The Change We Need
The enterprise software market is more crowded than a Saturday flea market. With an extravagant forecast of $200 billion funneled into application integrations by 2019, businesses are grappling with a cocktail of disparate and isolated applications. This mad scramble for solutions comes with its unique set of woes as companies juggle ten to hundreds of custom applications, often resulting in a wild goose chase to achieve efficiency.
Blockchains to the Rescue
Enter blockchain technology, riding in on a white horse, promising an interoperable future. With ecosystems grounded in open-source protocols, companies can finally interact with financial applications and supply chain management systems without having to tear apart their existing business processes to play nice with various software providers. Imagine a world where your applications can actually talk to each other! How refreshing.
CommerceBlock: A Game-Changer
CommerceBlock is leading the charge, providing a platform that makes all this integration magic happen. By cleverly mixing protocols, CommerceBlock enables enterprise customers to execute their business processes smoothly over both public and private blockchains. It’s like when pizza and movies get together—pure harmony!
The Journey of Innovation
Starting this revolution were co-founders Nicholas Gregory and Omar Shibli. These visionaries have embraced Bitcoin Improvement Proposal 175 (BIP-175), an open-source standard that facilitates businesses in trading on public blockchains without letting the world peek at their business logic or contract details. Because let’s be honest, some secrets are just better left secret!
Asset Mobility: The New Marketplace
Asset issuance and management are vital aspects of any successful business process. Within the CommerceBlock ecosystem, enterprises will have the tools to issue, exchange, and track assets through federated sidechains. Take a property owner, for instance—armed with the ability to issue convertible debt assets that can be traded by hedge funds and investment banks while keeping all the juicy contract details hidden. It’s the type of cloak-and-dagger maneuvering that would make any spy proud!
On-chain Derivatives: Risk Management Made Easy
Every savvy businessperson knows that currency hedging is essential for risk management. CommerceBlock is shaping a protocol on the Lightning Network for businesses to hedge their currency risks with Bitcoin-backed derivative contracts. Think of it as a safety net for financial tightrope walkers, ensuring they don’t fall flat on their faces when markets swing like a pendulum.
Jump on the Token Train
And folks, this is just the tip of the iceberg. Soon, the CommerceBlock ecosystem promises a treasure trove of tools for various business processes—from asset issuance to escrow and currency hedging, pretty much everything a commercial bank provides but without the banker’s scowl. Get ready for the CommerceBlock token sale begining on November 28—40% of one million CBTs (ERC-20 tokens) will be up for grabs, with a handsome fundraising target of $25 million, making it an exciting ride for investors.
