In my last blog on Enhancing Digital Customer Experiences Using Smart Contracts, we looked at how customer preferences management can be dramatically simplified using smart contracts. A smart contracts based approach avoids customer preferences management to be treated as an add-on or external database (even if it physically is). This avoids costly reconciliations and process
Smart contracts offer a very innovative and secure solution to COVID-19 testing and data management. Such a solution can maintain desired levels of privacy, while allowing health providers or any other third party who are part of the network to securely view actual results or anonymized patterns and trends that can be used for managing
In today’s connected world, personalization and context drive modern customer experiences and improve both retention and acquisition rates. In this blog I will try to outline some of the challenges that enterprises face as they strive to provide these experiences, and how they can address them with an approach that uses smart contracts. In the
Lending processes are a complex mesh of customer management, risk assessment, collateral management, payments, and default management functions. Additional complexities also arise from the fact that multiple institutional parties are almost always involved, and that loans and their servicing can be sold or transferred. Although solutions have been proposed using blockchain, complexities within the enterprise
How do you read a programming language? And what do we mean by read, is reading just the words on the page or the comprehension of what the program intends, or the ability to reason about whether or not the program does what it intends. For most people they simply can’t reasonably read, comprehend, or
CBDC modeling in a nutshell Continuing our blog series on Central Bank Digital Currency (CBDC), in this post, we will highlight the main features of digital money and how they can be implemented with Daml smart contracts. We are also going to show some examples in the form of the actual Daml code. Functionalities of
Pacta sunt servanda – also in the distributed digital world Part of the challenge I face daily is that I want to explain to partners and clients the essence and benefits of shared transaction systems in general and DAML-driven applications in particular.
The terms smart contract and blockchain have taken the world by storm as a means to transform how we collaborate and share information. The promise of not having to reconcile with each other constantly to determine which copy of data is true, and allowing all participating entities to share a single version of the business processes are …