Crowe launches its new Blockchain-based Smart Contracts serviceartis
After a year of launching its corporate accelerator (Accelera), Crowe incorporates a new value proposition for companies based on blockchain technology into its service offering. As a result of an open innovation project, the firm adds a new Smart Contracts service to its Consulting portfolio. This application of Blockchain technology allows the user of any type of contract to obtain transparency, truthfulness and security on all their transactions.
“The open innovation process that we carry out at Accelera brought us the expected results. With this step, we already have a product on the market that is technologically robust and global in scope. While for many blockchain is just an empty project in a powerpoint, for us it has become a service that clients can already start using ”, indicates Luis Piacenza, Consulting Partner of the firm.
Given the importance of contracts in sectors such as logistics or electronic commerce, and the need to streamline and guarantee the reliability of the processes in which they intervene, make the incorporation of blockchain technology a value-added solution for management of contracts.
According to the project team, in this type of distributed technologies everyone sees the same information, so it is impossible to falsify or modify the instances covered by the contract. “Although Blockchain technology is the vehicle in which we implement the service, the true added value is the ability we give companies to make greater commitments and generate higher levels of trust with their end customers, while creating a history of powerful brand that excites people, ”says Ryan McCreadie, CEO of Artis, a startup accelerated by Crowe.
The development of this new service has been carried out in conjunction with Artis International, which has been with Crowe for a year validating itself in different markets and managing its launch in Spain, which will become effective during 2020. In parallel, the firm is seeking to rapidly internationalize this service for its application to international and foreign trade contracts.