As we move towards a digital era, businesses are adopting more new-age tech such as artificial intelligence (AI), blockchain and Web3, among others. Amidst these Blockchain adoption seems to be gaining a momentum.
From enhancing traceability and reducing fraud to optimizing inventory management and streamlining logistics, blockchain has the potential to reshape the supply chain landscape. With the supply chain being a critical component of business operations, integrating it with blockchain technology offers a new paradigm forward. In conversation with Siddharth Ugrankar, CEO at Qila.io on how blockchain is boosting business through asset management and strong safety structures.
What common challenges do enterprises face when adopting blockchain, and how does Qila address these through its zero-tech onboarding approach?
The challenges that the enterprises face are complexities in blockchain, high implementation costs, and a lack of skilled resources. Qila responds to these challenges with seamless integration support, such as easy-to-use APIs, by which businesses onboard without needing technical expertise in web3. The team works closely with clients to assist them through integration, thus guiding them into transitioning to blockchain and providing them with room to focus on their core objectives.
How do blockchain help to deal with sensitive or regulated sectors?
For end-to-end security and transparency, blockchain has an enhanced encryption platform integrated with role-based access controls. The tamper-proof audit trail is impossible for unauthorized users. Blockchain technology always provides transparency so that a visible, uneditable record of the transaction can easily be traced. Such provisions make our product highly effective to use in industry such as healthcare, financial sectors, or clinical trials, where reliability and accountability it high.
What strategies does Qila implement to help businesses transition smoothly into the Web3 ecosystem, especially for those unfamiliar with blockchain?
Qila provides a seamless integration experience with RESTful APIs and low-code/no-code capabilities, thus making the transition into the Web3 ecosystem effortless. We work with our clients to determine specific use cases and walk them through the integration process.
It also offers a "How To" guide to help businesses discover and utilize all the capabilities within the platform, making it simple for organizations without blockchain technology knowledge to adopt the platform.
How does Qila’s tokenization solution stand out in simplifying asset management and enabling trust across diverse industries?
Qila’s platform solution simplifies asset management through tokenization, with its wallet solution, PrivaSea, enabling secure and transparent handling of tokenized assets, including NFTs and fungible tokens. This tokenised approach builds trust and ensures traceability, making it especially valuable in industries like real estate, where property ownership becomes more accessible, and supply chains, where trust and transparency are vital for smooth operations.
Qila’s tokenization solution is adaptable to various sectors, offering scalable and secure solutions across industries beyond just real estate and supply chain.
What specific business scenarios or challenges are ARK and ARK+ designed to solve, and how do they support growth and flexibility?
Qila offers two platform products, ARK and ARK+, that enable enterprises to easily adopt blockchain and tokenization. They cater across the sectors, that want to run their Web3 use cases on a private permissioned network. Our multitenant solution, ARK, is best suited for companies looking at cost effective and shared blockchain infrastructure. On the other hand, ARK+ offers more of a dedicated setup for enterprises and businesses to manage their private network as they grow.
