Why Digital Asset Management Consulting is Essential for Modern Businesses
Digital asset management consulting helps organizations streamline content, eliminate inefficiencies, and create a centralized system for all digital assets. DAM consultants provide:
Strategy Development – Assessing the current state and creating implementation roadmaps.
Technology Selection – Offering platform-neutral guidance to choose the right DAM system.
Implementation Support – Managing asset migration, system integration, and user training.
Ongoing Optimization – Providing continuous monitoring, updates, and performance improvements.
ROI Achievement – Delivering measurable results through reduced costs and increased efficiency.
The global DAM market, valued at $4.5 billion in 2022, is projected to reach $15.4 billion by 2030, reflecting how critical these systems have become.
Without a proper DAM, organizations face serious challenges. Companies often struggle with rights management, leading to legal disputes, while employees waste time searching for files, which decreases productivity. The cost of disorganization is high, with a significant risk of outdated or off-brand content damaging brand identity and creating a disjointed customer experience.
A DAM system acts as a single source of truth for your organization. By improving internal processes and team collaboration, it frees staff to focus on core creative work that drives revenue.
The Strategic Value of Digital Asset Management Consulting
Your marketing team can’t find last week’s photos, sales just used an outdated logo, and legal is scrambling to track usage rights. This digital chaos is common, but it doesn’t have to be your reality. Modern businesses create a constant stream of digital content, and managing it smartly is where digital asset management consulting becomes a game-changer.
DAM consulting isn’t just about installing software; it’s about fundamentally changing how your organization interacts with its digital assets. When done right, it ensures teams find what they need instantly, keeps your brand message consistent, and supports your broader digital strategy. It brings order to digital chaos, leading to dramatic improvements in team collaboration and customer experience.
Digital asset management consulting guides you through organizing, storing, and using your digital assets effectively. Without expert direction, the path to effective DAM is filled with costly mistakes. The process starts with building a solid business case by understanding your pain points and defining success.
From there, consultants optimize processes by analyzing how assets flow through your organization and identifying bottlenecks. While the right technology can improve efficiency, it’s only effective if the underlying processes are sound. With dozens of DAM systems on the market, our platform-neutral guidance focuses on your actual needs, helping you avoid pitfalls like choosing a system that’s too complex, too limited, or poorly integrated. This careful approach ensures a measurable ROI through reduced costs and improved brand control.
How Consultants Solve Key Business Problems
Without a proper system, managing digital assets is frustrating and ineffective. Digital asset management consulting directly tackles these common headaches:
Inefficient Workflows: When assets are scattered, creative teams spend hours hunting for files instead of creating, delaying projects.
Wasted Time Searching: Productivity plummets when teams can’t locate the right logo or latest product specs for important meetings.
Unauthorized Content Use: Using expired or outdated materials can lead to legal disputes and financial penalties that are easily avoidable.
Disjointed Customer Experience: Inconsistent branding from outdated logos or conflicting messages erodes customer trust.
Solving these core problems systematically boosts productivity and empowers your teams to work more efficiently and confidently.
Selecting the Right DAM Consultant or Firm
Choosing the right digital asset management consulting partner is critical. You need a partner who understands your business, challenges, and vision.
Look for a platform-neutral approach. The best consultants objectively assess various systems to find the one that fits your needs, not one that pays them a commission. While industry experience is valuable, consultants with broad experience across different sectors often bring insights from solving similar problems elsewhere. A user-centric methodology is paramount; a system is worthless if your team won’t use it.
Technical expertise is crucial for implementation, integration, and optimization. Finally, check client testimonials and track records for real-world evidence of their capabilities.
At Web3devs, we deliver proven results in digital asset management consulting. We create comprehensive, user-friendly, and scalable solutions that empower teams and strengthen brands.
Core Services and Methodologies of a DAM Consultant
Starting your DAM journey can feel overwhelming, but a digital asset management consulting partner provides a clear, structured path.
We take a comprehensive approach covering every stage. Strategy development comes first, creating a custom blueprint for your business goals. Technology selection is where our platform-neutral expertise helps you find the perfect fit without vendor bias. During implementation guidance, we work alongside your team on asset migration and system configuration. Our commitment continues with managed services for ongoing support and optimization. Finally, governance planning establishes clear rules and roles to maintain organization and effectiveness long-term.
Foundational Services: Strategy and System Selection
Every successful DAM project starts with a solid foundation. A thorough needs assessment helps us understand how your teams work, where they get stuck, and what they need to succeed. Through stakeholder engagement, we gather requirements and build consensus to ensure the system works for the people who use it daily.
We then assist with RFP creation, crafting documents that focus on your actual requirements. This leads to a cleaner vendor selection process, where we help you evaluate responses objectively. Our solution design work ensures the chosen system integrates thoughtfully into your existing digital ecosystem, improving rather than disrupting workflows.
Once a system is selected, implementation begins. This is where digital asset management consulting turns plans into action.
Asset migration planning is a critical step to move thousands of assets into a new system with their metadata intact and minimal disruption. System integration connects your new DAM with existing enterprise tools like Product Information Management (PIM), Content Management Systems (CMS), or Customer Relationship Management (CRM) to create a unified digital ecosystem.
The technical setup involves configuring the DAM software, user permissions, and performance settings. Quality assurance testing identifies and fixes any issues before launch. Finally, user training and onboarding are designed to drive enthusiastic adoption, turning potential skeptics into champions.
The Role of Metadata and Taxonomy in a Successful DAM Strategy
A DAM system is useless without proper metadata and taxonomy. These elements transform a storage system into a powerful business tool.
Metadata frameworks define the descriptive information for each asset, such as creation date, usage rights, and keywords. Taxonomy development creates a logical, intuitive filing system custom to your organization’s workflow. Together, they dramatically improve asset findability, saving time and reducing frustration.
To ensure data integrity, we help establish processes to keep metadata consistent and accurate. Automated tagging can leverage AI to streamline asset ingestion, reducing manual work. Governance policies provide the guardrails to keep your metadata and taxonomy systems healthy long-term, preventing a slow drift back into chaos.
The DAM Implementation Roadmap and Measuring ROI
Implementing a DAM system is a journey. Our digital asset management consulting approach provides a clear roadmap, guiding you through each phase while ensuring you can measure the return on your investment.
This roadmap acts as your GPS for digital change. We start with an assessment of your current state, then define clear objectives aligned with your business strategy. The asset migration phase moves your content into the new centralized system. Training and adoption ensure your team accepts the new tool, followed by ongoing maintenance and review to keep the DAM performing at its peak.
Best Practices for DAM Implementation and Adoption
A successful DAM implementation is about weaving a new way of working into your organization. Our digital asset management consulting services focus on proven strategies that drive high adoption.
Phased Rollout: We start small with early adopters to gather feedback and build momentum before a full-scale launch.
User-Centric Design: We constantly ask, “Will this make users’ lives easier?” to ensure the final solution is genuinely helpful.
Comprehensive Training: We create customized training programs that speak to different user groups in their own language.
Change Management: We help communicate benefits, address concerns, and foster enthusiasm for the new system.
Establishing Governance: We define clear roles, responsibilities, and workflows to keep your system organized long-term.
Calculating the ROI of your digital asset management consulting engagement
“What’s the return on investment?” It’s a critical question. Our digital asset management consulting approach is designed to deliver measurable value.
Key ROI drivers include accelerated revenue from getting content to market faster, and significant cost savings by eliminating the need to recreate lost assets. The time saved on asset searches adds up quickly, freeing thousands of hours annually for strategic work. Reduced recreation costs eliminate wasteful duplication. Finally, mitigating business risk protects you from legal disputes and brand damage by ensuring proper rights management and consistency.
Metric
Before DAM Implementation
After DAM Implementation (Consulting)
Time to find an asset
15 minutes
30 seconds
Asset recreation rate
10%
Less than 1%
Brand inconsistency
High
Low
Compliance issues
Frequent
Rare
Marketing campaign launch time
4 weeks
2 weeks
These metrics represent tangible changes that impact your bottom line.
Ensuring Long-Term Success and Scalability
Our commitment doesn’t end at launch. Digital asset management consulting means being your partner for the long haul.
We establish continuous monitoring to track performance and user adoption. Performance optimization keeps your system fast and responsive as your asset library grows. Security management protects your valuable assets with robust protocols, while regular system updates keep you current with evolving technology. We also help establish user support channels and design future-proofing strategies to ensure your DAM is flexible and scalable for years to come.
Emerging Trends and the Future of DAM
The landscape of digital asset management consulting is rapidly evolving with exciting new technologies. We’re not just keeping up with these changes—we’re helping our clients get ahead of them.
The biggest shift centers around artificial intelligence and machine learning, which are making DAM systems smarter and more intuitive. We’re also seeing blockchain integration revolutionize asset ownership and provenance—a field where our Web3devs team has deep expertise. Other game-changers include digital twins for manufacturing and remote sensing technology from drones and IoT devices, all generating new types of digital assets that require sophisticated management. The future is about managing assets more intelligently, turning DAM systems into powerful business intelligence tools.
Leveraging AI and New Technologies in Your DAM
Digital asset management consulting today means helping organizations harness AI to automate complex tasks.
AI-powered metadata is a major game-changer. An AI can scan thousands of photos and automatically identify objects, colors, and styles in minutes. Automated content tagging can analyze videos to identify scenes, transcribe dialogue, and even read documents to categorize them by topic.
Predictive analytics helps your DAM identify patterns, such as which assets perform best in campaigns, helping you make better content decisions. Visual search capabilities allow creative teams to find assets using a sketch or similar image instead of keywords.
At Web3devs, our blockchain expertise opens up more possibilities, like using decentralized ledgers to create unbreakable records of asset ownership and usage rights, which is invaluable for high-value creative assets.
One size doesn’t fit all in DAM, and specialized digital asset management consulting addresses unique industry needs.
Marketing and creative operations rely on DAM for brand consistency and faster campaign delivery.
E-commerce businesses use DAM to manage vast product catalogs accurately across multiple sales channels.
Healthcare organizations need DAM to maintain strict security and regulatory compliance for sensitive materials.
Government agencies manage vast archives, using DAM to balance public accessibility with security and long-term preservation.
Financial services companies require DAM for compliance approval, version control, and detailed audit trails in a highly regulated environment.
Manufacturing is using DAM to manage new asset types like digital twins, 3D models, and IoT data.
Understanding these nuances allows us to design solutions that are perfectly custom to each industry’s challenges.
Conclusion
Effective digital asset management is no longer just about organizing files; it’s a strategic imperative that drives operational efficiency and brand consistency. Digital asset management consulting transforms this overwhelming task into a streamlined, profit-generating system.
Partnering with expert consultants provides centralized control, eliminating the frustrating hunt for files and ensuring everyone uses the correct, approved versions. This leads to automatic brand consistency, which builds customer trust and strengthens your reputation. The operational efficiency gains are immediate, as teams stop wasting time searching for or recreating assets, allowing marketing campaigns to launch faster and creative teams to focus on creating.
Most importantly, professional DAM consulting ensures your system is future-ready. As AI and blockchain technology reshape digital ownership and rights management, your DAM must evolve.
At Web3devs, our deep expertise in blockchain technology since 2015 gives us a unique perspective on the future of digital assets. We understand both current content management challenges and the emerging opportunities in decentralized technology. Whether you’re a small business or a large enterprise, we can help you steer this digital change and build a DAM system that adapts, scales, and grows with your business.
Blockchain technology is much more than just cryptocurrencies!
Blockchain technology is a rapidly growing, exciting and versatile technology that can be used for a vast array of applications and is already reshaping many industries, including medical and financial systems on a global scale.
The application of Blockchain technology is ever expanding and gaining trust and prominence across an increasing growing number of business sectors and industries with large financial investment and development time pouring in. Blockchain MVP development is crucial for validating the value proposition and identifying strengths and weaknesses of blockchain applications.
Major city banks, logistical companies, the education sector, electronics manufacturers, and multi-sector giants such as Microsoft are all taking advantage of Blockchain technology to deliver state of the art solutions and solve some of the world’s most demanding problems.
So, what are the benefits of utilizing blockchain technology?
Fully automated processes
A tamper-proof ledger
Help to cut costs related to data storage
Eliminates the need for any third-party authentication
Vastly improved security and trust of with transaction
Increase transaction speed and higher volumes
Developing a blockchain solution as an MVP can validate the value proposition, showcase unique blockchain features, and provide a low-risk method to test ideas before full-scale implementation
How can we help?
Since its inception, we’ve been at the forefront of Blockchain technology, keeping our finger on the digital pulse to ensure we are aware of all the latest developments, its benefits, and how we utilize it to deliver only the very best products to all of our clients.
At Web3dev, our awesome team of blockchain specialists can help you design and build a viable POC (proof of concept) all the way through to setting up your fully-fledged decentralized application (dApp). Our development process for creating a blockchain MVP involves several stages, including defining the product, developing core functionalities, deploying the solution, and incorporating security measures and user feedback to ensure continuous innovation.
No matter what your business, get in touch today and see how Blockchain technology can be utilized to launch your idea. MVP development is crucial for testing core functionalities and gathering user feedback, which is essential for enhancing scalability and performance in the blockchain industry.
Are you ready to make your move?
Get the ball rollingdiscussing everything and anything from Hyperledger’s, C++ and Solidity with our knowledgeable and friendly team of blockchain developers, we’ll help you every step of the way to understand the vast and exciting languages of blockchain and how your ideas can merge with this diverse array of technologies.
The development team at Web3Dev specialize in a wide range of Blockchain Development languages including:
Solidity
Java
C++
Ruby
Python
Scala
GoLang
Rust
Identifying the core features is crucial for a successful MVP, ensuring it addresses user pain points and fulfills key market needs.
Each project is unique with different goals and challenges and so we can get the best picture of your idea, we’ll be focusing on important elements such as
Your business needs
Your projects budget and time frame
Obstacles and potential risks
Strategy and deployment
Updates and support
The development team at Web3Dev specialize in a wide range of Blockchain Development networks including:
Ethereum
Stacks
Algorand
Solana
NEAR
Aurora
Radix
Polkadot
More…
Once we have a clear picture of your objectives, we will work with you to identify the most suitable technologies for your Blockchain application so that when the time some to showcase your project, everything is ready to present to likes of consumers, business partners, and potential investors.
All our solutions are tailored to meet your distinct needs and can be deployed across both mobile and web platforms ensuring that your product is easy to engage with and does exactly what you need it to do.
From research and development all the way through to deployment and support, effective Blockchain development requires both skills and procedures and that is why as a business, we have invested a large amount of time and resources into both. This helps us deliver your project in an easy to digest manner, that all parties involved can understand and ultimately be a success for you and your business.
Blockchain Development of MVP
Blockchain Development of Working Product
Blockchain Development of Crypto Payment Gateways
Blockchain Development of Record Keeping on Public blockchain
There’s no escape from the blockchain buzz. The debates happening online are hot: will consumers favor decentralized services? Or will blockchains remain reserved for cryptocurrencies?
Unsure which side to take?
This post will help you develop a better understanding of the blockchain technology and the value it may bring for your business.
What is Blockchain Technology
The blockchain can be compared to an endless ledger containing thousands of transactions, duplicated and stored across a network of computers. Essentially, blockchain is a type of distributed database that maintains records in a secure and decentralized manner. No one in particular owns or controls this ledger. It is powered by the community choosing to interact with it.
A blockchain protocol is a set of standards that govern the operation of blockchains, adapting basic blockchain principles for different applications, such as private and consortium networks like Quorum. These protocols enhance security and efficiency, making blockchain a valuable tool for various industries, including transparent voting systems.
Blockchain is an open-source technology. Anyone with enough skills can use this technology to code a distributed ledger and invite others to participate. You can include specific rules and permissions for using your ledger for different groups of users. All the records on the blockchain can be made public or stored privately with a permissioned access. You can also indicate who can add and validate new entries (blocks) on the blockchain and propose rules for deciding on their validity. No matter which setup you chose, the information on the blockchain will remain easy-to-aduit.
Let’s illustrate this with an example. Your friend Dave wants to purchase a used car. He wants to avoid buying a stolen vehicle or a car that got in too many accidents. If the car’s history was recorded on the blockchain, Dave would be able to review the string of ownership back to the moment when that car was brought in from the dealership; check out accident records and get to know if the past owners “forgot” to pay some fines.
The best part is that no one can tamper the records in any way once they are validated on the blockchain. If the previous vehicle owner was in a major accident, he wouldn’t be able to “erase” that fact from the ledger.
So the blockchain is a tamper-proof, distributed digital ledger of transactions. It can be programmed to record, store and exchange any types value exchanges. All the records are stored in a distributed manner, meaning there’s no single point of failure a hacker could exploit.
All the transactions are also protected by the state-of-art cryptography – a mechanism more secure than the standard “username/password” systems we use to safeguard our data and assets online.
How Does Blockchain Work
The blockchain networks are built from three major components:
A cryptographic keypair (public + private key, stored in a blockchain wallet) enables a secure digital identity reference. The keypair helps ensure that Jane is exchanging data with Joanna, not John, without exposing Jane’s private details. By signing your transaction with your private key you also place an “ownership stamp” on it, meaning the transaction can be traced back to you if needed. Blockchain platforms like Ethereum and Hyperledger Fabric support blockchain technology and its applications, enabling features like smart contracts and providing tailored solutions for different industries.
A decentralized, P2P network. Instead of a central authority, a community of blockchain users decides whether your transaction is valid and can be added to the blockchain. Blockchain users can maintain anonymity while transactions remain transparent through the public ledger. The community uses mathematical verification to evaluate the history of the individual blocks that are proposed to be added and the “sender” signature validity. Once enough users verify that your transaction is valid, it is processed and recorded on the blockchain.
The network servicing protocol. The block, packed with transactional data, digital signatures and a timestamp, is broadcasted to the network’s participants. The block verification process requires tremendous computing power. Public blockchains encourage the community to service the network by offering a reward for their effort – cryptocurrencies such as Bitcoin or Ether. Recording transactions in this manner establishes secure, immutable records across decentralized networks, enhancing data integrity and reducing the risks of fraud.
The original vision of the Bitcoin blockchain was to “create a system for electronic transactions without relying on trust”. Bitcoin programming language still remains limited to handling financial transactions, mainly cryptocurrency exchanges. Digital currency, such as Bitcoin, relies on blockchain technology to facilitate secure and peer-to-peer transactions, although they are distinct entities.
The majority of business blockchain applications are now powered by Ethereum, or custom forks of the platform’s original blockchain. Unlike Bitcoin, Ethereum blockchain is more versatile and can be used to code different types of blockchain apps – document exchange networks, blockchain voting systems or even a car-sharing app. We’ll get to more examples in the next section.
Ethereum founders have introduced Turing-complete Virtual Machines (VMs). These Ethereum Virtual Machines enable blockchain developers to deploy code on the Ethereum blockchain without the need to allocate additional resources such as computing power or maintain network bandwidth. EVMs are fully programmable and function just like your laptop.
The EVM’s programming language, Solidity, allows developers to code any types of smart contracts – autonomous applications, automatically executing pre-coded agreements whenever the indicated condition is met. For example, Dave and John can create the next agreement on the Ethereum blockchain:
When Dave’s account has a positive balance of $10,000;
And if the car’s title and registration papers have been signed and forwarded to him;
Than $10,000 should be sent to John’s account.
If either of those conditions is not met, the deal does not take place.
Smart contracts eliminate the need for a “middleman” to broker the sale or overview a non-financial agreement that two parties have made. The blockchain represents a “shift from trusting people to trusting math” when conducting any exchanges – a more secure way of collaboration between the two parties, who don’t trust each other.
Smart contracts have propelled the creation of Dapps – decentralized applications that are built on the Ethereum blockchain or another platform that allows coding smart contracts e.g. Qtum or NEO-One. Smart contracts are an open-source technology – the agreement information thus remains public. Thus, some businesses may choose to keep certain parts of the application in a centralized environment or choose to create a private fork of the blockchain to limit external access to the information recorded on the ledger.
Types of Blockchain Networks and Private Blockchain Networks
The blockchain can be coded with different permission structures to match your business needs.
Public blockchain allows anyone to propose new transactions and have those recorded on the blockchain as long as they are valid. Any user can participate in the consensus process and help validating new blocks. Public blockchains are fully decentralized, as there’s no single “authority” overviewing the consensus process. The two well-known examples are Ethereum and Bitcoin blockchains.
Pros
Zero infrastructure costs – the blockchain is supported by the community.
Reduced costs for deploying and running a decentralized application.
Completely eliminates the need for any intermediary to deliver your service e.g. a server or cloud services provider.
Consortium blockchain limits the number of users who can participate in the consensus process (and add new blocks to the blockchain) to a selected few. This type of blockchain can be compared to a company board – each member (node) has one vote. To add a new block, at least 8 out of 15 members should vote to “sign it”. Consortium blockchains can have a public or a restricted right to be read. Examples: Energy Web Foundation, Corda and Azure Multi-Member blockchain.
Pros
Lowers transaction costs and data redundancies.
An effective replacement for an outdated legacy system e.g. to improve document processing and eliminate manual compliance mechanisms.
The private blockchain is fully centralized. A private blockchain network operates on a closed network tailored for specific use cases, primarily focusing on business and organizational needs, with centralized management for enhanced security and control. Permission to write new transactions is limited to one node. The recorded information can be either public or have permissioned access. Private blockchains do not use the same secure consensus mechanisms (proof-of-stake/proof-of-work) to validate transactions. Instead, the process is done by someone internally. Some argue that a centralized consensus mechanism, in turn, may make the network less immutable and transparent.
Private blockchain networks are closed systems managed by a single organization that allows customization of access and security settings. The controlled nature of these networks means that authority dictates membership and privileges, leading to a partially decentralized framework.
In a recent post, Paul Frazee proposed an interesting solution that may eliminate the need for a decentralized consensus without compromising blockchain immutability. His idea is to replace miners with a single host, which would maintain a secure ledger. This secure ledger will include information about the host state and its activity log, including all requests and their results.
The host is designed to follow a predetermined set of business rules – stored as code on the ledger or outside of it. This ledger is public to read: all users can monitor all the activities and compare the inputs against the published code. Whenever any deviation occurs, the users are instantly notified and can take respective action.
A blockchain network, thus, can be made accountable by a very hard-to-forge public log. For example, such system can be used to help regulators monitor compliance and conduct company audits only when some unusual activity is registered without involving a large pull of external validators.
Private blockchains are primarily designed to facilitate B2B operations and are making their way into supply chain management, government management, healthcare and the financial industry. Examples: IBM Hyperledger and Multichain.
Pros:
A higher level of data privacy, essential for certain industries.
Transaction validation costs are lower and processing time is faster as each transaction needs to be validated by one node, rather than thousands as it is on public blockchains.
Business Use Cases of The Blockchain Technology and Smart Contracts
Global blockchain technologies market has reached $339.5 million in 2017. By 2021, it is predicted to hit $2.3 billion.
So what exactly the blockchain pioneers are up to?
Blockchain smart contracts hold a strong potential in the nearest future. Any industry still stuck with paper contracts and guilty of accumulating piles of reporting documentation can greatly benefit from this technology.
Distributed ledger technology (DLT) enhances security, authenticity, and efficiency in various industries by providing a decentralized database system that prevents data tampering and ensures all parties have synchronized access to transaction records.
CB Insights further indicates around 36 big industries that can be disrupted by blockchain – advertising, messenger apps, education, hedge funds, cloud computing and more. For the sake of this article, we’ll focus on just a few curious business use cases.
Blockchain in Supply Chain Management
There’s this one industry where 80% of documentation is still in paper form – the shipping industry. This over-reliance on paper often results in operational delays, and what’s even worse – fraud. Forged cargo documentation and bills of lading is a multi-million problem.
Blockchain-based smart contracts can have the next advantages for the shipping industry and supply chain management in general:
Quick-processing time – document exchanges can take place in a matter of minutes, not days. A smart contract will also ensure that all the necessary documents are in place before the cargo is shipped.
Transparency – all the parties can review the added information and audit if necessary. Each participant can be aware of the transactions performed by other and can’t state that he “didn’t receive” or “haven’t seen” a certain document.
If paired with IoT Sensors, smart contracts can detect cargo damage in real-time; inform the other party, initiate an insurance claim and issue a refund to the affected party – all without human intervention.
Each new block in the blockchain strengthens the integrity and verification of the previous block, ensuring the overall security and preventing tampering.
Blockchain in Healthcare
The healthcare industry operates gigabytes of data on a daily basis – private patient records; payment and insurance data; clinical trial results etc. The wrinkle? These data exchanges are often ineffective and still happen manually as different providers use different legacy systems, incapable to “communicate” well with one another.
Those outdated legacy systems are also a huge security vulnerability. While the government actively campaigns for the adoption of electronic healthcare systems, most providers struggle to comply with basic HIPAA requirements for data security and privacy. Blockchain users, leveraging cryptography, can maintain secure digital identities, ensuring that data exchanges are both secure and transparent.
Need to speak to someone about blockchain? Book a Session
One compromised patient record costs $380 for the provider, not to mention the additional fines and audit costs incurred by the institution once that breach “surfaces”.
Here’s how blockchain works towards fixing those issues:
The blockchain eliminates the interoperability problem and can become the “industry standard” for seamless and secure data exchanges. In fact, 70% of hospital managers strongly believe that blockchain can become a game-changing solution to this problem. The technology can also help ensure better connectivity for IoT medical gadgets.
Smart contracts can reduce the costs of compliance and regulation. Medical systems can be coded to comply with the set rules automatically.
Service providers can cut down on the reconciliation costs and hire more medical staff instead. Less administrators + more doctors = better healthcare.
Patient data storage can be distributed among several entities. Healthcare providers will no longer be a “single point of failure” if any breach takes place.
Patients will also get more visibility and control over their health data as the blockchain enables them to see how and when their information is being used.
Blockchain as a Service (BaaS)
Not every business may be ready to invest in a blockchain infrastructure built from scratch. And they no longer should.
To match the growing interest, popular cloud service providers like IBM, SAP, Oracle and Microsoft have rolled out attractive BaaS options. Azure, for instance, now supports distributed ledgers such as Ethereum, Hyperledger Fabric, R3 Corda, Quorum, Chain Core and BlockApps.
BaaS platforms can be used to develop private or consortium blockchains or develop blockchain-based add-ons for existing applications. These platforms support blockchain protocol standards, facilitating blockchain development by providing a set of standards that govern the operation of blockchains. Building atop a BaaS platform is a cost-efficient alternative to extended development timelines and the need to assemble a dedicated in-house team of developers.
Back in the day cloud computing have disrupted the way we exchange data and deliver services. Blockchain may soon become the next technology of choice for better collaboration. Interested in how your business can gain a competitive edge with the blockchain technology? Contact our team for a consulting session.
Web3devs blockchain development shop presents a demo of their new cryptocurrency payment gateway called
Full Payment Gateway for Cryptocurrency
In order for more merchants to adopt technologies like BitCoin, our industry needs to find the time to educate or make things simpler. Root Payments is here to help with both. This technology is easy to use, even without technical knowledge of how cryptocurrency works. No one understands how dollar valuations work, but we still use them every day. Our vision is to make cryptocurrency that easy.
Merchants point of view
Merchants don’t always understand why they need to accept alternative payments like cryptocurrency. It is even harder when there’s no easy way to implement a solution for them that works with their current transactional flow. We are taking on these issues to help the merchant make it ‘just work’ and ‘just get paid’
I have a confession to make. The conspiracy theorists are going to run wild with this one. The truth is my father worked in the banking industry (I promise I’m not some establishment plant sent to infiltrate the blockchain industry… isn’t that what an establishment plant would say though??). For most of my dad’s career he worked as an IT manager for some of the major banks around the world. It always seemed like a pretty sweet gig. Working on banker’s hours, he was home at 5:30 on the dot every single weekday. No late nights, no weekends…
Except for one week every year. The dreaded week that came each and every year where they would deploy all the code they’d been working on for an entire year all at once. Yes, that’s right, they would deploy everything from an entire year all at once. He’d be on-call 24 hours for days just in case something went wrong. It would always be a very stressful time. But you know what? It generally went pretty smoothly.
Now, don’t get me wrong, I’m not advocating for waterfall project management. I’m a firm believer in agile methodology. But I also think there are some important lessons we can learn from those days. The reason they deployed code so infrequently is that they had to make absolutely, 100% sure that everything worked. The startup philosophy of “move fast and break things” could not be their motto. Why?
Because their software was managing large amounts of other people’s money.
Sound familiar? They had zero room for error. And they would almost always accomplish that. How? Waterfall development emphasizes two very important things that the world of blockchain development seems to have completely forgotten about: DevOps and QA.
DevOps is the concept of managing the environment your code is running in and how you deliver that code to various environments — basically the “everything else” of writing software besides the code itself. This is a completely different skill set than computer programming. In a small startup team, many companies can get away with their lead developer handling many of these tasks, but you would never see that in mature companies — especially a mature company in the finance industry.
QA is the concept of testing that deployed code functionally and making absolutely, positively sure that everything is working as expected — in fact, during the QA process you generally want to try to break things just to see how your system will respond. If you go through the entire QA process and find nothing broken, you probably don’t know what you’re doing. This is also a highly specialized skill. You cannot expect someone who is a great computer programmer to necessarily just “fill in” on the QA side of things and expect that person to be good at it. In fact, I would argue that a programmer cannot test their own code adequately, no matter their skill level. No matter how hard they try to look at a product objectively, the person that actually built that product will subconsciously only be looking at the “happy path”. To find an error in a product you’ve created is emotionally painful. As humans, our brains jump through every hoop we can find to avoid pain. Even if that hoop is subconsciously not clicking on something we know may not completely work. You need QA people testing that aren’t afraid to hurt the developer’s feelings.
In the blockchain industry, we’ve all seen companies that have raised millions of dollars in a matter of hours. Some of them already have established teams of dozens of developers. But how often have you seen any of these teams with even one person dedicated to DevOps and even one person dedicated to QA? I’ll tell you how many times I’ve seen it: zero.
So, these blockchain companies don’t have experts on their teams in managing how their code gets to production environments; they don’t have experts on their teams to even set up those production environments; and they don’t have experts on their teams to thoroughly test these environments once they’re up and running. But what they are doing is…
Managing large amounts of other people’s money.
In the web development world, we’ve slowly but surely starting stealing some of the best parts of the waterfall methodology and integrating them into agile. The realization of the importance of DevOps and QA has exploded in the last ten years. However, all of these web developers jumping into blockchain seem to have completely forgotten all of that progress. And we’ve all seen the results. The Parity “hacks”(maybe links) were a great example. Neither of those were hacks. They were both poorly written code that a good QA person would definitely have found. Somebody from the general public then started poking around and doing something “they weren’t supposed to do.” Guess what? There will always be people doing random shit on your platform that you didn’t intend for them to do. That’s just the way the world is.
The way the industry is shaping up is to crowd source QA to the general public. This method can work for some dumb social media site or something like that. But that’s not what we’re doing in blockchain. The blockchain industry is a part of the finance industry and we need to realize there’s a reason fintech does things the way they do. Every single Dapp, every single project, every single contract is managing people’s hard-earned money. We need to mature as an industry and realize that’s the situation we’re in and stop shooting from the hip with our code deployments and testing. The methodology is out there. It works. It’s worked for decades. Commit to using it.
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