Blockchain and Distributed Ledger Technologies

What is Blockchain?

A Blockchain relies on a digital and distributed ledger which performs in a transparent environment without the need for a trusted authority to validate transactions. Rather, there are computer nodes that follow some consensuses and protocols to operate the ledger in an automated way.

A Blockchain is also able to execute so-called Smart Contracts application, self-executable computer programs that perform yet simple logic but can be assembled to produce sophisticated applications.

Is your business ready for Blockchain?

Try your idea and use case in a lab.

Deloitte Luxembourg is part of the Grid EMEA Blockchain Lab. Deloitte Luxembourg has a specialist team who aims to disrupt and deliver positive results to businesses, via the power of Blockchain technology. If you want to proof your concept with concrete software, just use our lab.

The lab has already developed several use cases such as:

• ArtTracktive
  ArtTracktive proposes a platform to solve traceability issues in art by recording interactions between all parties involved on a Blockchain in processes such as lending and selling. Parties interact with the Blockchain through a web application in order to record their actions from the introduction of the piece of art, its certification, and the notification of sell/lend, all the way to the shipping and customs clearing.
• AirMes
  The AirMes PoC provides an answer to recent regulations that enforce the need for a timely reporting on post-trade transactions. EMIR, MIFIR, FSTC, and others involve challenges in terms of data quality, data reconciliation, timing, and cost that a Blockchain can address thanks to its immutable shared ledger of pre-reconciled transaction reports.