Blockchain capability to increase
trust security transparency data traceability across our business solutions

Blockchain capability to increase, trust, security, transparency data traceability across our business solutions

NexChain

Like data carved in stone, virtually.

Collaboration on trustful terms is at the heart of any construction project. Our Service Technology NexChain* can provide just that – a single source of truth that all parties involved can rely on at all times.

NexChain is a blockchain capability to embed trusted transaction integration between disparate entities that need to interact securely.

Why is this integrity of data of a construction project so vitally important? Due to potential misalignment on data among contractors, sub-contractors, suppliers, clients, authorities and other partners in industry projects, quality of collaboration suffers. Eventually, this results in undue delays and disputes about the extent of a contract fulfillment – with unforeseeable costs for all involved parties.

With NexChain users can transfer their digital project data onto a blockchain-environment that is basically unalterable and immune to fraud or manipulation: What happens in NexChain stays in NexChain!

How does this help your business? NexChain can be imposed on pretty much any software application your project is employing. NexChain enables users of the software provider’s applications to transparently, independently and trustfully audit trail data from the applications, reconcile disputes and enhance reliable enterprise collaboration. Hence, save time and money.

Features

1.

Decentralized IT infrastructure and permissioned blockchain network for maximum data integrity.

2.

Tools for quick setup and network-connection of an own blockchain node.

3.

Unique development tools and smart contracts for efficiently integrating blockchain into a business software application.

4.

Multi-level data privacy mechanisms for user data recorded on-chain.

5.

Node Admin Console for managing an own blockchain node and governing the network.

6.

Blockchain Explorer for visualizing data and transactions on the blockchain.

Benefits

Secure: Sovereignty, transparency and immutability for important data.

Compatible: Software provider can easily upgrade own software applications with blockchain functionality.

Independent: Get the trust problem in own business collaborations resolved and reduce middlemen dependencies (“disintermediation”).

Indisputable: Reduce conflicts and disputes by having a clear, common and synchronized view on data together with counterparties and business collaborators (which all have potentially different interests).

* NexChain is currently not available in the US and the UK.

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