What are Blockchain Technologies?
Encompasses both distributed ledgers and smart contracts.
An append-only system of record or log of transactions.
Cryptography for Integrity & Privacy
Software standards keep everyone in the shared ecosystem in sync.
Distributed Ledgers in Action
All businesses participating in a commercial ecosystem need a ledger to contain a
record of transactions. It is vitally important to know that your copy of the ledger is
identical to others’ in the network.
The code or any complex program stored and executed on a blockchain.
Smart Contracts in Action
Imagine a farmer based in Sacramento, California buys an insurance agreement
that protects them from extreme weather condition. If temperatures reach more
than 100 degrees for 100 days, they get reimbursed 10,000 USD.
With manually-triggered contracts/ledgers widely operated today, the insurer might
find a way to back out of, procrastinate or dispute this agreement.
If a Smart Contract is in place, the script in the ledger would rule that on that 100th
day of 100+ degrees, the 10,000 USD would be automatically withdrawn. With an
automated process, like it or not, the insurer cannot back out.
Myth Debunked: Blockchain ≠ Cryptocurrency
Cryptocurrency is an application that sits on top of blockchain. Not the other way
Why Business Blockchain Technologies
All over the global market there are ledgers that organizations and individuals alike
TRUST: The Deciding Factor in Whether a Society Can Function
The Need for Trust The 2018 Edelman Trust Barometer, an annual survey of 33k
people in 28 countries, reveals that the trust in key institutions continues to
For blockchain, 2018 needs to be the year of scale done well.
Without trust, the system fails. The onus is on businesses to prove that it is
possible to act in the interest of shareholders and society alike and show that free
markets can succeed for all if businesses work with the people.
The Trust Protocol The way internet technologies tend to get developed is a
partnership between three organizations: standards, global governance and
implementors, like Hyperledger.
Automation is coming to law, meaning a sea-change for an industry accustomed to
solving bespoke, individual problems rather than reproducible, systemic problems.
Software products that enable scalable, compliant, automated and verifiable legal
processes are necessary infrastructure for high-volume, valuable interactions and
The Agreements Network is a foundation for open legal processes that will drive
exponential growth in global networks. Blockchain and smart contracts present a
unique market-making opportunity to turn legal processes into products.
The Agreements Network meets a ubiquitous, yet previously unaddressed, market
for legal product at scale, whether through support of new commercial use cases,
automation of traditional legal services, or designing innovative access to justice
tools. For users who want to grow their value propositions, this is great news!
Legal issues have long been a hurdle for business and individual growth, creating
expensive blocks to profitable operations. Huge segments of the population are
unserved by the gap between law, businesses and individuals.
It doesn’t have to be this way. Businesses will be profitably served by legal
products that make contracting, compliance, and operations easier, at global scale.
A Sustainable Future
At Circulor we believe that blockchain technology will be transformational in
helping supply chains show their commitment to sustainable sourcing. In the future
consumers will be able to see where the materials in their products came from.
Circulor envisions companies sharing data on provenance in a global ledger which
will allow users to record and manage the flow of material between one another in
a safe, private and verifiable manner. Provenance information that would once
have been static will be able to follow metals as they move through the supply
chain, faithfully recorded on the ledger.
Suppliers will have an easy way to both collect and share this information. Better
information will improve compliance with sustainable sourcing initiatives, enabling
buyers to exert greater pressure on rogue suppliers. Tracing metals through the
supply chain using the distributed ledger will enable buyers to see whether
sustainably sourced metal has been mixed with rogue metal. Producers who can
show their product is sustainably produced will be able to achieve a premium in
their sales; rogue producers will have an incentive to begin complying with the
guidelines or be forced out of business.
Transforming raw materials supply chains Circulor is transforming the supply
chains of raw materials using blockchain technology. The Circulor platform tracks
components from mine to finished product, helping manufacturers and their
suppliers build a sustainable future. Circulor customers can secure deliveries,
manage payments and check provenance for their raw material needs.