The digital landscape is changing rapidly and the impact of blockchain, web3 and the digital economy is becoming increasingly apparent. We at the ATEM Group are excited to be a part of this shift and are focused on incubating novel ideas and helping our clients maximize the impact of their technology investments. In this writing, we will delve into the latest developments in the digital economy and explore how verifiable data and web3 technology are changing the game.
If the last era was big data, the next era is verifiable data. This is where web3 comes in. Over the past several years, we have seen the increased adoption of open-source, distributed ledger technologies (DLTs) and with the rise of web3, these technologies are being leveraged by a variety of industries for multiple applications. From financial services to logistics organizations, to airlines, media and telecommunications companies, to manufacturers and public sector organizations, DLTs are impacting and often redesigning traditional business methods.
Web3 technology is transforming organizations into AI enterprises through the development and integration of conversational AL, NLP, and predictive analytics into their business workflow. Our advisory ecosystem of business-focused data specialists are helping companies along this evolution, by guiding clients through various digital transformation initiatives and delivering creative, high-value analytics. Our focus is on open-source methods and languages such as Python, which in-turn provide freely usable and distributable solutions to our clients.
Of particular importance, ISO20022 is rolling out in 2023 and is shaking up cross-industry regulatory and compliance frameworks. This extends far beyond just payment transactions; think data, content, metadata and communications protocols.
DLT based, open-source infrastructures are primed to be the underpinning of not only web3, but also come with the ability to connect blockchains and legacy systems. From our purview, we see blockchain disrupting the way items like deeds, permits, contracts and documentation are managed with the adoption of non-fungible-tokens, aka NFTs, and we are putting this to task.
A real-world example is a client facilitating cross-border payments and paperwork. This entire process can now be integrated into the blockchain ledger via “smart contracts” so that enterprises and governments can issue documentation instantly, securely and cost effectively.
In short, NFTs are a unique and non-interchangeable unit of data stored on the blockchain. They can be associated with a reproducible digital file (photos, videos, documents, etc.) and use a digital ledger to provide a certificate of authenticity. This “proof of ownership” does not restrict the sharing or copying of the underlying digital file, which distinguishes NFTs from blockchain crypto currencies such as Bitcoin due to the lack of interchangeability.
Our team’s expertise combined with the ever-growing amount of use cases that leverage tokenization and non-fungible-tokens, the ATEM Group is uniquely positioned to provide maximum value to our clients in this new frontier of information. Thus, ATEM has been born and is focused on guiding clients in how to best capitalize on this new era of technology.
Our areas of focus:
-Process Management & Automation
-Payment Networks
-Integrations & Key Infrastructures
-P2P Capabilities
-B2B Capabilities
-Product Development
-Efficiency Improvement
-Security & Compliance
-ML & AI
-Advisory & Consulting
-Incubation (ATEM Labs)
In 2023, you can expect explosive growth in web3, including the rise of digital assets, and the real world utility of NFTs to become increasingly mainstream, regulators to become more involved, and interoperability led by multi-chain strategies to play a large role in broader adoption.
At the ATEM Group, we are experts in disruptive technologies and are ready to provide valuable insights on how to best apply, integrate and benefit from these DLT networks.
If you want to learn more, feel free to reach out to us directly at info@atemlabs.us