Blockchain Integration

Over the years, businesses and their systems are have gotten more integrated, leading to industry-specific trustless networks, and blockchain technology is the base of this new paradigm shift in approach to enterprise integration.

"Gartner stated that blockchain technology will create more than $176 billion dollars worth of business value by 2025 and $3.1 trillion by 2030."

Large to mid-size businesses typically have a large number of applications running in separate silos that need to constantly share data and functionality in order to operate in a unified and consistent way. The process of linking such applications within a single organization, to enable sharing of data and business processes, is called enterprise application integration (EAI).Similar to this, enterprises also need to share data and functionality in a controlled way among themselves. They need to integrate and automate the key business processes that extend outside the walls of the organizations. The latter is an extension of EAI and achieved by exchanging structured messages using agreed upon message standards referred to as business-to-business (B2B) integration.

Fundamentally, both terms refer to the process of integrating data and functionality that spans across multiple systems and sometimes parties. The systems and business processes in these organizations are evolving, and so is the technology enabling B2B unification.

Enterprise integration has multiple nuances. Integration challenges within an organization, where all systems are controlled by one entity and participants have some degree of trust to each other, are mostly addressed by modern ESBs, BPMs and microservices architectures. But considering the topic of multi-party B2B integration, there are additional challenges. These systems are controlled by different organizations, have no visibility of the business processes and do not trust each other. In these scenarios, it can be see that organizations wil be experimenting with a new breed of blockchain-based technology that relies not only on sharing of the protocols and contracts but sharing of the end-to-end business processes and state.

This type of shared integration infrastructure enables new transparent integration models where the previously private business processes are now jointly owned, agreed, built, maintained and standardized using the open-source collaboration model. This will motivate organizations to share business processes and form networks to benefit further from joint innovation, standardization and deeper integration in general.

The team at Cogniata can help you with building Proof-Of-Concepts for blockchain bases projects as well as enterprise integration of blockchain ecosystems with distributed ledger technology such as Ethereum, IOTA, Hyperledger Fabric, Hyperledger Sawtooth, Quorum and Corda to be deployed on cloud or local infrastructure.