Today we are launching WBNoDE as we want to help clients grow beyond PoCs and lift the topic of blockchain and decentralisation up to a strategic level. Because we were there, pioneering alongside enterprises that embraced the new technology. We don’t need yet another blockchain protocol, let’s work with best-in-class. We don’t need more developers, there are plenty of good ones out there. What is needed is independent experts that can design strategies, roadmaps and drive focused execution towards real solutions. That’s what we promise you will get when you work with us.
Here is our vision.
The release of Satoshi’s white paper in 2008 and the subsequent creation of Bitcoin has inspired people all around the world to start working on projects that use cryptographic primitives and distributed computing to create trust-minimised systems.
Since 2015, interest in decentralised technologies didn’t just come from individuals, but increasingly also from large enterprises. Banks came first, but were soon followed by almost any industry dealing with large-scale coordination issues across their value chains. Developers, strategists, architects, technologists all jumped on the technology to create the first Proofs-of- Concept (PoCs). And with the immense growth came the first disappointments. As happens with any new technology, as illustrated by Gartner in their famous hype cycle.
We are entering the next phase!
The first projects were done internally and using private blockchains built on for instance Hyperledger Fabric, but serious projects are moving out of the single enterprise and using public or public-private blockchains combined with other tools to create actual solutions. On the infrastructure and tooling side we see more mature solutions coming into the market, for instance from EY with their Nightfall protocol or the Baseline Protocol by Microsoft, ConsenSys, EY and others.
We have been working with the real innovators and early adopters in the corporate world and they are growing up with the technology. And one of the important signs that a technology is growing is that the technical side of it becomes ‘boring’ and ubiquitous because of better tools and standards while the strategic questions become more important. Strategy will lay the foundation of adopting the new technology in production at a broader scale.
And that’s the stage where we are at and where we believe it is necessary to have a different approach to blockchain and decentralisation projects. An approach in which the principles of decentralisation are embraced and real value is unlocked, based on a clear vision, roadmap and the right partners.
Decentralisation is the logical next step in digitisation as vast amounts of data will enable seamless collaboration at scale between organisations, humans and machines; decentralisation makes such digital systems resilient, scalable and efficient. Thus, it needs to be an integral part of enterprise strategy to address the evolution of collaborative processes between enterprises.
We identified two main areas where decentralization will have real impact.
While the internal bureaucracy has been progressively digitised through ERP systems since the 80’s, the inter-company reconciliation of information still way too often requires paperwork (or in best case PDF-work) and manual labour for all parties to share a consolidated set of information.
A decentralised system that uses unified and verifiable logic can work with decentralised data and systems to create one view and process between organisations. Almost like an ERP system that is not limited to the confinement of a single entity anymore.
This not only leads to a unified view on any specific asset through a value chain, but also to cost savings in coordination and reconciliation between the organisations that are involved in that chain.
In a decentralised setup the logic is shared and verifiable while individual operation of the devices happens at the edges; this also means data can be utilised without gathering it centrally first. For instance a home battery can be used to store or extract energy needed for the electricity grid as a whole. Or a shared vehicle can hold a wallet and pay for charging, toll or parking by itself without the need for a third party (not even the one who happens to be driving).