Corda Proof of Concept delivered to leading car leasing provider

Image for post
Image for post

Disruptr GmbH recently delivered successfully a Proof of Concept (POC) to the largest and leading car leasing providers in Switzerland!

This Prototype is using 6 Corda nodes. One Corda node for each of the 5 companies: Sales, Retail, Insurer, Regulators, Cardossier and one notary node.

We have done the business analysis, conception, and development of 6 business objects (states), 110 business flows, 5 state machines. it took us 35 days of hard work to complete it.

We enjoyed using Corda for our customer because:

  • Unlike permissionless blockchain networks, transaction data between parties on Corda are private.
  • Businesses can transact directly, seamlessly and securely using P2P technologies.
  • Cardossier is already managing all relevant information over the entire life cycle of a vehicle, comprehensible and safely.
  • Corda is an open-source platform.

We created a Key Performance Index (KPI) analytics Flow to keep tracks of time and efforts saved by this new solution. Our customer was able to assess visually and in real-time the efficiency and savings (savings in millions of CHF) of this Distributed Ledger Technology (DLT) solution compare to the existing system, building a solid financial foundation to continue working on that case.

Corda CorDapps, or applications built on Corda, are built to transform businesses in finance, insurance, healthcare, energy, and more.

Smart contracts on Corda provide a single source of truth that can be verified by all stakeholders, delivering transparency to all parties.

This solution will potentially span over multiple Swiss Canton and multiples companies in the future proving that Distributed Ledger Technology (DLT) is here to stay and revolutionize the way we move assets and create transactions.

Disruptr offer services regarding blockchain IT consulting & engineering, blockchain strategy and advisory services, including:

  • Conception and realization of proof of concepts, complete projects.
  • Project management for implementations
  • Smart contract auditing
  • Blockchain courses/trainings
  • Technical content writing
  • Development of software products using Corda/Ethereum

Would you like to learn more about how blockchain can help you automate processes, lower costs, create transparency and make your business more efficient? Contact us

Disruptr offer services regarding blockchain IT consulting & engineering, blockchain strategy and advisory services, Corda/Ethereum development

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store