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Introduction to decentralised technology
Decentralised technology is becoming increasingly important because it opens up new ways for companies to make processes secure, transparent and efficient. At the heart of this is blockchain, a technology that stores data decentrally on many computers, making manipulation virtually impossible[1][7]. This allows companies to create trust that was previously only possible through centralised institutions such as banks, notaries or authorities[1][7]. For companies, this means that they gain sovereignty over their data, reduce transaction costs and speed up processes - without any middlemen. Anyone thinking about digitalisation today can hardly avoid decentralised technology.
How decentralised technology supports your business model
Decentralised technology is not an end in itself, but solves real challenges. Companies repeatedly report problems with data security, traceability and coordination between many partners. This is precisely where blockchain comes in by creating a common, unchangeable database for all parties involved[1][7]. For example, supply chains can be documented seamlessly and in real time, which is particularly beneficial in the food industry. Walmart and IBM have jointly developed a system that makes it possible to trace the origin of food in seconds - instead of the days it used to take[4]. The blockchain also reduces food waste because recalls can be more targeted and faster.
BEST PRACTICE at the customer (name hidden due to NDA contract): A large retailer uses decentralised technology to digitally map all logistics processes. Previously, numerous invoices and receipts were lost, leading to delays and discrepancies. Thanks to the blockchain-based platform, all transactions are automatically recorded and documented. Manual reworking is no longer necessary and the error rate and processing time are significantly reduced. Suppliers receive immediate confirmation, payments are faster and the entire supply chain is more transparent. The customer reports that collaboration with partners has improved noticeably and new business models have become possible.
Practical examples: decentralised technology in use
Decentralised technology is used not only at Walmart, but also at Nestlé, Carrefour and Tyson Foods to trace food from the producer to the consumer[4][9]. The blockchain stores information such as origin, processing and transport - every step is traceable and tamper-proof. This means that in the event of a recall, it is possible to determine exactly which batch is affected. This saves costs, conserves resources and strengthens consumer confidence.
A second example comes from the financial sector. Many banks and payment service providers such as Visa and Mastercard are experimenting with blockchain solutions to process international transfers faster and more cheaply[2]. New business models are also emerging in the area of decentralised finance (DeFi), where loans, insurance and investments are possible without traditional banks. Smart contracts automate processes and ensure that agreements are automatically executed as soon as certain conditions are met.
BEST PRACTICE at the customer (name hidden due to NDA contract): A medium-sized manufacturer of medical devices has converted its entire production documentation to a blockchain platform. Each component is given a unique code and all production steps and quality controls are recorded in real time. All relevant data can be retrieved immediately in the event of queries or official audits. The compliance requirements are reliably met and the customer reports a noticeable increase in delivery reliability and customer satisfaction.
Decentralised technology as a driver of innovation
Companies that engage with decentralised technology at an early stage report new opportunities: The technology not only supports existing processes, but also opens up completely new business models. For example, digital certificates for sustainable products or seamless proof of ethical supply chains can be offered. Innovative applications are also emerging in the healthcare and energy sectors, for example for the secure storage of medical data or the transparent billing of green electricity[6][9].
BEST PRACTICE at the customer (name hidden due to NDA contract): A start-up in the renewable energy sector uses decentralised technology to issue and trade green electricity certificates. Every kilowatt hour produced is documented on the blockchain, making forgery virtually impossible. The customer thus gains the trust of investors and can tap into new markets. The technology becomes a competitive advantage and a door opener for international cooperation.
Recommendations for action: How to get started with decentralised technology
If you are considering using decentralised technology in your company, you should first identify specific problems that can be solved with it. Check where transparency, security or efficiency can be improved - for example in the supply chain, in payment transactions or in documentation. Get partners on board who already have experience with blockchain and start with pilot projects. This will allow you to gather practical insights and realistically assess the potential for your business.
Rely on modular solutions that can be expanded step by step. Train your employees, because decentralised technology requires new thinking and new skills. Take the opportunity not only to digitalise processes, but also to redesign them. And: get professional support, for example through transruption coaching, which provides you with targeted support during implementation.
My analysis
Decentralised technology is more than just a trend - it has the potential to fundamentally change business models. Companies that invest today gain transparency, security and efficiency. They create trust among customers and partners and open up new markets. Examples from the food industry, the financial sector and the healthcare sector show this: Their use is worthwhile if the technology is customised and used with a clear objective. Those who actively engage with decentralised technology not only stay on the ball, but also help shape the future.
Further links from the text above:
Gabler Wirtschaftslexikon: Blockchain - Definition[1]
Computer Weekly: Blockchain for companies[2]
Chudovo: Blockchain in retail[4]
AWS: Decentralisation in the blockchain[5]
Weissenberg Group: 10 application examples[6]
BSI: Blockchain makes data practically unchangeable[7]
SAP: Blockchain: The new technology that creates trust[9]
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