Blockchain Automation

Are you dealing with too many third parties where trust and reliability are as big concerns as process and workflow efficiencies?

If yes, then Blockchain Automation is the solution that brings the best in smart contracts and combines it with workflow automation to deliver trustworthy efficiencies. Vailexa is a leading solutions provider and consultancy services player in Blockchain Automation. Our solutions are serving hundreds of smart contracts through complex automated workflow pipelines.

with Vailexa’s Blockchain Automation solutions, you get the best of security and efficiency. We are experts in automating processes that use and update blockchain records. Our automation solutions integrate smart contracts and fully integrate them with existing business processes.

Some examples where we created unique business propositions are:

In financial services, customers can self-register for opening a bank or trading account and sign all the documents digitally.

In healthcare services, the medical records of a patient may get transferred from the document depository to the healthcare provider and the insurer. The updated records would become a part of an updated block in the same blockchain.

In supply chain management the e-way bills, goods invoices, and customs certificates may be automatically generated and accessed by personnel at national and international checkpoints.

Creators can signup on any platform of their choice and create digital assets for the world to consume, while they get paid for it.

International remittances can be made and verified by anyone, instantly, without the cumbersome and time-consuming process of settlements and memos.

Automatic emailer for recurring transactions like credit card and utility bills, first as a reminder and then as a transaction statement.

Benefits of Blockchain Automation

Blockchain-powered smart contracts eliminate middlemen for enforcing contracts, verifying transactions, or performing background checks. A smart contract invariably is an integral part of a larger and more complex business process. This makes them a good candidate for automation.

For the benefit of our client and their users, we at Vailexa have developed process maps. These process maps visualize the proposed workflow using smart contracts – both for reading them and writing to them – at important touchpoints in a users’ journey.

The process maps would help to identify the ideal workflow, exceptional situations, conditional workflows, and a way to manage unforeseen situations.

Our workflows are designed to send automatic reminders when an existing smart contract is about to expire. If desired, we can configure the system to automatically enter a new smart contract or renew the previous.

Natural Business Applications

Smart contract automation has a natural and organic affinity to process automation. Blockchain makes the process trustworthy and secure, while automation makes it quick, responsive, and easy.

Ensure Data Integrity

Blockchain can help ensure data integrity across channels for employees, clients, users, and regulators. A blockchain would help offer an immutable, single version of the truth enabling collaboration and information exchange.

Trace and Track

Many processes do not create or update records but require secure and authenticated proof of the existence of a record and certain data in it. The blockchain helps create a verifiable and non-repudiable audit trail as the automated processes execute.

Operational Efficiencies

With our automation solutions, your users can themselves design low-code/no-code workflows. RPA bots are used for repetitive tasks like complaint resolution and automatic approvals. Smart contracts can authenticate the next steps without manual intervention to achieve operational efficiencies.

Be Dependable

With automated tasks that use blockchain, you can quickly build your image as a dependable business partner. With Vailexa’s expertise in many domains, verticals, and functions you get the benefit of our collective experience.

Respond Faster

With automated blockchain solutions, you can spot and resolve issues, inefficiencies, and conflicts quickly before they escalate.

Higher ROI

The investment in deploying automated blockchain solutions has a high ROI with an increase in revenues and profits and significant cost savings. This results in shorter payback periods and less CAPEX and working capital requirements.

Agile Practices

With Vailexa’s blockchain automation solutions, you can create synergies in workflows involving multiple parties with trusted data at its center and accelerate performance derived from automation.

Risk Mitigation

Multiple risks – such as delayed response, lost sales, negative publicity, disputes, conflicts, frauds, and reconciliation errors – are automatically avoided. With Streamlined processes, accountability increases, and the need for third-party intermediaries with high overheads is reduced to a minimum.

Monetization Prospects

Automation brings in the confidence to take on more work than the workforce can physically manage. Blockchain enhances trust in your systems and your services, opening new monetization opportunities.

Improved Compliance

When the data are secure, non-repudiable, and easily accessible, governance and regulatory compliance improve a great deal. You often exceed the benchmarks set by the regulators in accountability, traceability, and responsibility.

Blockchain Solutions We Deliver

Vailexa’s Blockchain Automation solutions are aimed at creating a holistic enterprise-wide system that is ready for today’s as well as future needs. Our solutions can easily adapt to accommodate AI, ML, Cloud, and IoT among other new technologies.

Smart Contracts Management

Sturdy and tested protocols guaranteeing multi-party agreement integrity and automatic enforcement of obligations by all concerned.

E-Wallets

Digital and mobile wallets are built on strong foundations of secure data and transactions delivered at the speed of thought. Easily adapt the wallets for international transactions and cryptocurrencies.

dApps

Secure, resilient, and reliable decentralized apps that allow peer-to-peer communication, transactions, money transfers, and much more.

DOs

Decentralized Organizations allow collaborative, peer-to-peer, and community-based organizational structures to emerge that facilitate decentralized decision-making.

Private Blockchains

Secure and keep your data hidden from the world while reaping the benefits of scalable automated blockchain.

Use Cases:

Customer Relationships Management:

CRM requires creating loyalty and attracting customers with an efficiently run onboarding process, brand loyalty programs, rewards, and excellent customer service. Automation and blockchain can achieve all these at significantly reduced costs.

Supply Chain Management:

Efficient supply chain operations powered by quick contract signing and management, a transparent way of tracking provenance, and monitoring assets in real-time. Stop pilferages, minimize wastages, check thefts and vandalism, and keep track of your fleet and packages.

Asset Management:

Fixed and movable assets’ record keeping, management, and maintenance are of utmost importance. Non-repudiable records for ownership, possession, lease, movement, and maintenance help secure your organization’s interests in form of warranties and prevent misuse or counterfeiting.

International Settlements:

Securely pay and receive funds from international clients and suppliers with a globally visible settlement of transactions quickly. Allow cross-carrier payments while avoiding heavy charges of payment gateways.

Documents Management:

Digital documents can be stored and accessed from anywhere at any time with accuracy, according to privacy and data protection laws.

Manage Claims:

Insurance policies and documents for making claims can be easily maintained as secure blockchain records allowing automated insurance claims processing.

International Trade:

Facilitate international trade with reduced risk of fraud, minimum process delays, and internationally acceptable and non-repudiable contracts. Trade financing can become virtually risk-free with globally authenticated records.

Identity Management:

Irrevocable credentials – of natural or legal persons – are a requirement to authenticate and authorize transactions. With zero-knowledge proof schemes, you can prevent any unauthorized access to your data or funds