Chain

Blockchain was created with the clear intention of creating a digital asset that had value and could be sent between individuals without any intermediary or middleman. This is a powerful feature that can disrupt many industries, being the Financial industry the first directly affected. You can now use this power for the advantage of your business.

eCommerce

Blockchain was created with the clear intention of creating a digital asset that had value and could be sent between individuals without any intermediary or middleman. This is a powerful feature that can disrupt many industries, being the Financial industry the first directly affected. You can now use this power for the advantage of your business.

Some technical features that make Gridcube’s solution unique.

  • Multi-cloud. Gridcube’s underlying technology deploys your private blockchain simultaneously to Amazon, Google Cloud, Azure, and other cloud providers to have maximum flexibility.
  • Blockchain-agnostic. We work with battle tested open-source blockchain technologies like Corda, Hyperledger, Ethereum, and Bitcoin forks.
  • Fully managed, hassle-free blockchain network. Don’t waste your time choosing consensus algorithms, server regions or other variables. We optimize that for you.
  • Highly Secure: being a solution hosted in multiple-clouds and configurations, the access is highly secure, and blockchain assures the immutability of records.
  • Elastic and Autoscaled: the underlying technology that supports Gridcube automatically decides where to create servers and nodes, to optimize costs and lowering prices for our clients.
  • Multi-blockchain Smart Contracts. We enable business applications to interact between different deployed chains, making ecosystems talk to each other, all through the power of Multichain smart contracts.
  • Hybrid Cloud and On-premise deployment. Gridcube allows offline redundancy with on-premise servers also backup up your blockchain.

How Private (or Permissioned) Blockchains Works

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Our Experts

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Mining Expert

Juanito Sanchez

Backend Developer

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Accountant

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