How CoreLedger Supported Otto Harrandt in Exploring New Revenue Streams Through Digitalization

The Challenge: Adapting to a Changing Market

Otto Harrandt, a hidden champion among German SMEs, specializes in automated quality testing and measurement for complex industrial components. Despite their technological expertise in IoT, AI, and machine learning, they faced significant challenges:

• Market Penetration Limits: Their traditional services have reached market saturation.
• Cost Pressures: Competition from Asian manufacturers made it difficult to maintain differentiation.
• Need for Digital Innovation: To sustain growth, they needed a business model transformation leveraging emerging technologies.

Harrandt recognized that, as an SME, they have a key advantage over corporations—the ability to move quickly, adopt new technologies, and seize emerging opportunities with agility.

Why CoreLedger? Bridging the Blockchain Knowledge Gap

Harrandt had initial ideas about blockchain’s potential but lacked the expertise to implement them. Building an in-house blockchain team was costly and time-consuming.

CoreLedger provided:

• Blockchain Expertise for Industrial Applications – Deep understanding of how blockchain can enhance manufacturing processes.
• End-to-End Guidance – From ideation to execution, ensuring a viable business case.
• Cost & Time Efficiency – Avoiding expensive trial-and-error approaches with structured consulting.

The Solution: A Structured Path to Blockchain-Powered Digitization

Through CoreLedger’s Blockchain Expert Service, Harrandt underwent a structured approach:

1. Assessment & Ideation

• CoreLedger analyzed Harrandt’s core competencies and identified blockchain use cases.
• Focus areas: real-time manufacturing optimization, product certification, and crossindustry scalability.

2. Business Case Development

A new blockchain-based value proposition was designed, enhancing: o Reaction Time Optimization – Faster data-driven adjustments in manufacturing. o Product Quality Certification – Immutable, verifiable quality records for B2B clients. o Industry Expansion – Adapting the model for other sectors.

3. MVP Roadmap & Implementation Plan

• CoreLedger provided a clear time, cost, and revenue projection for the new model.
• Harrandt is ready to move to MVP development, transitioning its core competency into the digital age.

What’s Achieved So Far

• A clear digital roadmap backed by blockchain potential.
• Validated use cases that align with business goals.
• A ready-to-build MVP plan, reducing risk and enabling future funding or internal development.

Next Step

Software Development Phase – With the strategy in place, Harrandt is now exploring the best path forward to build and launch the MVP solution.

Conclusion: From Traditional SME to Digital Innovator

With CoreLedger’s support, Otto Harrandt has successfully completed the crucial first phase of its digital transformation journey—turning ideas into a validated, executable plan. Though the blockchain-powered software is not yet developed, the company now holds a blueprint to unlock new value streams and future-proof its operations.