Datarella is a blockchain solutions provider. We deliver all things blockchain: from solutions design and architecture, application development and hosting of blockchain technology, to the integration of blockchain solutions with legacy systems – everything you need for a ready-made blockchain solution.
Datarella CodeLegit provides the legal framework for smart contracts on the blockchain – to close the gap between code and law.
Datarella serves clients over many industries: Insurance, automotive, manufacturing, media, politics and government.
What is the blockchain?
The blockchain is a decentralized, distributed, cryptographically secured, immutable database. The blockchain provides a peer-to-peer mechanism to find consensus about the valid state of the system, i.e. if a transaction is accepted as valid and unique by all or should be rejected. The blockchain manages any kind of transactions in a secure and transparent way without the need of a centralized trusted authority.
Initially built to support digital assets like Bitcoin, the blockchain is extremely resilient to disturbances and robust against hostile actors: Even if somebody manages to corrupt the consensus forming process, i.e. to arbitrarily change what is accepted as the next entry to write into the data base, the rest of the network will recognize the attempt and be able to stop it. Thus, the blockchain is the best technology to facilitate safe machine-to-machine interactions.
Blockchain – A Foundational Technology
Blockchain is a meta-technology, built out of several separate technologies whilst at the same time being a large influencer. Simply put, blockchain is a database consisting of a network of multiple computers where each peer has a copy of the data. The controlling of the network is done using a predefined protocol. It is a complimentary technology to the Internet, acting as a layer of transactions.
There are three areas of importance for blockchain technology, which one has to consider to understand the implications of it:
- Technology: The blockchain is a decentralised, structured database in which transactions are stored. Everything written to the database is immutably stored and can thus not be deleted.
- Business: The blockchain is a network for transfers of value and ownership thereof. It removes third parties and middlemen, minimises transaction fees and enables process-optimisation.
- Legal: The blockchain validates transactions while removing the need for trusted third parties such as notaries or other middlemen.
Who Needs Blockchain? – Usecases From Datarella’s Clients
- Peer-to-peer energy distribution for the prosumer grid
- Digital wallets for multiple assets
- Supply chain proof-of-origin tracking
Digital transformation is the main challenge for buisinesses today. Datarella’s consultants are specialized to support and guide management and senior staff through the rapid changes triggered by the digital tech revolution.
The blockchain promises nothing less than a complete change in every dimension of business. Datarella helps through every step of the change process: Introduction to blockchain technology and its applications, workshops, ideation, prototyping and testing of the proof of concept, and implementation of first products.
With blockchain a myriad of new, exciting use cases appear, but also, already existing processes and technologies can be improved in speed, cost and performance by application of blockchain technology. With a full service blockchain consulting, Datarella Blockchain Solutions can guide and execute the development, implementation of a market-worthy blockchain-based application. Datarella Blockchain Solutions can support the full value chain in your business: Ideation – Prototyping – Implementation – Delivery.
Blockchain Workshop Example
Day 1 – Blockchain keynote and introduction
Day 2 – Tokens and smart contracts
Day 3 – Public and private blockchains, business models and how-to’s
Blockchain Use Case Example
Private citizens owning solar panels or other sustainable energy production sources become participants and owners of a neighbourhood community grid. There they can auction their electricity to other members of the blockchain who maybe don’t have energy sources on their property but still wish to decrease their dependence on fossile fuels.
Developing Blockchain Applications
Datarella Blockchain Solutions provides an end-to-end solution for decentralised applications, with capabilities within technology strategy, project management and all the software skills required to build a blockchain-based solution. We can help you in every stage of the project, from holding introductory seminars and strategic workshops to testing and development of your app.
Smart Contracts And Distributed Applications (dApps)
Smart contracts lay the foundation for fully autonomous and secure machine-to-machine interactions. Smart contracts are software scripts that define the rules by which machines interact with each other and process transaction. Transactions could be any kind of secured message, from sensory data to the automated execution of complex business rules.
Datarella excels in Smart Contract development. With CodeLegit, Datarella provides code libraries to make the Smart Contracts also legally safe – closing the gap between code and law.
Blockchain For The IoT
Blockchain technology is the solution for the four most important tasks to make the Internet of Things work:
- Device identification
- Transaction authentication
- Immutable logging
- Secure m2m interaction
In making secure and autonomous interaction of connected devices possible, blockchain is the key enabler for the IoT. Datarella has years of experience in designing and developing blockchain-based applications for the IoT, ranging from peer-to-peer energy trading systems, certificate managment, to supply chain control.