Blockchain Agnostic Consulting
Our Concise Industry Standard Methodology
Within the Expert Consulting Phase, We Gain a Complete Understanding of the Organisation to Optimise Results
Examples of the Efficiencies we have elucidated from Blockchain
Elimination of paper processes and their costs such as storage of paper archives and their management.
Reduction in administrative costs of processing of day to day work flows.
Reduction in administrative costs of reconciliation between parties were parties agree that the blockchain is the common registry of all their common transactions.
Increased efficiency of administration teams means reduced cost of increasing workloads or reduced staffing requirements.
Reduction of transaction fees and overhead costs for exchanging assets by eliminating third party intermediaries (e.g. clearing houses)
Reduction in litigation and dispute resolution costs due to contractual adherence by all parties to the transparency and truthfulness of the blockchain. In other words all parties agree that the blockchain is the single source of truth, therefore no arguments can arise concerning a transaction registered there.
Increased speed of processing of work flows lead to cost saving at downstream processes and lower impact on cash flow where service is payable.
Revenue enhancement opportunities exist including higher collections, faster time to market, faster optimization of pricing
Reduction in cost and time for independent/public financial audits for compliance to regulatory requirements
IN THE TECHNOLOGY FUNCTION
Reduced license costs as blockchain technology is mostly Open Source, license costs normally associated with database systems and application platforms can be reduced or eliminated
Reduction in reconciliation systems, including expensive database synchronization, due to the trust environment created by blockchain
Reduction in security costs as data is encrypted by default as necessary
Reduction in IT costs of workflow processing issues and enhancements due to automation
Savings in general operating costs due to the reduced number and complexity of systems