What are the real life applications of Cros?
Let us let you in on some of the activities organizations can practice on Cros Network to make their operations leaner and their balance sheets cleaner.
What makes a successful organization? One that carries out successful collaborative operations. Collaboration leads to the yield of a product and therefore reaches the rate of success. Cros enhances the workflow of an organization, gives it a decentralized upgrade and protects its resources and data in the process — and here’s how.
The cross-org collaboration scenarios on the network span across an abundance of disciplines and industries. Cros’ use cases can include DeFi protocols, NFT platforms, metaverses, gaming platforms, governments, factories, business value chains, supply chains — and basically any organization that collaborates with other organizations. For instance, you have a manufacturing organization that collaborates with shipping organizations.
Cros paves the way for organizations to coordinate transactions across many different parties such as suppliers, vendors, business partners and regulators. By doing that, Cros gives to each party on the blockchain the right of ownership, and full control of their technology and data formats. The lack of shared-truth complicates operations for IT, legal and contractors and thus delays or even interrupts success — this is solved by the network Cros is building, which unites its distributed ledger on one single string of truth and allows for a lean workflow that admits no interruption. On Cros you can also easily on and off-board all the parties involved in the business process. Organizations no longer need to rely on expensive and time consuming audits to ensure compliance with regulation. Cros is compliant by design, it fundamentally eliminates risk from its root, which is the dependence on trusting other organizations.
Cros is all about combining the perks of traditional cross-org systems (read more about business process management platforms), along with pre-built integrations to Cloud ERPs, with the wonders of the blockchain technology.
The basic building blocks of blockchain are used for executing collaborative business processes between mutually untrusting parties. In simple terms, you’re an organization that, in order to carry out its operations, needs to collaborate with five different parties — instead of going through the due diligence so you could trust them with your resources and spreadsheets, you’ll just encrypt your data via the nifty blockchain technology that would both protect your data and make collaboration tamper-proof and hassle-free.
