At CryptoLocalATM, we develop, maintain and evaluate blockchain and cryptocurrency related products and web services and provide long-term assistance and advice on related technological and operational matters for our partners worldwide. You’ll find the full spectrum of blockchain technology in one company, as our teams operate in multiple disciplines. This includes low level kernel optimization in hardware near mining operation and data centre build outs. We also actively develop financial trading frameworks and web services operating on top of the blockchain, whilst creating beautiful and intuitive UI/UX.
We offer advice on the strategic employment of blockchain technology based on a thorough analysis of your company’s profile whilst drafting along your ideas of development. We will assess the potential of blockchain technology in your company and discuss possibilities of optimization.
We provide you with the programming of scalable and distributed applications and custom-built protocols. Additionally, we support you throughout the entire process of integration and adaptation of blockchain technology into your already existing company network.
We offer in-house and external training and teaching seminars, workshops, talks, as well as instructive materials on the blockchain technology and related fields of application, which will provide you with in-depth knowledge of the intricate blockchain ecosystem and all its facets.
We provide unique access to the results of our cutting-edge research in the fields of cryptocurrency and distributed ledger technology carried out by our own experts. It is important to us to share our results and findings at conferences and in form of publications.
Sending, receiving and the verification of funds on an international level is usually time and cost consuming. Post-trade processing must be executed quickly as capital markets are volatile, and handled in a secure and effective way. Decentralized blockchain-based payment processors allow instant financial transactions, as they do not depend on third party correspondents and operate directly between the contractual parties. They also make the transaction safer due to a cryptographically secure end-to-end payment flow and a peer-to-peer verification network. Additionally, smart contracts can replace usually cost-intensive customer reward programmes, such as gift cards, ticketing and voucher prepaid channels. These can be facilitated via blockchain-based processors in a cheaper, quicker and more flexible way.
Content Distribution & Intellectual Property
Digital media content distribution usually requires third party distributors between the original author and the final consumer. Blockchain technology allows the author to exert direct control over the distribution and monetization of his works via a blockchain-based processors, which calculate and automatise royalty payments and licensing. Data security is provided by blockchain-based notarization and patent management platforms, which ensure a long-lasting attribution and provenance verification of intellectual property.
Smart Systems & Data Storage
Rather than relying on one central cloud server to identify and connect with every single device, blockchain technology can provide secure mesh networks, in which various devices will interconnect in a reliable way while avoiding threats such as device spoofing and impersonation. Blockchain-powered services can be used to establish immutable evidence chains useful not only for supply chain management, but also for the identification of individuals and individual assets. In this case, encrypted public ledgers serve as data storage for registries of personal data, such as medical documentation, marriage and education certificates, and create a digital thumbprint of them. In this case, valuable assets or data are immutable and authenticity is verified and transparency ensured.
Operation of Decentralised Grids
Decentralized energy grids allow excess energy to be distributed directly from one energy asset owner to the end consumer in a P2P trading system or fed into an already existing electricity distribution network. Neighbourhood solutions in form of local community grids are also based on a transparent and cryptographically secure blockchain platform, which can disconnect from the larger electric grid during extreme weather conditions or other emergencies. The coordination of renewable installations via blockchain-based systems further automatises internal operational processes, market trading and clearing mechanisms.
Remittances & Smart Contracts
Not only can insurance companies profit from quicker payment processing, but they can also benefit from blockchain-based smart contracts. These make payments conditional, automatize and streamline them and thus make the process more transparent and irrefutable in effect. As a rule, a payment is only executed in case the pre-approved requirements or conditions are met. This can be applied to automated testing and payout calculation of claim and premium processing and the calculation and processing of micro-insurances. Instances of fraud are easier to detect as the blockchain would reject multiple claims allocated to the same insurance case.
Modern supply cycles have become increasingly hard to manage due to being highly fragmented, individualized and geographically dispersed. A blockchain application enhances visibility and transparency in the supply chain, as it allows the registration of each transfer on the ledger as transaction. Each transaction identifies the operator and party involved and provides additional relevant information, such as price, date, location, quality and state of the product. Once logged onto the blockchain, the data is immutable and as such prevents fraud and tampering with the information by any unauthorized party.