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How Can You Integrate Blockchain Into Your Business?

NewsBTC
NewsBTC
7 years ago
4 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Unibright is the world’s first blockchain based project of its kind that gives anyone the ability to craft powerful Blockchain solutions and Dapps with no coding skills or expensive developers. Users on the platform can define business integration workflows visually, without writing any codes.

Based on proven templates for different use cases, Unibright empowers process specialist without technical knowledge of a specific blockchain to define blockchain related business workflows visually.

The Background

The Blockchain as a concept has clear advantages in some areas of business integration. To benefit from the blockchain, a concept is required that allows the integration of specific blockchain technologies into existing IT- and business integration landscapes, which leads to the Unibright concept. The central part of the Unibright ecosystem is the Unibright Contract Interface (UCI), which defines the main structure, state variables, mappings and methods which every generated Smart Contract automatically implements, thus marking a smart contract Unibright conformant. It is the irremovable guarantee of recognizing smart contracts as part of the Unibright ecosystem, ensuring that Unibright conformant smart contracts can be found, called, maintained and connected.

Blockchain Integration & Use Cases Based On Unibright’s Framework

Unibright lets process specialists define blockchain based business workflows visually and for that, they are not required to have a technical knowledge of a specific blockchain.   These workflows enable Unibright tools to automatically create:

  • smart contracts for various blockchains
  • smart adapters to connect to different blockchains and off-chain IT-/ERP- systems
  • smart query sets to monitor the ongoing business process

Let’s consider some use cases.

  1. Lifecycle of an airplane on a blockchain – A Business Process

Several parties have to access information on an asset gathered over years and has to be safe from manipulation. All events in the lifecycle of the airplane like owner change, planned and unplanned inspections, numbers of flights and covered distance should be saved and trackable.

unibright

A smart contract on a public blockchain is the perfect way to gather and store information over a long period of time, and guarantee availability, immutability, and independence from any intermediary.

The involved companies can all rely on the technical interfaces provided with the “Asset Lifecycle” Template. The integration into individual systems of each party can be established by defining suitable workflows based on the template by using the Unibright Workflow Designer. The Unibright conformant smart contracts can be published into a public blockchain by the Unibright Contract Lifecycle Manager and are connected to individual IT systems by the Unibright Connector. The current state of the process can be monitored any time with the Unibright Explorer and can be presented to the public.

  1. Approval Processes using Blockchain Technology

A product manager for a casual wear company is responsible to develop a design process of a new hoodie, and coordinate all departments and their respective approval on the ongoing design process. She checks the current approval state in the company’s ERP system and sees that Tom from the Marketing department just gave his final ok on the marketing materials. She sees that the next approval should come from buying department submitting the prime costs.

Anna from the buying department has to keep track of all offers of the different suppliers who would be able to produce the new hoodie. She has to get back to the other departments for detailed questions and only communicate by phone or email, as the suppliers are not integrated into the process due to security reasons.

The existing approval process works fine, except the supplier part. Anna has to do all the approval work manually, which is time consuming and error-prone. The blockchain can act as a state-machine: secure, reliable and deterministic. The current state of the approval process can be accumulated in a central smart contract which holds the control flow and implicitly decides on the final approval state.

Unibright’s “Multi-Party-Approval” Template offers a use case related predefined integration workflow for approval processes which can be customized. Steve from the IT department set up a private blockchain between all suppliers and the company. He designed the integration process visually with the Unibright Workflow Designer. The Unibright Contract Lifecycle Manager generated the needed Smart Contracts. The Unibright Connector integrates the existing ERP by automatically generated Smart Adapters.

  1. Batch tracing using blockchain

The purpose of a batch tracing implementation is first and foremost to guarantee safety and reliability in the food supply chain. The idea is to keep track of all ingredients of a product (e.g. beer, soda) and to be able to track the usage of every ingredient through the complete process of production and delivery to the customer or store.

By using a blockchain to keep track and trace where the food comes from, a secure and trustworthy data storage for all data involved is created, which can even be presented to the end consumer.  By using the Unibright framework, it gets easy for business process specialists to make use of blockchain potential. The “Batch Tracing” Template defines a basic integration workflow which can be customized visually. All needed Smart Contracts for a specific blockchain are then generated automatically.

This is how, using the Unibright framework and the templates it offers, the whole lifecycle of defining, publishing, maintaining and monitoring a business process is supported.

About Token sale

The ICO will start from April 10th, 2018, and will last for at most 4 weeks, ending on May 10th, 2018 or ending instantly when all tokens are sold. The token sale will be managed by Ambisafe Financial, a leading global blockchain services and initial coin offering solutions provider company.

To know more about the platform, its features and participate in its upcoming in its upcoming token sale, please visit https://unibright.io/

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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