Case Studies
SecurED: Revolutionizing School Management with Blockchain Technology
SecurED is at the forefront of educational innovation with its pioneering School Management Information System (SMIS) that leverages cutting-edge blockchain technology. This platform offers a comprehensive solution for managing student data, emphasizing data security, ownership, and control.
SecurED was born out of a need to address significant gaps in managing student information. With a clear vision to enhance data security and streamline school management processes, the team embarked on a journey to bring their innovative idea to life.
Challenges on the Path to Innovation
Despite their strong vision, the founding team encountered substantial challenges. The primary hurdle was identifying the most effective progression for their project, given their incomplete funding. They needed to refine their concept, prioritize essential features, and strategize which elements could be deferred, all while effectively managing development costs.
Seeking Solutions and Early Efforts
Before approaching CoreLedger, the founders had already laid a strong foundation. They had thoroughly documented their concept, engaged in discussions with numerous potential customers, and reached a crucial juncture where they were ready to operationalize their idea.
Choosing CoreLedger: A Strategic Decision
As a reputable blockchain software development company, our network recommended us to them, and it quickly became evident why. We believe in SecurED’s vision and have the expertise to make it a reality. By understanding their project fully, we provided clear, actionable steps to achieve its goals, ensuring that the founders felt supported and understood.
CoreLedger’s Role and Contributions
We comprehensively analyzed SecurED’s concept from a technological standpoint, resulting in a detailed “Solution Sketch.” This document included estimates for development and maintenance costs and timelines, providing a clear roadmap for the project’s execution. CoreLedger also outlined specific next steps tailored to SecurED’s unique needs, facilitating a structured approach to their development process.
Tangible and Intangible Results
The partnership yielded significant results for SecurED. They received an elaborate conceptual framework detailing the phased execution of their project. We also facilitated strategic alliances with other ventures within their network, accelerating SecurED’s progress.
Standard Brick GmbH: Transforming Real Estate Investment with Blockchain
Standard Brick GmbH is pioneering the future of real estate investment through its innovative platform, Terys. By enabling investments starting from just 500 CHF, Terys is democratizing access to the traditional real estate market. The platform allows investors to buy tokens representing a share in real estate investments, making real estate ownership more accessible and secure.
Overcoming Challenges with CoreLedger
Standard Brick approached us with a well-defined goal: revolutionizing real estate investing through blockchain technology. However, they faced significant challenges:
- Technical Expertise: they needed a partner to manage the technical complexities, allowing him to focus on business development.
- Administrative Overload: Managing all aspects of launching a blockchain-based platform was overwhelming.
- Convincing Stakeholders: Without a ready product, they struggled to answer detailed technical questions from potential property partners, hindering their ability to secure involvement.
Initial Struggles and Attempts
They pitched this idea to potential partners and engaged in cold calling, but convincing partners proved difficult without a tangible product to showcase. They lacked the detailed technical information necessary to demonstrate how the platform would function, making it challenging to gain their trust and commitment.
Choosing CoreLedger
Standard Brick GmbH chose us because of its partnership-like approach and high involvement in the project. Given the instant communication from our team, they felt confident they chose the right blockchain software partner.
Our existing technical infrastructure allowed them to deploy his branded applications in a test environment within weeks, giving him a clear vision of the final solution.
Implementing CoreLedger’s Solutions
Standard Brick GmbH began using Active Sandbox, a non-productive environment where he could immediately showcase his business idea to potential partners and investors. This early access allowed him to demonstrate the viability of his platform and secure the necessary partnerships with property owners.
Once partnerships were secured, Standard Bricks transitioned to a productive environment with minor modifications. They now use the White Label Management Tool, the White Label Portal, and the White Label App to manage and operate their platform effectively.
Achieving Results
With our support, the team received comprehensive technical assistance, high-level advice on technology selection, and detailed project management to ensure all requirements were met.
- Within weeks of signing with CoreLedger, Standard Bricks GmbH launched their own branded applications, enabling them to pitch the product effectively.
- The applications included a token issuing platform for administrators, a web application for customers to buy and redeem tokens, and a mobile app for investors to store tokens.
- These tools helped the project team secure necessary partners and transition to a productive web application and mobile app, available on Google Play and the App Store.
- Offering token cards and custom-designed paper wallets in credit card format, which provides an innovative alternative token storage option and enhances user experience.
Through this partnership, Standard Brick GmbH successfully launched Terys, breaking down barriers to real estate investment. By leveraging blockchain technology, they offer secure, scalable, and accessible investment opportunities, transforming how real estate investment is approached in the modern era.
SWIC Digital: Transforming Global Finance with Blockchain: The SWIC and CoreLedger Success Story
SWIC stands at the forefront of transforming the global financial landscape by transcending the inefficiencies ingrained in today’s financial operational systems. Dedicated to driving global financial inclusion and resilience, SWIC utilizes an all-inclusive tokenization engine to revolutionize asset management and investment processes.
Spearheading the Initiative
SWIC planned to integrate blockchain technology into the operations of an asset management firm. This initiative aimed to seize new opportunities and advance toward digitization, but they faced significant challenges:
- Cost Constraints: The new initiative needed to proceed without incurring substantial costs.
- Tangible Progress: Translate the business idea into a tangible plan and demonstrate progress.
- Technical Execution: A technology partner was required to execute the final project and address technical queries from stakeholders, providing a clear roadmap for software development.
Initial Solutions and Experiences
After a thorough evaluation, we advised them to use Active Sandbox, a non-productive environment, to help projects showcase the business idea tangibly to stakeholders. This enabled them to develop branded applications rapidly in a non-production environment. Their primary focus was creating a mobile app for buying and selling tokenized assets. With this app, SWIC could promptly showcase the idea and visually represent the final product.
Choosing CoreLedger: A Strategic Decision
During the actual development phase, SWIC contacted several service providers to get a good overview. Most offers came with a timeframe of more than six months of development. However, we understand their needs and have the necessary ready-built tools. Thanks to all the existing technical components developed in-house, we delivered the first product version within five weeks.
Implementation Process
SWIC embarked on its journey with CoreLedger’s Active Sandbox, utilizing the White Label Management Tool, White Label Portal, and White Label App. Initially branded for SWIC, these applications enabled successful showcasing and navigated through the Proof of Concept (POC) phase.
Following the PoC, customized development for a production-ready solution began. The TEOS Platform provided a robust infrastructure with ready-to-go blockchain integration. Using the White Label App as a blueprint, SWIC saved significant development costs and time.
The development process was streamlined with the TEOS platform components. It focused primarily on backend and frontend development for the mobile app while leveraging existing blockchain functionalities.
Results Achieved
SWIC received extensive technical support from us, beginning with guidance on achieving the vision from a technical perspective. We also introduced SWIC to various partners within its network, which is essential for project success.
Tangible Results:
- Rapid Development: SWIC had its own branded applications within weeks, enabling immediate product pitching. These applications included a token issuing platform for administrators, a web application for customers to purchase and redeem tokens, and a mobile app for investors to manage their tokens.
- Operational Solution: CoreLedger provided all blockchain-related technology, including access to platform components, code access to the White Label App template, and necessary development environments. Custom development of a blockchain tool was also provided to automate transactions on the blockchain.
Intangible Results:
- Enhanced Credibility: The ability to present a working product enhanced SWIC’s credibility with potential partners and investors.
- Strategic Guidance: Our strategic guidance and technical support allowed SWIC to focus on business development and growth.
- Innovative Solutions: By offering comprehensive blockchain solutions, SWIC can concentrate on creating value through its tokenization engine, driving global financial inclusion and resilience.
Through the partnership, SWIC successfully launched its tokenization engine, breaking down barriers in the financial industry and setting new standards for efficiency, security, and accessibility in asset management and investment.
Digital Transformation of Finemetal AG with CoreLedger
Founded in Zurich in 2009, Finemetal AG is an owner-managed company specializing in the trade of physical precious metals, including gold, silver, platinum, and palladium. With a strong reputation for expertise in precious metals management and adherence to the LBMA standard, Finemetal AG enables investors to purchase small units of physical precious metals close to their material value. The company’s offerings are accepted by commercial banks globally, ensuring liquidity and round-the-clock tradeability.
The Challenge
Despite 15 years of success in the precious metals industry, Finemetal AG recognized the need to innovate and digitize their business model to capitalize on new opportunities. However, the path to digital transformation posed several challenges. As a traditional business, Finemetal faced difficulties in preparing and validating a business case for digital transformation, particularly in establishing new revenue streams.
Furthermore, Finemetal did not want to issue just another token, which might leave investors uncertain about its tangible backing. Their goal was to ensure that investors would be real owners of the gold they purchased, with the option to have their gold physically shipped. This introduced regulatory complexities that needed careful navigation.
The Search for the Right Solution
Finemetal AG faced a significant challenge in finding a partner who not only had a deep understanding of blockchain technology but also understood the needs of a traditional, non-technical business. Previous attempts to find the right partner left them unsatisfied, as many lacked the ability to bridge the gap between technology and traditional business operations.
Why CoreLedger?
Finemetal AG chose CoreLedger because of our partnership-oriented approach. It was clear from the outset that we were committed to their success, not just selling a product. Our shared vision of challenging the status quo and driving digital transformation aligned perfectly with their goals.
CoreLedger’s Solution
To kickstart the project, CoreLedger conducted several sessions with Finemetal AG to thoroughly understand their requirements. We proposed a solution that perfectly matched the technology to their needs, creating a detailed solution sketch and setting up a Proof of Concept (POC) environment to demonstrate the initial software functionality.
Understanding the regulatory complexities, we introduced Finemetal AG to our network of professionals, including experienced lawyers who provided legal clarifications. We translated these legal insights into actionable steps for software development, ensuring compliance throughout the process.
A key aspect of the solution was the introduction of Non-Fungible Assets (NFAs), a new asset class that would provide investors with a real claim to physical gold through digital assets. Additionally, custom software development was undertaken to create a compliant way to trade NFAs.
The Results
Thanks to CoreLedger’s blockchain consulting services and project management, Finemetal AG successfully transformed its business model. They now have a customized web application, a White Label Portal, which serves as an OTC marketplace for selling and redeeming gold.
To cater to digitally-savvy investors, a mobile app was developed that acts as a wallet for storing and redeeming tokens. For less digitally native investors, Finemetal introduced the Token Card—a paper wallet with a custom design in a credit card format.
On the administrative side, Finemetal AG uses the White Label Management tool along with a specialized tool for managing NFAs. These tools have streamlined operations and provided a robust platform for growth.
Conclusion
Through its partnership with CoreLedger, Finemetal AG successfully navigated the complexities of digital transformation, creating a cutting-edge solution that meets the needs of modern investors while staying true to its core values. The company is now well-positioned to lead in the digitization of precious metals trading, with innovative products that set a new standard in the industry.
AROMO Coffee’s Journey to Transparency with CoreLedger
AROMO Coffee is a premium coffee brand made from high-quality beans sourced directly from Brazil. The brand, known for its rich heritage and commitment to organic growth, is now making its mark in the U.S. market. AROMO’s emphasis on quality and authenticity is at the core of its identity, and the company sought to bring that same level of transparency to its customers.
The Challenge
As AROMO Coffee prepared to enter the competitive U.S. market, the company wanted to ensure that their customers could trust the origin and quality of the coffee in their hands. AROMO aimed to implement a proof of origin system that would provide detailed information about the coffee, including its origin, the farmer and manufacturer involved, and the specific lot number.
However, ensuring this level of transparency required a solution that was not only effective but also resistant to forgery. The AROMO team knew that blockchain technology could offer the solution they needed, but as a non-technical business, they faced significant challenges. They were unsure where to begin, which technology to choose, and who could implement it in a lean, cost-effective manner.
Previous Attempts
AROMO explored several options in the market to develop a software product that could interact with blockchain technology. However, the solutions they encountered typically had timelines extending beyond six months, which conflicted with their need for a quick and affordable way to validate their business case. The lengthy development times and high costs made it difficult for AROMO to start lean and adapt quickly to market feedback.
Why CoreLedger?
AROMO chose CoreLedger because of the flexibility and efficiency offered by the TEOS platform. CoreLedger’s pre-existing range of modules and white-label products allowed AROMO to quickly assemble a tailored software product that met their specific business needs. The combination of advanced technology and goal-oriented consulting provided AROMO with the confidence that CoreLedger was the right partner to bring their vision to life.
CoreLedger’s Solution
CoreLedger facilitated the development of a certificate solution for AROMO, in collaboration with a partner company, running on the TEOS platform. This solution was designed to store specific product values on the blockchain, ensuring that data about the coffee’s origin, farmer, manufacturer, and lot number was secure and tamper-proof.
The certificate, which was custom-designed to match AROMO’s branding, can be accessed by customers from any device via a QR code printed on the product packaging. This QR code links directly to the blockchain-stored data, providing customers with instant, reliable proof of the coffee’s origin and quality.
The Results
With CoreLedger’s consulting services, AROMO received comprehensive guidance on how to align blockchain technology with their business vision. This included clear time and cost metrics, ensuring that the project remained within budget and on schedule.
The tangible result was a custom-designed blockchain certificate that delivers on AROMO’s promise of transparency. Customers can now easily access verified, forgery-proof information about their coffee, reinforcing AROMO’s commitment to quality and authenticity. This innovation not only enhances customer trust but also strengthens AROMO’s position in the competitive premium coffee market.
Conclusion
By partnering with CoreLedger, AROMO Coffee successfully implemented a cutting-edge solution that aligns with their brand values and meets the demands of their customers. The collaboration has empowered AROMO to enter the U.S. market with confidence, offering a product that stands out not just for its quality, but for the transparency and trust it guarantees to consumers.
Enhancing Banking Auditability and Security with CoreLedger
Rolf and Lisander enrolled in the Certificate of Advanced Studies (CAS) Blockchain Program conducted by the Hochschule Luzern (HSLU) in Switzerland. For their project, they chose a real-world challenge: to meet regulatory requirements for data transparency and immutability within the banking sector. In collaboration with a Swiss bank, they embarked on a Proof of Concept (POC) project to enhance internal data auditability and security using blockchain technology.
The Challenge
The regulator set forth two critical requirements that needed to be fulfilled by banks:
- Data manipulations must be transparently traceable.
- The immutability of data must be ensured.
While the problem was clear, the complexity of the technology presented significant challenges. The Rolf and Lisander recognized that to achieve these regulatory goals, data needed to be stored with timestamps, and any changes to the data had to be tracked in a manner that was unforgeable.
However, numerous questions arose: Which blockchain should be selected? Should data be written directly to the blockchain, or should only the hash be stored? How should transactions be signed? Were there existing tools that could be leveraged, or would they need to build everything from scratch?
These questions underscored the complexity of the project and the necessity of expert guidance to ensure success.
Previous Attempts
Given the intricate nature of blockchain technology, Rolf and Lisander required a clear roadmap from the very beginning. While they had a strong understanding of the problem, the path forward was less clear. They needed to evaluate the available options and determine the best approach to securely build their application. Without expert consultation, the risk of failure was high, and significant time could be lost in trial and error.
Why CoreLedger?
CoreLedger was the natural choice for Rolf and Lisander, as they had direct access to CoreLedger’s expertise through their lectures in the HSLU blockchain CAS program. Beyond academic support, CoreLedger provided critical consulting services, helping Rolf and Lisander navigate the complex technological landscape.
Rolf and Lisander also chose CoreLedger because of its comprehensive suite of tools, including TEOS components that perfectly aligned with the needs of their project. CoreLedger’s experience in blockchain consulting ensured that Rolf and Lisander could move forward with confidence, knowing they were backed by industry-leading knowledge and technology.
CoreLedger’s Solution
CoreLedger began by assisting Rolf and Lisander in answering the fundamental questions that were crucial at the project’s outset. This involved a thorough evaluation of the available options, defining a clear technological path forward, and recommending the appropriate tools to securely build their application.
Rolf and Lisander utilized CoreLedger’s consulting services, the SparkNet blockchain, and white-label tools such as the Notrzr web and mobile app. These tools provided the foundation for their POC, enabling them to build functional applications that could be tested in a real-world environment.
The Results
With the guidance and technology provided by CoreLedger, Rolf and Lisander successfully executed a Proof of Concept in collaboration with a Swiss bank. The POC demonstrated that blockchain technology could significantly enhance internal auditability and security in banking. The applications developed by Rolf and Lisander were functional and live on the blockchain, proving the effectiveness of the solutions they built.
The success of this project not only fulfilled the regulatory requirements but also showcased the potential of blockchain technology to revolutionize internal processes in the banking sector. The Rolf and Lisanders’ POC serves as a compelling example of how innovative thinking and the right technological support can address complex industry challenges.
Conclusion
Through their partnership with CoreLedger, Rolf and Lisanders in the CAS Blockchain program were able to turn a complex regulatory challenge into a successful Proof of Concept. CoreLedger’s expertise and advanced blockchain tools enabled Rolf and Lisanders to deliver a solution that met stringent banking requirements and set the stage for further innovations in the industry.