Connecting Enterprises With Blockchain, Current Roadblocks And Future Solutions !

Preetam Rao
Aug 28, 2019 · 4 min read

It’s been 11 years since blockchain been with us and everyone knows it’s potential to improve many industry, still there has been no major breakthrough except cryptocurrencies.

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Below are some recent blockchain surveys :

What is the Roadblock ?

For public blockchain, it is regulations which will be accelerating blockchain use in public use cases in future.

For permissioned blockchains, it is the learning and implementation curve for businesses. Also there are no cost standards for equipping an enterprise with blockchain solution and no enterprise want to shut down their existing ERPs and make their staff learn a new blockchain based ERP.

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ref — https://www2.deloitte.com/content/dam/Deloitte/se/Documents/risk/DI_2019-global-blockchain-survey.pdf

In current blockchain solutions, there is a huge learning curve for solution creators, infrastructure managers and users. Cloud/bPAAS providers like Amazon, Oracle, kaledio and IBM etc are coming with many easy to use blockchain infrastructure management services. However to build complex use cases in an environment where multiple enterprises working under the same infrastructure it requires a lot of research so that resultant solution can be profitable for every participant . According to a survey by Gartner , around one fifth of relevant surveyed Chief Information Officers (CIOs) stated that one of the major roadblocks for the adoption of blockchain technology in their company is that it requires highly specialized teams that are the difficult to put together.Some of technological challenges in Enterprise blockchain are :

Data Management (Scalability , Performance , Better queries , Analytics , Archiving / Pruning of ever growing chains)

Transparent data sharing vs Confidentiality and access control

Plug and play integration with various systems of records

Governance of consortium operations

Interoperability Across multiple blockchain network and technologies

At Quillhash, we realised that these are common roadblock for enterprises to onboard a blockchain solution in their business processes, So We decided to bring a blockchain platform as a service (bPAAS) with marketplace for B2B companies which will enable them to build custom solutions using a visual solution modelling smart contract designing language for multiple domains like supply chain, coalition loyalty programs, distributed ownerships, Arts provenance, luxury and marketplace for developers which will enable them with features like smart contract continuous integration, smart contracts release management, monitoring and many more.

Also we will also provide enterprise adapters to connect these features to existing major enterprise software solutions and consumer focused mobile app which will act as entry for consumers to the marketplace. For ex: Any consumer purchasing medicine can simply scan the QR Code on medicine packet to check the authenticity if medicine is manufactured and tracked on our platform. So this will bring a single app for consumers to track multiple industry product authenticity.

Stay tuned for the next update !!

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