Blockchain AI Consulting Services
NextPhase Systems brings innovative solutions to customers. With sharp focus on all areas of data – strategy, architecture, management, integration, governance, quality, security, compliance, analytics, machine learning, and AI, NextPhase Systems provides customers with the ability to move beyond simple reactive operations and into proactive activities that help plan for the future and identify new areas of business.
What is Blockchain?
Blockchain is a new technology system involving a ledger that manages transactions between networked entities in a decentralized manner. The transactions are verifiable among the parties involved, and the ledger can be customized for automatic transactions. Popular virtual currencies such as bitcoin and ethereum uses blockchain technology. Open source communities such as Hyperledger are also developing to encourage technology professionals and companies evolve this nascent industry.
Since blockchain underpins the existence of cryptocurrencies and promotes the benefits of distributed ledgers, many associate this technology with the financial services industry. However, there are many uses for blockchain beyond finance. Due to the strength of the technology to act as an objective intermediary, it can replace third-parties or middle men in various sectors. For example, any industry that capitalizes on access to critical data and information can be disintermediated by algorithms that manage network access for members of the blockchain.
In healthcare settings, patient information needs to be shared with the right healthcare professionals in order to provide proper patient care, and at the same time, these records need to be kept secured and confidential because of the costs involved in the delivery of that care. Blockchain can be used to provide access to information to the right entities, namely patients, hospitals, medical groups, practitioners and insurance companies.
In the hospitality industry, blockchain technology can be used to assign ownership of physical assets to related entities. When one party tries to access a physical asset, say, a hotel property or rental, blockchain can be used in a turn-key way to instantaneously connect the customer and owner, as well as validate and assign ownership of the physical asset under a short-term lease.
One of the benefits of blockchain is the ability to conduct fast and frictionless transactions in an effective way. This takes away the need for intermediaries between parties because any person, company, or entity can make direct and certifiable transactions or exchanges with another party. Harvard Business Review calls it a “foundational technology” rather than a disruptive one– it is not meant to attack a business model, but to transform the very foundations of society, across economic and social systems.
We offer advice on the strategic employment of blockchain technology based on a thorough analysis of your company’s profile whilst drafting along your ideas of development. We will assess the potential of blockchain technology in your company and discuss possibilities of optimization.
We provide you with the programming of scalable and distributed applications and custom-built protocols. Additionally, we support you throughout the entire process of integration and adaptation of blockchain technology into your already-existing company network.
We offer in-house and external training, as well as instructive materials on the blockchain technology and related fields of application, which will provide you with in-depth knowledge of the intricate blockchain ecosystem and all its facets.