It is a momentous time to live in. The world is spinning faster than ever, its transformations happening too soon for some to even take notice. That is why concrete solutions are needed more than ever. Where does one start, you ask?
It’s very simple. With your current processes. Don’t panic: we’re not going to tell you to change them. Simply with identifying the most banal bits of information, like points of data failure or wherever there is a lack of communication between external providers—these are all the small steps where we come in.
Mangrovia is located in strategic points around Europe: headquartered in Milan, we also have offices in Rome, Berlin and Barcelona. Ours is a unique ability to integrate a client’s preferred choice of blockchain with existing client systems, basing our solutions off our customers’ needs with a combination of software components pertinent to their existing applications and processes.
Why use the blockchain? There are countless articles on its benefit, but as a guideline, there are three main benefits that come with the implementation of blockchain technology:
On a blockchain, tampering with data is virtually impossible, or at worst, extremely difficult. From tamper-evident private blockchains to tamper-proof public blockchains, the technology is highly resistant to modification of the data recorded, reinforcing the data security of an entire network through a single version of truth made possible by the distributed and synchronised nature of a blockchain’s database, which stores a network’s entire data in a consistent and non-redundant form.
The blockchain is a continuously growing list of records (the blocks) which are linked and secured using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. In a blockchain, once a transaction is validated through a consensus process, it is also committed to all ledgers in the network. These ledgers are distributed databases that store the information recorded from a transaction, rendering all information (amongst authorized participants, in the case of private blockchains for enterprise use) verifiable and, as a result, reliable.
Blockchain can effectively increase the efficiency of transactions by providing a way for individuals and organizations to perform direct transactions without any intermediaries. Essentially a ledger that records and logs all data flows, the immutability and decentralization of blockchain means that it can be useful as a ‘shared’ record of things between actors that don’t need to trust each other: just the ledger.
Industry 4.0 ready.
Like it or not, the oft-touted “Industry 4.0” is something all enterprises will eventually have to grapple with.
Take the first steps with us, one small implementation at a time.
Data reconciliation (the process of compiling information across companies in order to complete a set of records and inform business decisions) is often redundant, error-prone and costly for many businesses.
Blockchain would bring the identification, chronology and integrity to transactions that efficient data management needs: the distributed and decentralized nature of the technology provides the transparency needed for all users of a network, creating a permanent record of events and replicating the network history in full.
On top of making make scaling in response to a demand extremely difficult, manual processes exacerbate costs from tasks that often involve human error, including administrative operations like legal fees, escrow, negotiation, and so on.
Enabled by blockchain, smart contracts automate many of the simple, transaction-based exchanges that are part of routine construction and asset management. Especially well-suited for handling operations, bidding, finance, accounting, contract enforcement, and program management tasks, smart contracts represent a way to automate companies in the collective sense.
Faced with the need to optimize their operative processes and production flows, predictive analysis has become of paramount importance for companies to meet their business goals down the pipeline. Making a design, system, or decision as good, functional, or effective as possible in order to reduce costs and energy consumption to a minimum, while maximizing quality and performance is what will ultimately complete an enterprise’s transition to Industry 4.0.
We leverage machine learning to extract knowledge from data, learning from it to make predictions about other (similar) data. Through our team’s expertise in statistics, information theory, signal processing, AI, databases, architecture, systems, and parallel processing, we convert knowledge into decision, giving our clients the power to own the success of their future.
Companies all over the world already struggle with the conversion of collated data into actionable information, let alone the real-time analysis of this same data in large scale for their decision-making processes. Often, organizations can use the desire for updated data to their advantage, but only if they gather enough data in a short amount of time.
Mangrovia’s business intelligence solutions allow for the real-time analysis of data in large scale, permitting the changes in data to be observed as they happen, in order for our clients to make quick decisions, such as blocking a suspicious transaction or being alerted to abnormal activity. Since the data stored in distributed ledgers is authenticated by multiple parties and continually updated, we offer more than just the possibility of real-time reporting. We offer immediate reaction.
No question is too banal, no query too insignificant.
Ask us your burning questions, or give us brutal feedback. We want to hear from you.