Humanity is facing an epochal sustainable transformation that represents an enormous challenge for our society and economy. This transformation is being driven by the climate crisis and geopolitical shifts.
The concept of transformation should be understood in both an economic and a technological sense. Economically, we are undergoing a transformation from a take-use-dispose system to a sustainable circular economy characterised by trusting, transparent and traceable cooperation between partners. Data security and the protection of privacy are key prerequisites for the successful implementation of such a sustainable business model.
The digital transformation has been the driving topic in industry and public administration for years. This technological transformation is primarily aimed at the automation of processes with sensors (IoT devices) and the implementation of data-driven business models that operate in real time. The demands on companies and administrations are considerable, as existing processes not only have to be digitalised, but also re-modelled and implemented. This complex task presents companies with enormous cultural and resource-related challenges.
The ESG framework and the associated legal obligations (ESG reporting) present companies with additional challenges that need to be resolved in a timely manner. In addition to the content requirements, globally cascading supply chains in a multi-stakeholder environment are particularly difficult to manage, as media disruptions make efficient process automation almost impossible.
New technological approaches in combination with proven concepts are needed to successfully solve these diverse requirements. Technologically, a bridge is needed that can be seamlessly implemented in existing IT infrastructures (Web2) and at the same time encapsulates the complexity of decentralised ledger technology and AI (Web3). Flexibility and adaptability to existing architectures, automation and cost efficiency are essential prerequisites. A loosely coupled multichain platform such as Ibexus.io, which combines data streaming with a flexible on-chain business rule engine, is able to provide solutions for a wide range of use cases such as smart cities, smart mobility, federated learning, trackers in logistics chains and ESG reporting.
ESG reporting is not just an obligation for companies, but rather an enormous opportunity to improve profitability, protect the brand and thus positively develop the company’s rating.
A shared single source of truth that guarantees immutability, transparency, traceability and a secure audit trail is essential for this. The proven concept of measure, control and manageguarantees a solid basis for credibility. With Ibexus, we provide this layer of trust as a basic infrastructure – don’t believe it, know it.
Global companies such as Unilever, Mars and Patagonia have long since proven that sustainable business models not only have a positive impact on the climate but are also significantly more profitable.
