Intrachain’s Vision
Vision is the art of seeing what is invisible to others — Jonathan Swift
Dear Intrachain Community,
In last week’s blog post, we have summarized all the benefits that Intrachain offers. Today, we want to highlight our vision, the reason why we do what we do.
As we have explained in the past, Intrachain is a process mining software with an integrated blockchain. With the integration of blockchain technology into behavior tracking, our aim is to offer a high-value service to major economic players and private users alike that has transformational potential. Another aim of ours is to offer individuals the required personal behavioral data to reflect on their usage of smart devices and analyze their time spent.
Furthermore, it is our aim to revolutionize accounting practices by making use of new technological possibilities. We want to automate accounting practices such as reconciliation with the help of blockchain and smart contracts. This makes effort allocation more efficient, helps companies to save costs and provide them with the accurate data that are needed to make informed decisions.
Why?
Private users and businesses are increasingly affected by nontransparent data tracking methods and inaccurate data. Private users are therefore often unaware of their digital behavior. For businesses, the consequences are even greater: Important documents such as financial reports rely on data as one of the main information sources. If these data are incorrect, companies can suffer from fines, lack of trust of shareholders and wrong decision-making. Common practices in this regard, for example reconciliation or manual data errors corrections, are time-consuming and therefore very costly.
What?
Intrachain’s solution aims at solving these major issues. Therefore, we created the world’s first process mining software with an integrated blockchain. Intrachain makes the collection of data trails easy, the cost transaction processes secure of human errors and helps to increase the overall database quality.
How?
To gain a better overview of the trails of data, Intrachain’s process mining engine generates detailed data about user behavior and performed efforts. These data are then transmitted to the Intrachain blockchain where they are stored safely and transparently in a private blockchain. For Intrachain Business customers, the corresponding costs are then being allocated to the responsible entities and can be booked simultaneously via smart contracts. This way, companies gain a clear overview of their intracompany transactions and get rid of common aws of current reconciliation methods.
Overview of Intrachain’s benefits
- Highest possible data quality
- High data security
- Compatibility with different IT landscapes
- Significant cost savings
We from Intrachain have ambitious plans, one of them is to revolutionize accounting practices by making use of new technological possibilitiest. In next week’s post, we will introduce our team and our advisors to give you a better idea who is behind the scenes. Stay tuned!
Did you like this post? Tap the clap icon :)
