8D BLOCKCHAIN DELIVERY
8D Digital’s technical team are highly proficient in utilising block-chain to solve issues of trust and shared data in a variety of applications. Ethereum and Hyperledger lead the Smart Contract sub-group, yet are just the tip of the iceberg for a deep and entwined category, with each sub-group enhancing or supporting the other
The projects under this category serve to facilitate the exchange, lending, and investment of different cryptocurrencies. Sub-groups under the Fintech category include: trading and decentralised exchange, insurance, lending, and funds or investment management.
Projects in the Sovereignty category are turning to Blockchain to address privacy concerns for highly sensitive data on the cloud. Blockchain’s distributed database provides a more secure alternative for some data sets. Sovereignty projects can be clustered into seven sub-groups, each addressing a specific data type: user-controlled, governance, VPN, communication, identity, security, and stablecoins.
Key members of the team were involved in creating a brand new digital banking platform based on a custom build data platform using technologies such as Cassandra, Spark and Scala. The members of the team were leads and hands on senior developers who worked with all different facets of the bank to not only to develop the platform but integrate data from all areas of banking such as: core banking, wealth management and business banking. This was one of the largest projects ever undertaken and the key responsibility lay with the members of our 8D technology team
In traditional shared data exchanges, the aggregator of the data is the one who benefits the most and rarely passes that value on to the individuals and companies who own the data. Shared data is also difficult to aggregate and verify between multiple parties. Blockchain lowers the barrier to entry by giving autonomy to data owners that allows them to ‘take their data with them,’ as they engage with other parties for whom their data may be useful.
Blockchain also allows for the democratisation of data-collection, enabling a wide network of participants to add, annotate, and build insights from data. Contributors whose data has proven the most useful can be incentivised through tokens, which increase in value as the organisation grows.
Projects currently underway to leverage Blockchain technology for shared data are divisible into five sub-groups: Internet of Things, supply chain and logistics, attribution, reputation, and content curation.