Behind the scenes of Ethereum #4: traceability, tokenization, certification: what are the next real use-cases of blockchain?
Rockside interview with Olivier Senot, Head of Innovation at Docaposte
In order to build the best transaction relayer at Rockside, we have interviewed the real ethereum users. Corporates, startups, and consulting companies from different sectors agreed to share with us their day to day challenges of building on ethereum. Here is what we learned from them!
DOCAPOSTE, a subsidiary of La Poste Group, supports companies in their digital and mobile transformation. It offers tailor-made or turnkey solutions, ranging from advice to delegated process management, including the exchange of secure data, electronic archiving, digitization, delivery, and management of digital identities.
Olivier Senot is in charge of blockchain, cloud computing, and post-quantum cryptography for Docaposte. He has been working on a major project on document certification and the fight against document fraud that will be announced soon. Olivier shared with us his vision on the blockchain use-cases that will emerge in the next 5 years as we are getting out of the disillusionment phase.
Traceability use cases are scaling
Traceability tools provide a true interest. With such tools, two stakeholders that don’t trust each other can now share some information. This is huge, and in the next 5 years, it should scale and be industrialized.
At Docaposte, they study the traceability projects on blockchain for an internal purpose related to their IT system: how to chain the activity logs on blockchain to guarantee that no log is missing for future audits. It is way much lighter than electronic signatures that are currently used. It allows an immediate audit of the document management chain of custody.
Such tools are very useful to ensure compliance and security. The traceability allows us to know exactly what happened through the information system but also add a security level to make sure that le logs are true.
Asset tokenization is the next big thing
Another promising usage of blockchain technology is, of course, asset tokenization, and particularly financial and real estate assets tokenization.
We can already see that some projects of intangible assets tokenization have succeeded in the experimentation phase. It is quite impressive that some people have in their wallet the percentage of an apartment! The main problem today is a lack of platform to exchange immaterial tokens. When such a platform is launched, the business will start on a larger scale.
Certify and secure your data
At Docaposte, they manage documents that can be traced, secure, and sign but they do not need to be tokenized to be exchanged. The only need they could have in tokenizing their documents would be when the information can be used as a certificate, thus the document would become a certification token.
Indeed, certify with blockchain technology has proven to be very efficient. It can prevent fraud and ensure compliance and security.
Docaposte is actually working on a project to fight against document fraud through document certification, the project should be revealed this summer. This is a major project that they are currently working on, it runs on a permissioned ethereum blockchain for now and will probably be on ethereum public in the future when scalability won’t be a problem anymore.
How will this evolve?
The main pain point today when doing those projects is UX. In any case, the end-user needs to create a wallet and keep its keys secured and this is way too complex for an average user. This can be dealt with securing keys through mobile hardware or through on-chain identity management.
Though digital identity is very promising, we lack use-cases to fully understand the potential. Whereas there are more and more use-cases on asset tokenization and digital currencies that will for sure structure the future of blockchain architecture.
Rockside is the platform for integrating blockchain in any business. Through a simple and reliable transaction relayer API, Rockside makes sure transactions are executed on time at the best price. The service is fully non-custodial to benefit from the full advantage of blockchain technology. Thanks to Rockside, companies can scale their projects getting rid of complex development and infrastructure.
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