Since 2016, we have successfully assisted our clients in the design and implementation of blockchain and digital asset-related topics in over 50 projects.
The topic of blockchain, or rather Distributed Ledger Technology (DLT), is strongly represented in the media due to the rise of cryptocurrencies, however DLT is more than simply the technical foundation for Bitcoin. The technology enables more efficient services which are accessible through a potentially global infrastructure. While disintermediation challenges existing roles, there are opportunities for developing new business models and differentiating products and services. Innovations in the field of Decentralized Finance (DeFi) offer new possibilities, as well as risks, including the splitting of financial services into their respective components.
» Topics in the area of blockchain and digital assets have varying degrees of maturity, with some feasible applications and opportunities already existing today. Important know-how should therefore be established today to enable business to be both reliable and competitive in the long term. «
Central bank digital currency (CBDC) plays an important role in payment transactions, but for most market participants, it is only available in physical form. While a digital variant can address the growing needs of all market participants in terms of secure electronic payments, it must not jeopardize the business models of financial institutions.
Decentralized Finance (DeFi) encompasses new financial applications based upon technology in the form of decentralized applications (smart contracts) instead of relying on the activities of central entities such as banks, brokers, or asset managers. These can represent simple payments but also more complex applications such as loans, insurance, trading, etc.
The core of digital asset custody is the secure storage and operationalization of cryptographic keys that are used to control assets. In addition to the technical challenges, IT security and regulatory aspects must be considered during implementation.
Lack of transparency at product level, high operational costs due to manual processes and excessive numbers of intermediaries constitute the core challenges of current supply chains. Blockchain technology in combination with IoT allows seamless traceability of products, the digitization of processes between suppliers and the reduction of intermediaries.
A Non-Fungible Token (NFT) is a digital asset with individual properties whose authenticity is cryptographically secured. Unlike well-known crypto assets such as Bitcoin, individual NFTs are not interchangeable. They can represent, for example, art objects, collectors' items, domains, or identities.
Tokenization is the process of creating a digital representative (token) of a (real) asset on DLT-based infrastructure. For this purpose, d-fine has created a tokenization platform that meets all our customers’ requirements, including smart contracts, KYC and much more.
During the course of digitalization, Pay-Per-X business models, such as usage-based financing and insurance products for production machinery are being increasingly developed. A combination of blockchain and industrial IoT technology allows the orchestration of usage data and payment flows within an ecosystem using smart contracts.
SSI addresses the extensive reliance on third-party authentication, both physical and digital. Cryptographically verifiable proofs of identity are issued to subjects (holders) who decide for themselves which data they share with whom and at what time. The credentials are linked to decentralized identifiers (DIDs).
With our hands-on approach, we offer you a fast and custom-fit solution based on your situation. We support you from strategy, through the development of a concrete business model, proof of concept (POC) and target operating models (TOM), to the technical implementation of a productive solution (MVP) and beyond.
We understand the high security requirements of financial service providers and are well versed on regulatory challenges. For this purpose, we implement modern and scalable infrastructures in the cloud or on-premises, all the while being cognizant of the rapid development in blockchain and digital assets and the need for resilient and sustainable processes in software development.
Due to regulatory, political as well as economic factors, the "Self-Sovereign Identity" framework has become increasingly important compared to traditional identification solutions. To obtain a valid assessment of the approach's significance for a company's product portfolio, d-fine supported the development of a prototype that issues and verifies vaccination cards as "Verifiable Credentials".
In addition to the choice of provider, the creation of suitable architecture and the development of web apps for the roles of issuers and recipients of such certificates, d-fine created target operating and business models.
The relevant basics of SSI and the applied blockchain technology were delivered to the customer in several training sessions. In addition, the prototype was handed over, together with operational and further development training.