Maciej Cielecki, CEO and co-founder at 10Clouds and Dennis van der Vecht, Blockchain Account Executive at 10Clouds discuss blockchain history, use cases and what lies ahead
For companies looking to incorporate blockchain solutions beyond crypto, what need to be the initial considerations?
Dennis van der Vecht: As CoinDesk’s director of research beautifully stated “Blockchain technology, for all its merits, is not a new technology. Rather, it is a combination of proven technologies applied in a new way. It was the particular orchestration of three technologies (the internet, private key cryptography and a protocol governing incentivisation) that made the idea so useful”.
It is important for companies to identify areas of friction within their internal or external environment that can benefit from either of these solutions. Solving an actual problem is what matters. The way to do it efficiently could be blockchain or other solution.
Therefore having the right advisory is essential to identify the next steps. A lot of potential and current clients we talk with need technical know-how to break their ideas or even internal processes in small pieces and scope out potential needs. Discovery workshops are a perfect way to work together with the stakeholders. They allow us to find our their actual needs and develop an initial roadmap into solving a pain point.
10Clouds has handled over 20 blockchain projects so far. Could you give us an example of a project, in which blockchain implementation drastically changed how your clients’ company operates?
Dennis van der Vecht: 10Clouds has worked on many projects that aspire to change the world. The projects vary – some clients want to disrupt a specific industry, while others work towards solving a more global-scale struggle that hits ethical levels.
Regarding industry-level, we have handled many of them. From building secure exchanges that should replace traditional exchange platforms to a KYC/AML process that ensures no fraudulent activities could happen on your platform.
We worked on one product that tries to replace Google Adwords with a peer-to-peer platform for buyers & sellers. It chases the market leader by offering additional value that is impossible to implement without blockchain. Each project is using certain aspects of blockchain to leap forward within very traditional industries or monopolised environments.
Regarding larger scale problems: A great project we are currently working on answers the question “How do I verify that my gold is from a responsibly sourced environment?”. It doesn’t change the client’s company, but may solve a problem that has been hidden for centuries. Another one of our blockchain projects already helps victims of human trafficking!