contractus — the enabler for a real collaborative economy
Inefficient cross-company value creation is one of the biggest obstacles facing traditional companies.
We believe the futures lies in a new kind of business in which groups of companies from all over the world can cooperate with each other on equal footing in efficient, agile and secure dynamic partner networks. By combining their individual strengths, these groups are able to create and successfully market competitive products and services.
contractus enables companies and businesses of all kinds to achieve efficient, agile and secure cooperation on equal footing.
contractus creates an efficient, transparent and agile supply chain by linking the strengths of individual companies in decentralized value-added networks. We replace today’s cooperation over phone, fax, email and central partners or marketplaces with a decentralized, secure and dynamic equal-partner collaboration. Our customers are free to decide with whom they work and what data they exchange to gain agility and access innovation. contractus uses trustworthy blockchain technology and Smart Contracts to respectively support and reflect successful cross-company relationships. contractus is one of the first to make the groundbreaking possibilities of blockchain technology easy to integrate and simple to use in daily business processes.
contractus works on several levels. In the simplest case, queries such as delivery capacities are defined and automatically transferred through contractus to designated partners in the documented form needed for proper processing. This initial step immediately eliminates manual inquiries, for example, fax or e-mail with attached Excel documents. contractus completely ends the need for supplemental information distribution, process status tracking and response coordination. Further steps involving contracts and recall orders can now be digitally handled. Placed as a Smart Contract in the blockchain, an order can be viewed and digitally processed by designated partners.
Another step allows contractus clients to attain complete interaction with their selected business partners in that a Smart Contract includes not only formal requirements and conditions, but provides information about a product and its development over many different affiliated associates. This feature, for example, makes it possible for a company at the end of a supply chain to expeditiously recognize unforeseen delivery delays. Smart Contract can also identify payment-triggering events. Once an order is filled by a business partner and confirmed, the contracting partner can transfer payment. This is an example of such decentralized linkages to virtual value creation that can now be realized with contractus.
We are convinced that we are currently at a decisive turning point. Today’s Internet and the way we interact today is dominated by central services. This is bad for B2B business, as no company wants to voluntarily submit to either these central services or their game rules. Facilitated by technologies like blockchain, which has made explosive developmental progress in recent years, the future will be characterized by decentralized proposals and cooperative ventures. contractus responds to the needs of companies and makes this new technology safe and easy to use.
We see ourselves as the pioneer for decentralized cooperation. In a short time contractus will have created a globally active, distributed peer-to-peer market, enabling cross-industry companies of different sizes to link virtual production chains or virtual businesses.
