AdNovum launches blockchain solution for companies

The new solution for companies is called Secure Blockchain for Business, as was reported in a press release from AdNovum. This platform allows the development and operation of digital business ecosystems based on blockchain technology. Such ecosystems help improve cooperation between the most diverse companies, private individuals and public sector players involved.

“Blockchain is ideally suited to the execution of cross-company business processes. It creates a trustworthy environment for transactions and offers a shared view of data within an ecosystem,” explained Tom Sprenger, CTO of AdNovum. Blockchain-based ecosystems have the potential to revolutionise traditional business models and entire industries.

AdNovum has developed modules and mechanisms that will ensure this platform is secure. To deal with any legal issues, the company is working with Suter Howald Rechtsanwälte – a law office in Zurich that specialises in business law.

AdNovum explains that the new solution builds on the experience gained with its Car Dossier project. Car Dossier enables all relevant data from the life cycle of a vehicle to be stored in a blockchain dossier. AdNovum realised this solution in collaboration with the University of Zurich, the Lucerne University of Applied Sciences and Arts, AMAG, AXA, Mobility and the Road Traffic Office for Aargau.