Blockchain for your business
Our operational and technical teams have helped various businesses and Governments define and implement practical blockchain solutions
The Prince revealed that Dubai will be executing all its transactions on a blockchain by 2020, as a part of a new program called the “Dubai Blockchain Strategy.”
The city-state is looking to maintain its role as a blockchain leader with a new, robust strategy built on a solid foundation of smart investment and building, with a core government focus. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced that the strategy would focus on three core elements of development and application.
Dubai will leverage its investment and existing blockchain efforts to transition to a digital-first city. Government offices and operations will turn to blockchain to create more paperless activities and city transactions, assisting both public and private initiatives.
The second element of the Dubai Blockchain Strategy is the development of new blockchain-based businesses by city residents. This “Industry Creation” initiative is designed to support citizens and build business partnerships so that Dubai can remain a leader in innovation of new areas.
Dubai also plans to expand its efforts and blockchain reach through a Global Trust Network where partners and companies will help Dubai build safer, more secure, and more convenient travel options for visitors to the city-state.
The IBC Group has an extensive record of helping new businesses and initiatives, in both public and private spaces, create blockchain services. Our efforts can easily align with all three pillars of this Dubai Blockchain Strategy, assisting groups in the city-state as well as those wishing to partner with Dubai.
We can discuss your needs and provide staff to support you from operational and technical blockchain development through government negotiations and business best-practices that will align your capabilities with the desires of this Blockchain Strategy.
Blockchain Consulting and Evaluation
Before you invest in blockchain technology, our team can help you determine the right blockchain strategy for your business. IBC focuses on providing scalable and sector-specific blockchain applications that directly support our clients, working together to build better solutions from the ground up. It’s a natural fit for Dubai’s new strategy no matter where you’re based.
Industry-Specific Application Creation
Our expertise is at your disposal as you develop blockchain applications to improve the efficiency in the way you do business. While blockchain can seem complex, we simplify the technology and clearly articulate how it can support your business.
Comprehensive Technical Ability
We help you determine the right blockchain solution for your company. Our team of experts specialize in Smart Business Contracts, Customer Loyalty & Rewards Systems, Blockchain Data Storage Solutions, Distributed Ledgers for Financial Transparency, and other focused applications.
Customized Blockchain Solutions
Our goal is to improve your business with blockchain applications specializing in finance, real estate, supply chain, and database management. We seamlessly integrate blockchain technology into your existing platforms without disrupting your existing operations. Benefits include reduced costs, improved efficiency and the elimination of systematic errors and fraud.
In addition to our core services, IBC also offers an ICO tracker service designed to monitor and organize token raises. Our experts perform in-depth reviews of business strategies, tokens, and ICOs to generate standardized ratings of each token raise
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Industries that can Benefit from Blockchain
Health care Industry
Application: Digital identity
Benefits: Increased security, increased efficiency, improved institutional interoperability. Records management, currently some companies are developing multisig records, template based patient diagnosis logs that can work flawlessly with existing protocols like HL 7 or SNOMED CT.
Application: Blockchain powered wallets
Benefits: Decentralized exchanges, Reducing service desk costs as blockchain provisions more transparency, immutability and multi sig contracts for businesses to release and escrow funds.
Application: Transactions on immutable ledger
Benefits: Negates double spending, reducing carbon footprint by optimizing LTL markets, reducing insane commissions from freight brokers, efficient asset tracking.
Application: Assets and property management
Benefits: digitizing of assets, reducing human error in records, creating a competitive home loan and insurance marketplace that can easily and more accurately alleviate risk mitigation measures.
Application: IoT integrated risk management
Benefits: Data driven decision making and machine learning models that help quantify risk and can easily scale to incentivize policy holders. Paper free on boarding process and if interoperable with identity management frameworks and
Application: A decentralized energy data exchange platform
Benefits: Hosting a range of applications to facilitate energy data analysis and benchmarking, smart grid management, trade of green certificates, investment decisions and energy trade validation.
Application: Customized smart contracts with subcontractors
Benefits: Superior Erp and hr management platforms, decentralized biometric identity and streamlined project management applications that significantly reduce employee turnover.
Application: Farm to table transparency through supply chain
Benefits: Can help create nutrition labels and product origin log. Ability to create smaller co op operations that can directly work with retailers and consumers. Can also help create subsidized agricultural operations and small business loans that are administered over a blockchain with a triple bottom line conscience for the lenders. Can also provide certifications of purity/organic/non organic/GMO practices etc.
Application: A trustless voting system through DAO and smart contracts
Benefits: The international dialogue of bringing transparency in electoral process and campaign fund management. SEC compliance contracts that can help political campaigns stay compliant. Whether it’s a board in a company voting on a decision or an entire network coming to autonomous decision about a path forward. Self governance, and democratic elections can theoretically happen on high level identity management framework.
Atomic Swap Services
The world of blockchain is a vast ecosystem where thousands of cryptocurrencies seemingly compete with one another. In today’s market, this has presented itself as bitcoin versus altcoins. The introduction of atomic swaps, which advance interoperability between bitcoin and its altcoin competitors, can radically transform the cryptocurrency market. IBC’s technical team offers atomic swap solutions to help ICOs facilitate instant trades between cryptocurrencies. This includes helping your ICO develop transactions that are not influenced by third parties. These specifications will be outlined in your tailor-made blockchain solutions.
Through our advisory network, IBC helps companies optimize their ICO campaigns. This includes designing the pre-sale investment strategy, ensuring adequate liquidity when listed and maximizing investor exposure during the public launch. We will guide you through the crowd-raise by auditing your documents and providing you direct access to our vast investor network. Your crowd-raise will also have direct access to global technical team, where we provide technical guidance on your token.
“Every company in the world today is at risk of having competition from a blockchain version of itself”
Richie Etwaru at TED (2017)