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How can trust be established in digital business relationships without becoming dependent on central platforms?
Today, supply chains are networked and are becoming increasingly digital. A major challenge hereby is trust in the digital identity of the business partner. Due to market dynamics, driven by rapidly changing customer needs, the possibility of trusting digital cooperation with new business partners is crucial. Therefore, companies need secure ways to manage their own digital identities and verify those of their business partners.
The network is operated by independent companies, the so-called node operators. These companies are the stakeholders of the network and are organized as such in the evan.network organization (e.n.o.). The e.n.o. is thus the organizational counterpart of the technical network structures and guarantees the permanent function, security and integrity of the network.
For the first time, Blockchain allows to make digital documents indelible and simultaneously shareable between different parties. This means that one can trust the authenticity of the data transferred in the course of a transaction and does not have to trust the operator of the platform who carries out a business transaction.
We want to show you how to develop a decentralized application (ÐApp)on the evan.network.
The digitization of real world goods is one of the most interesting things in using Blockchain technology for businesses because it’s the foundation for the ever growing demand of creating digital business models around existing physical goods. I see two main drivers for that demand.