Welcome to Bluebarricade – The worlds fastest digital process based on blockchain.
In world of endless and ever growing internal and external transactions the ability to have full traceability becomes a real competitive advantage and in some regulated market segments a legal must. Bluebarricade delivers just that.
Ubiquitous digital processes with built in traceability requires unmatched scalability. We can deliver up to 1000 transactions per second enabling support for most demanding enterprise business transactions.
At the backend of our service we run IBM enterprise class blockchain. The #1 reason for Enterprise to invest in blockchain based service is cost reduction. The ability to create a digital process without the need for advanced and ofter very expensive need for integration services.
We build our solution together our world leading partner IBM. This ensures a stable and long term predictable service for you and your customers.
News from BlueBarricade
We are Bluebarricade
Blockchain technology is extremely topical and expectations are enormous. Research and advisory company Gartner made predictions in 2019 that this technology will create business values at a staggering level of 3.1 trillion US dollars – or approximately 2.7 trillion euros – by the year 2030. In addition, 53% of Fortune 500 companies list Blockchain as one of the top 5 strategic investments. In a survey by Deloitte asking 1400 companies with +500mUSD (US market) turnover and 100mUSD global companies, 53% replied that an investment in blockchain is on the top 5 list of priorities. An additional 27% classified it as important.
BlueBarricade has the capacity and model to enhance business using Blockchain in the IBM mainframe architecture. By combining the raw process power of IBM mainframe and the unique algorithm from BlueBarricade we have solved the main challenges for large enterprise use of the blockchain technology – Performance and Security.
BlueBarricade in partnership with IBM can process more than 1000 transactions per second which opens up for a whole range of new enterprise business opportunities using the power of blockchain. Security is the key. We execute blockchain inside the IBM mainframe on “zone 3” level. This means we process the transaction on the same level as global credit card transactions.
BlueBarricade is a global embedded partner for IBM and we work with all the IBM Z system certified partners. This enables us to assure that the full stack needed for a secure and scalable solution is architecture and provision by the best experts in the world and with application code that is developed and delivered with full service and support.
We provide a range of blockchain consultancy services to secure the best possible business outcome of a blockchain investment.
Safe Charity Donations
A major problem with charitable donations today is knowing where the funds end up. With blockchain technology we can track funds from initial donation to final destination, and make sure there is no risk of money laundering or misappropriation along the line.
Together with government health ministries in two countries and established health institutions in Scandinavia, we support charitable health initiatives with the transparent economy infrastructure they need to operate – significantly reducing administration costs as a bonus through the use of smart contracts based on blockchain.
A financial business case
A financial company based in the UK, active in the international money transfer services (remittance market) and the global donation market, turned to BlueBarricade and our IBM partner HCL to provide a blockchain based service.
Key business drivers:
- Track and trace payments due to more stringent international money transfer laws.
- Minimise the overall cost of the money transfer transaction.
The overall rules and regulations on international money transfer are getting immensely tightened around the world. This is primarily driven by the need to address things like money laundry and financing criminal activities in the world. In practice this means that any party today involved in the process need to know who is who in the transfer process and that they are who they say they are. In many cases today this process is very manual. Just think about when you go to the bank and want to deposit or withdraw a larger sum of money – you need to answer a long list of questions and usually fill in long forms.
At some point in the process it’s an +90% chance (IBMs marketshare on credit card transactions) that your transfer will be processed in a IBM mainframe at one or several banks.
By putting this transaction into a blockchain we directly gain a big advantage – traceability. All transactions are logged and can be validated by a 3rd party at any time (audit). And by adding the blockchain interception at the heard of the transaction in the mainframe we can achieve great performance with very little transaction overhead making it very cost effective.
How to get started?
Blockchain comes with many promises and is fundamentally a very broad technology. This creates both a huge opportunity and a challenge. As
most technologies it can be used in many different use cases, but that does not mean it’s great at all of them.
When you first contact us, you will be assigned a contact person to help you navigate through this journey. We set up a meeting to discuss your
goals, ideas and the potential of blockchain within your field of business.
When we have an idea of what we want to accomplish, we start by looking at what processes in your system it makes most sense to enhance with
blockchain technology. Through a series of workshops and benchmark questions we identify the most likely process to start with, and deliver
a recommendation report that can be presented to management to guide decision making.
Based on the recommendation report made in the pre-study, we can move into a proof of concept phase or directly to production.
Start your journey to become a secure, transparent blockchain-based business today >>
Make Blockchain real for Business
Single source of truth
Tamper proof (extra security)
Prove Identity & ownership
100+ year architecture
Trust is essential
This is why BlueBarricade have partnered exclusively with IBM. It enables us to assure that the full stack needed for a secure and scalable solution is architecture and provision by the best experts in the world and with application code that is developed and delivered with full service and support.
Jerry Cuomo, VP of Blockchain Technologies at IBM, has stated that security is their top priority and they’ve done everything they can to make this Blockchain service as secure as possible.
To ensure that they prevent unauthorized access by creating a security container for the ledger, they have separated the ledger from the rest of the cloud environment, and they have even added “tamper-responsive hardware”, which will shut itself down if a hacker tries to access the network.