As Blockchain development has matured, the number of companies seeking to benefit from distributed ledger technology has skyrocketed. The relatively high learning curve required for building anything Blockchain-related has given pause to many would-be business hopefuls, however. With that in mind, we invited Stefan Schmidt, one of the founders of an exciting new Blockchain integration framework called Unibright, to join us for a quick chat on the status of the industry and how the corporate adoption of the Blockchain is being driven forward.
DW: Hello, Stefan. Thanks for making the time. Before we dive into anything too deep, could you share how you first became involved with the Blockchain and the origins of Unibright?
SS: Of course! My first introduction to the Blockchain is likely similar to stories you’ve heard before. Probably even similar to your own experience. I learned about Blockchain technology early on, around mid-2011. It was still fairly unknown to the wider population at the time, but the benefits were immediately clear to me. Reading the Satoshi whitepaper and observing the innovations that were already taking place, I knew that this technology had the potential to completely transform the way in which the world operates.
At the time, I was part of the team behind SPO consulting GmBH; a well-known process consulting organization in Germany. Our team’s background is specifically focused on developing IT systems in the SAP and Microsoft .NET environment. This is a field in which we have operated for 30 years. As you might imagine, the products we build are highly reliant on curated databases, mostly used to keep track of products and services through various stages of development and delivery. Naturally, the rise of Blockchain tech sparked a lot of ideas in regards to how we could improve upon the technology that is in use today. That is how Unibright was born.
DW: So Unibright is essentially a decentralized version of the technology your team has successfully been implementing for years?
SS: Yes and no. Unibright is definitely the result of our years of experience in this field, but our focus with this project is a bit different than our consulting work of the past. Unibright is a business integration framework that will allow companies to make the Blockchain a part of their corporate infrastructure, without requiring any expertise in the underlying technology. We’re giving companies a way to integrate this amazing new technology into their existing systems by themselves and without any significant downtime.
DW: That is pretty incredible. As we all know, learning to perform even simple functions via the Blockchain can be a daunting task. How is the simplicity aspect of the platform being accomplished?
SS: It is extraordinarily easy to use, which is something we’re very proud of. For most companies, the brunt of the work will already be done for them, and will be as simple as choosing a template that fits their workflow. These templates are all visually based, so if you can drag and drop a file, you can use Unibright to build a workflow that matches your business needs. Unibright then generates all necessary smart contract code for the company, connects the new workflow into their existing ERP systems using our smart adapters, and gives them a customizable dashboard where they can view all of the transactions made within their upgraded system.
DW: Let’s talk a bit about the state of the industry. This may be self-explanatory at this point, but what would you say are the biggest problems that the Blockchain space needs to overcome in order to drive global business adoption?
SS: The number one hurdle we need to surpass in order for Blockchain technology to be adopted globally is accessibility. Specifically, the accessibility and ease of integration with existing database-reliant frameworks. At the moment, you need to be an expert in about 5 different fields in order to effectively build a working, reliable, and secure Blockchain-based ecosystem.
You need to be an engineer, a resource planning specialist, you need to have at least a baseline understanding of modern cryptography, and on top of all of that, you also have to understand both the current state and future possibilities of this nascent technology. While that sounds great to those of us who have been working in this community for the better part of a decade, it isn’t an exciting prospect for the uninitiated. Even companies who have the time and money to spare on efficiency upgrades are weary to put effort into integrating a technology whose benefits may only be partially understood.
That’s the problem we’re tackling with Unibright. We’re giving companies a way to immediately see and experience all the ways that the Blockchain can benefit them and their customers, and they don’t need to hire any specialists or create a new development team to do it.
DW: That sounds very compelling. What business segments are you envisioning as prime candidates for Blockchain integration?
SS: It isn’t a stretch to say that the Blockchain could improve the efficiency, transparency, and security of nearly every modern business. We’re talking every industry on a global scale. If your company ships products direct to consumers, or tracks the development of new projects internally, or manages large groups of people throughout a variety of locations, or aggregates customer driven lifecycle data, such as maintenance and product repair – The Blockchain is going to make your life a lot easier.
DW: Final question: What can we expect from Unibright in 2018?
SS: We have a lot of exciting news to announce in the coming weeks. As many of you are aware, we will be hosting a token generation event for our platform on April 20, 2018. For news about our progress and launch schedule, we invite everyone to follow us on social media and subscribe to our newsletter at Unibright.io.Opinions expressed here by Contributors are their own.