There are hundreds of use cases where blockchain can improve efficiency, reduce costs, save time, and introduce more credibility. But blockchain is also a new technology and taking advantage of these features requires developing new practices, procedures, and infrastructures.
Our mission is to make blockchain adoption as easy as possible. With our Active Sandbox offering, CoreLedger provides a safe, affordable, and realistic environment for businesses to test and optimize their blockchain use cases using our full suite of whitelabel products (WLM, WLA, and WLP).
Why is this useful? Well, one reason is that adapting your current business to blockchain isn’t exactly cut and paste. There are kinks to be worked out that can be expensive and problematic on a productive blockchain. A proof-of-concept might also be needed to get a stakeholder to buy-into your company or to attract investors for early stage projects. Getting investors to buy-in is much easier with a real product that can be demonstrated live, instead of using the same old powerpoint presentations as everyone else.
Our Active Sandbox is a powerful, dynamic blockchain environment, not just a simulation. For a simulation you could use a simple client-server system. But that wouldn’t give show you the pros and cons of your business idea on blockchain or allow you to fine tune a better blockchain solution. In the Active Sandbox you are interacting anonymously with other parties, at zero transaction cost, and with the full experience of a blockchain environment. This is the most powerful feature of our Active Sandbox, and unique in the industry— it lets you try out the full functionality of an integrated blockchain environment.
There’s also no need to for regulatory pre-approval, which is itself a cumbersome, expensive, and time-consuming process. Because this is a non-productive environment you can start showcasing and testing your ideas right away, before obtaining approval.
So, what you can do with the TEOS suite in Active Sandbox mode?
You can try out all your business ideas in a non-productive integrated environment without any pre-requirements whatsoever.
1) Create and administrate any kind of digital asset, ranging from asset backed tokens (e.g. digital gold) to commodities (water, food, energy) to IP rights, equity, and even documents.
2) Document digital assets in any language. Timestamp and proof this documentation on blockchain just like a notarization process.
3) Tokenize and fractionalize.
4) Distribute tokens to any stakeholder.
5) Create simple rules for token governance to e.g. comply with a shareholder agreement or with AML regulations.
6) Buy and sell your tokens on a decentralized marketplace.
7) Showcase selling tokens against fiat currencies (USD, CHF, EUR, etc…) or Crypto (Bitcoin)
8) Create a webshop for tokens.
9) Showcase the redemption of tokens in exchange for real assets or simulate a buy-back of tokens against fiat currency or Crypto.
10) Have your own wallet, which can be used for point-of-sale purposes and allows you to buy and sell tokens through a decentralized marketplace.
11) Have your own web-portal, which can be used to buy and sell tokens to and from customers and to perform KYC and AML checks.
The suite is fully whitelabeled and will be adapted to your Corporate Design by our team before handover. You can customize and configure the products to your needs and use it to gain more experience and insight into how blockchain technology works before you invest serious amounts of money for lawyers and a full-fledged productive system.
The package also includes detailed training and instruction on how to use and administrate the suite. You can upgrade the package with a subsequent solution design.
Why Choose a CoreLedger PoC?
- Our Active Sandbox is a safe but realistic environment in which to realize and test your use cases without any of the costs or consequences that come from a productive blockchain.
- Use it to build a proof-of-concept to attract investors by actually showcasing your project live.
- Without the need for regulatory approval, transaction fees, or the risk of costly permanent development mistakes, a Proof-of-concept in our Active Sandbox is significantly cheaper than a ‘real’ productive blockchain and can be set up in a fraction of the time.
Why shouldn’t I just take my project straight to a productive blockchain?
- Our Active Sandbox acts as a safe concept development platform to save you cost and errors in the long run. On productive blockchains, things are permanent, and there is very little flexibility for trial and error. A showcase or proof-of-concept on a TEOS suite in Active Sandbox mode allows you to fine tune your project and showcase it to investors before spending hundreds of thousands of dollars on a ‘live’ environment. Make the errors, make mistakes, try out new ideas with no consequence; then, simply export what works as a final configuration to your productive blockchain of choice.