CoreLedger, the platform empowering businesses of all sizes to seamlessly, quickly and affordably access the benefits of blockchain technology, has launched an industry-first “Active Sandbox” that allows small and medium-sized businesses to overcome the expense and technical barriers to blockchain technology.
Blockchain has great potential for enterprise, with investment into the technology expected to reach nearly USD $60 billion by 2025. But blockchain adoption failure rates currently reach up to 92%, due to the need to build from scratch, and the lack of flexibility for testing and experiencing use cases before going to market.
“If blockchain is applied properly, there are hundreds of use cases where the technology can improve efficiencies, reduce costs, save time and introduce more trust and credibility. But blockchain is also new technology, and taking advantage of it requires trialling, testing and sometimes, failing, in a safe and affordable environment. We’re significantly reducing the costs of adoption,” said Johannes Schweifer, CEO of CoreLedger.
CoreLedger’s technology and whitelabel products offer companies of all sizes access to blockchain’s benefits, allowing them to try it out or build a showcase without financial or regulatory risk prior to going live.
Businesses that lack the budget or technical expertise can test the technology within their own tailored environment, dramatically increasing the speed at which they can take it to market.
“CoreLedger saved us a lot of time and money on development. We were able to showcase our ideas immediately without writing a single line of code,” said Urban Scherrer, CEO of SWIC Digital.
Skilled personnel and blockchain know-how is a scarce resource, but SWIC Digital, a blockchain-based investment platform, managed to quickly stage a proof-of-concept and leverage the technology immediately.
With costs of blockchain development and adoption costing up to USD $1M with audits, maintenance, and time-to-maturity, CoreLedger’s unique system allows companies to access the benefits for a miniscule fraction of the cost.
Startups can also build a working proof-of-concept with the sandbox to gain buy-in for early stage investment, allowing businesses to take a concept to market within weeks.
CoreLedger was born out of a frustration around the lack of blockchain technology solutions that offered real-world use-case execution strategies beyond mere speculation.
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More businesses are embracing the opportunities in blockchain – more than 10% of global GDP is expected to be tokenized by 2027. But blockchain adoption has been slow, partly due to the high cost barrier to entry and the sheer amount of misinformation and mistrust surrounding the technology following fraudulent ICOs and DeFi schemes.
CoreLedger’s platform offers companies of all sizes the chance to trial blockchain technology first, through virtually endless use cases from digitalization of assets like gold or water, adding compliance to unregulated assets, proof of origin to track products along the supply chain, verifying carbon credit certificates, and even sustainability goals.
CoreLedger’s technology is powering projects around the globe including cattle ranching and farming in Latin America, financial services in Asia, para-banking and even a mobile game in Europe.