How Can The Unibright Blockchain Framework Help You Grow Your Business!
With the recent cryptocurrencies market frenzy that took the world by storm, every primary business is looking for ways to implement this revolutionary technology in their day to day operations. The benefits are obvious, have a decentralized infrastructure makes your business solutions more reliable and tamper proof as there is no single point presence in case of a coordinated hacker attack, not to mention the level of trust and transparency brought to the table by the resilient append-only distributed ledger.
While these benefits are game changers when it comes to the way we do business, actually implementing them is a daunting task! Blockchain experienced talent is hard to come by, and usually, the big player companies have already “snatched” them with salaries that ordinary companies can’t just afford to give. But fear not! Unibright have created a user-friendly solution that allows almost anyone to deploy blockchain solutions in a predefined way, that’s tried and tested by industry veterans.
Here are some concrete business use cases:
1. Smart Contracts for Multi-Party Approvals
Nowadays, to get the approval for a marketing budget, for example, an entire workflow has to be created and pushed through internal ERP systems that register all of the business interactions. With the help of Smart Contracts, however, the budget can be immediately deployed into production once all of the signatures and approvals are met. This can be achieved with the Multi-Party Approval template.
2. Real-time batch tracing
To adequately track the production lifecycle of a product from raw material to the finished result is not an easy feat to pull off. It usually involves multiple parties that must pay attention to quantities, register them in particular databases then centralize the results in a joint report. With the help of Smart Contracts, however, a workflow can be designed to track the entire journey of the operation and record any processes that occur in real time.
3. Insurance claim processing
Traditionally speaking, once an insurance policy is triggered, someone has to check each claim to see if it fits with the current internal system. This is the core procedure that determines a payout or a decline of the application. Using a specialized Smart Contract that’s continuously updated with the current company’s policy an automated response to claim or deny can be triggered without any human intervention.
4. Milestone based fund unlocking
The usual investment or venture capital process implies constant checking and monitoring of the invested companies. This is a tedious endeavor that usually requires highly skilled human resources to handle. With the template provided by Unibright, VC firms can now create specialized Smart Contracts that automatically release further funds once a specific goal or milestone is achieved while cutting the cost of the expensive human resource.
As you can see Unibright is at the forefront of business integration within the blockchain infrastructure.If their model convinced you, UBT tokens are put up for sale on the 10th of April 2018. Head over to Website, Telegram and ANN/Bounty Thread for more details!