Private blockchains
In a nutshell, NorthChain, founded in 2018, has developed a method by which business processes can be optimized and automated. Using private blockchains, to be precise. That sounds complicated, but the opposite turns out to be true. 'In the blockchain you can implement your business processes in a very natural way,' Herman Balsters explains. Herman is also a partner of the Groningen company and also co-inventor of the technology Jelko just mentioned. ' As the name suggests, blockchain is a chain of blocks,' he continues. 'Each block is a step in your business process. So all processes are logged as a chain on the blockchain. Transparent, traceable, secure and not mutable. That ultimately leads to more efficient and manageable business processes, minimal error rates and low costs.'