The role of SMEs is crutial to European economic and social developments. Blockchain opens new opportunities to SMEs in every sector to optimise their business and develop new models. Wheareas supply chain and trade financing, access to alternative financing or improving efficiencies and business relationships with clients and partners, Blockchain allows SMEs to compete in ways never seen before.

Alastria Blockchain Ecosystem has been chosen by the European Commission as the technological partner for the Blockchers Project. It shall provide the Blockchain Infrasture to the start ups participating in this EU Project developing blockchain solutions to SMEs.

Learn why SMES chose Alastria for their Blockchain Developments:

  1. ALASTRIA IS A EUROPEAN BLOCKCHAIN INFRASTRUCTURE

Alastria offers its members a public permissioned DLT that is compliant with EU legislation. It offers the possibility to develop new Digital Business Models and/or improve efficiencies through the use of blockchain technology reducing the reputational and compliance risks.

Alastria has developed its own Digital Identity that can be used for free by all participants.

IT IS MUCH MORE THAN A BLOCKCHAIN….

  1. A TRUELY OPEN ECOSYSTEM

Alastria is a truely open ecosystem; a non-profit association that promotes the Digital Economy through the development of decentralized technologies / Blockchain.

Its 426 current members not only use Alastria infrastrucure for the development of their blockchain applications but are also contributing to foster the creation of a solid and energetic ecosystem. They are organised in committees and actively contribute on a voluntary basis to technical developments, research and innovation, legal challenges, etc.

  1. BROAD BAND OF MEMBERS IN EVERY SECTOR

Currently, 46% of total members in Alastria are SMEs (196). Also, other partners include SMEs, start-ups, big corporate, Univerities, Law Firms, NGOs and Public Institutions. Its broad scope of members shows its open vocation but also a balance in the incentives that are present in the network as well as diversity in the approach.

This is in general highly valued by SMEs which are enabled to easily cooperate with big corporate and other SMEs in pursuing their goals.

Alastria works in verticals per sector, such as energy, health, education, retail, real state.

  1. TECHNOLOGY-AGNOSTIC

The goal of Alastria is to serve the development of a new digital economy with a social purpose. As technology evolves it is important to adapt the infrastructure to the best functioning technology that is available.

  1. ALASTRIA WORKS INTERNATIONALLY TO ENSURE THE FULFILLMENT OF STANDARDS

Interoperability of exisiting blockchains is crutial to improve its usability for businesses. Alastria members are conscious and have agreed to devote serious work to contribute to the development of international technical standards. In March 2019 Alastria hosted the ITU meeting in Madrid, in its decision to promote is objective.

New ways of doing business will come up for smart SMEs to incorporate into their value prop. Undeniably, blockchain is still at its launching pad. It is a participatory technology and those involved today in its developments will have greater chances to succeed.