Modern enterprises are plagued with problems related to data privacy, data ownership, limited process visibility across value chains, and an inordinate number of intermediaries making the business processes extremely complex and non-agile.
Camelot Hypertrust Platform provides trustless and risk-free mechanisms for private and secure data management, reduced need for intermediaries, increased process visibility and more integration possibilities with the existing enterprise systems. Camelot Hypertrust Platform builds on the Ethereum platform, and offers flexible and tightly integrated services through its secure and reliable middleware. The distributed apps, that provide concise and responsive user interaction, are developed using modern web technologies and user-centered design principles.
Enterprise-Focus Permissioned Network
Camelot Hypertrust Platform is an enterprise-ready permissioned blockchain network based on the technology of your choice.
Blockchain networks, given their public nature, inherently do not have provisions for data privacy. Camelot Hypertrust Platform employs several encryption and other mechanisms to securely and effectively handle data privacy across the network.
Data Exchange and Storage
Scalability could be a major issue with traditional blockchain networks given the volume of data that an enterprise must handle. Camelot Hypertrust Platform provides several mechanisms for data exchange that takes place independent of the network but is based on the trust established via the network.
Value Chain Excellence
Though Camelot Hypertrust Platform includes distributed apps for high-value use cases across the entire value chain, it prioritizes those for industries with special focus on supply chain management, master data management, logistics and transport.
Blockchain is a distributed, database technology that allows transfer of value and information among the participants in a secure, trusted manner and in a way that ensures integrity of transactions through a consensus mechanism.
Blockchain networks are distributed by design. In other words, there are no central servers that serve the transaction requests or central databases that hold the information related to these transactions, but this information is shared across different nodes participating in the network. This means significantly reduced risk of a single point of failure or denial of service attacks.
Blockchain networks are trustless, too. What does that mean? It implies that there is no need to trust an intermediary or a third party to be sure that the transactions are being performed with utmost accuracy and precision. In other words, with the use of blockchain network, trust can simply be taken for granted!
As the blocks are connected and the complete chain is shared within the network, transactions are secure from being manipulated. Additionally, using encryption, blockchain provides a multi-layer security to assure information validity. This creates a tamper-proof history of transactions within the chain, enabling transparency in the shared information.
A smart contract is a codified form of a traditional contract or an agreement. It does not only define the rules in the same way as a traditional contract does, but also automatically enforces those obligations. It thus helps exchange anything of value in a transparent, conflict-free way, while avoiding the services of a middleman.
Private and Permissioned Networks
Blockchain networks are often implicitly considered to be public. However, enterprises that are not very keen on making their transactions publicly open, can opt for private or permissioned networks. Private networks are ideal for organizations that want to establish trust within its several, competing departments and/or employees, while permissioned networks are suitable for collaboration between distinct but previously identified organizations.
Increased Efficiency and Low TCOs
Need for less oversight, reduced number of intermediaries and reduced data redundancy increase the efficiency of the processes being exhibited in the blockchain network and lower the total cost of operations.
Increased Visibility and Transparency
The distributed and public nature of the blockchain allows for increased transparency and provenance of the information being circulated through the entire network.
Improved Collaboration and Leaner Processes
Blockchain enables a more secure, improved and simplified communication between different players in the business network. Thus, it reduces data redundancy, smooths information flow, minimizes the intermediaries in the network and leads to much leaner processes.
Hypertrust Platform Architecture
You'll benefit from
Increased Data Privacy
Data privacy is emerging as one of the most important criteria for user interactions with enterprise software solutions. A blockchain, being inherently public in nature, requires strategies that carefully position privacy into the network.
Camelot Hypertrust Platform offers carefully designed strategies that are tailor-made based on the characteristics of the use case.
Integration with SAP Systems
Enterprises are beset with the problems that arise due to data silos.
Camelot Hypertrust Platform allows for seamless integration with on-premise and cloud based SAP systems. It thus provides secure, out-of-the-box and reliable data transfer between the network and SAP systems.
Improved Data Ownership and Secure Data Exchange
Many enterprises are plagued by the problems such as lack of accountability that arise out of poor data governance in the organization.
Camelot Hypertrust Platform offers solutions based on smart contracts which allows individuals to retain complete ownership of their data. It further provides mechanisms for data exchange that is faster, cheaper, secure and much more reliable.
Intuitive User Interface
Camelot Hypertrust Platform hosts user-centric decentralized apps that are developed with latest Web 2.0 technologies using SAPUI5 and following SAP Fiori Design guidelines for a rich user experience.
Track and Trace
For companies that specialize in supply chain, logistics and transport, and for industries such as pharmaceuticals, chemicals and consumer goods, effective tracking and tracing of the physical assets form a crucial part of value chain management.
Hypertrust Platform offers solutions that bring various advantages of blockchain technology for a more robust and reliable track and trace mechanism. It helps to
- improve visibility of assets in the supply chain
- gain consumer trust by providing provenance for production, manufacturing and shipment of the products
- fight malicious activities such as counterfeit and theft
Hypertrust Platform integrates the native capabilities of mobile devices, SAP IoT services and Hypertrust Middleware to
- read the barcode information using scanners in the smartphone devices
- combine the information with the operator’s geo-spatial information
- establish trust with mobile devices and digitally identify them before they send the information across the network
- write the information to the blockchain network that is immutable
- allow tracing of information to authorized users with only user-specific information
Data Ownership in Healthcare
In today’s highly data-driven economy, which is largely benefited by the advances in big data analytics, machine learning and other data technologies, individuals, who are the most important data sources, lack ownership of their own data.
Hypertrust Platform provides whole new dimensions to the ownership of data by offering users with absolute control over
- how the data is being used,
- what purposes it is used for,
- who shall access it and how long it shall be accessible.
Hypertrust uses smart contracts, encryption methods, and data exchange mechanisms to allow the data owners to manage their data:
- data owners send encrypted data to smart contracts in the network
- data owners manage subscribers to their data in the subscription manager deployed in the network
- handshake such as approving, rejecting or extending subscription is carried out using the subscription manager
- sharing of encryption keys to the authorized subscribers is done over subscription manager
- only authorized data subscribers can decrypt and fetch the data on the smart contract
Are you overwhelmed with the technology jargon surrounding the blockchain ecosystem? We offer executive briefing workshops for interested companies who want to understand what blockchain means for their enterprises, understand its disruptive impact, possible application scenarios of the technology and much more.
We host private or permissioned blockchain networks for development and productive use cases within your organization on demand and on premise. For the on-demand services, choose from our catalog of distributed apps for some of the industry’s high-value use cases. Alternatively, we guide you through an on-premise setup that is privy to and customized for your organization.
We offer end-to-end implementation of blockchain solutions tailored to your specific needs from strategy analysis, use case selection, to rolling out into your own private network. In case you have a specific use case, we design and develop distributed apps with the help of our UX designers and developers.
Interested? Get in touch with our experts!
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