Dubai, October 2024 – BE Blockchain, a leading consultancy and development company specializing in blockchain and Web3, is delighted to announce its strategic partnership with SettleMint – the Blockchain Transformation company. This collaboration aims to accelerate blockchain innovation and adoption within enterprises by combining BE Blockchain’s consulting expertise with SettleMint’s Blockchain Transformation Platform (BTP) and experience.
Visitors can explore this innovative partnership at GITEX 2024 at the Belgian Pavilion (AWEX), Stand H1-B40.3.
Accelerating Enterprise Blockchain Adoption
Building on a successful initial collaboration on the Walloon blockchain demonstrator project—supported by the DigitalWallonia4Trust program under the Wallonia Recovery Plan—BE Blockchain and SettleMint are working together to tackle the challenges of integrating blockchain technology into enterprise operations. Together, they offer a complete end-to-end solution, spanning from business consulting to seamless blockchain deployment.
Overcoming the Challenges of Technological Integration
Integrating advanced technologies like blockchain can be challenging without the necessary skills or the right partner According to a PwC report, 69% of managers believe their technology investments often fall short of expectations. This partnership between BE Blockchain and SettleMint is designed to overcome such hurdles by offering a comprehensive range of services, including business needs analysis, design, development, and blockchain deployment.
Key Benefits of the Partnership
This collaboration is particularly valuable for private consortium projects in sectors such as logistics, notarization, and ESG reporting. SettleMint’s platform simplifies the creation and management of private blockchain networks, making it easier for companies to join, maintain, and update these systems. This streamlined approach accelerates the transition from Proof of Concept (PoC) to production, reducing time-to-market and mitigating risks.
Targeted Sectors and Use Cases
- Supply Chain: Blockchain enhances transparency and trust in supply chain operations by securing data exchanges. According to PwC, over 62% of companies in this sector are investing in technologies such as blockchain to improve operations.
- Digital Product Passport (DPP): Set to start in 2026, the DPP initiative will enhance product sustainability by securing data on lifecycle information. Blockchain ensures transparency and compliance with regulatory standards.
- ESG Reporting: Blockchain ensures traceable and verifiable ESG data, facilitating regulatory compliance and strengthening stakeholder confidence.
- Banking & Fintech: Blockchain automates secure transactions, potentially generating up to $4 billion in annual savings for banks (McKinsey).
- Tokenization: The technology enables new investment opportunities by tokenizing assets like shares and real estate.
- Energy: Blockchain facilitates secure energy transactions and supports the tokenization of carbon credits, supporting renewable energy integration and transparency.
- Insurance: Blockchain reduces fraud and operational costs in the insurance industry, streamlining claims processing.
A New Era for Enterprise Blockchain
The partnership between BE Blockchain and SettleMint marks a significant step forward in enterprise blockchain adoption. By combining their expertise, the two companies are delivering tailored solutions that address the unique challenges enterprises face in integrating blockchain into their operations.
Interested in deploying a private blockchain project in sectors like supply chain, banking, or Digital Product Passports? Contact BE Blockchain today to explore how our tailored solutions can enhance transparency, compliance, and operational efficiency in your industry.
