Intrachain is the world's first process mining software with integrated blockchain. The Intrachain platform combines a process mining tool with a decentralized database. This technical architecture allows for different use cases. Intrachain hereby focuses on the collection of IT traces on systems and the storage of tamper-proof data in the blockchain
Intrachain is the world’s first process mining software with integrated blockchain. The technical architecture allows for different use cases: Intrachain focuses on collecting IT traces on systems and storing tamper-proof data on the blockchain.
Intrachain is designed to satisfy the demands for credible data among businesses and private users. With the massive amount of information on the market, it has become challenging for companies, as well as private entrepreneurs, to find credible sources of data. Moreover, the cases of leakages and disclosures have become more frequent, which often lead to substantial financial losses and reputational damages among organizations. Intrachain aims to address these challenges providing community members with a smart software solution that combines processing mining tool with a decentralized database.
The platform provides users with two primary products: Intrachain Private and Intrachain Business. The private edition is designed for the application in the out-of-work setting. It is a B2C software that monitors personal user behavior, collects this data and stores it on the blockchain. The software provides a wide range of tools for data analysis, which enable community members to get valuable information on their interaction with the ecosystem
Intrachain Business has similar functions since it also tracks user’s data and stores it on the blockchain platform, which contributes to information security. However, the software utilizes this data to enhance recording and provision of company’s services. Smart contracts allow enterprises to transfer transaction information and cost to the right accounting system, which helps to optimize internal business operations.
The project is expected to benefit companies operating in different fields. In contrast to traditional servers, the platform provides higher data security. The application of the latest blockchain solutions helps to build data transparency and eliminate the case of data manipulation.
INTRACHAIN IS A PROCESS MINING SOFTWARE WITH AN INTEGRATED BLOCKCHAIN
With the integration of blockchain technology into behavior tracking, we believe that we offer a high-value service to major economic players and private users alike that has transformational potential. We offer individuals the required personal behavioral data to reflect on their usage of smart devices and analyze their time spent. Furthermore, it is our aim to revolutionize accounting practices by making use of new technological possibilities. We want to automate accounting practices such as reconciliation with the help of blockchain and smart contracts. This makes effort allocation more efficient, helps companies to save costs and provide them with the accurate data that are needed to make informed decisions.
The Problem
They often consist of several hundred subsidiary companies, which are put together under one group. Managing transactions between these subsidiary companies is very inefficient, mainly because of two reasons:
A lack of information
High costs for allocation, reconciliation and clearing
The Solution
Process mining combined with smart contracts
Intrachain provides a solution for both problems.
The lack of information is fixed by the Intrachain Process Mining Engine. It enables each subsidiary company to drill down into their costs and identify single activities and their duration.
These activities are connected to the blockchain and get processed immediately using smart contracts. The smart contracts charge the receiving parties right away and handle the corresponding transactions.
Furthermore, the technology works across all IT infrastructures due to its decentralised blockchain. Therefore, it can easily be implemented at new subsidiaries. So it doesn’t interfere with common M&A activities or infrastructure decisions.
WHY
Private users and businesses are increasingly affected by nontransparent data tracking methods and inaccurate data. Private users are therefore often unaware of their digital behavior. For businesses, the consequences are even greater: Important documents such as financial reports rely on data as one of the main information sources. If these data are incorrect, companies can suffer from fines, lack of trust of shareholders and wrong decision-making. Common practices in this regard, for example reconciliation or manual data errors corrections, are time-consuming and therefore very costly.
WHAT
Intrachain’s solution aims at solving these major issues. Therefore, we created the world’s first process mining software with an integrated blockchain. Intrachain makes the collection of data trails easy, the cost transaction processes secure of human errors and helps to increase the overall database quality.
HOW
To gain a better overview of the trails of data, Intrachain’s process mining engine generates detailed data about user behavior and performed efforts. These data are then transmitted to the Intrachain blockchain where they are stored safely and transparently in a private blockchain. For Intrachain Business customers, the corresponding costs are then being allocated to the responsible entities and can be booked simultaneously via smart contracts. This way, companies gain a clear overview of their intracompany transactions and get rid of common flaws of current reconciliation methods.
Why do you need the Intrachain Token?
The Intrachain token is a utility token which will be used to operate our private blockchain. You will pay with it for our process mining as well as for the transactions done on the accoutnting blockchain. The token enables you to use our software solutions for a certain amount of time.
What can the Intrachain Token be used for?
After the ICO, you can use the Intrachain token to sell it to other corporations or private investors. YOu can also use the Intrachain token for our process mining engine and our accounting blockchain.
How does the Token Sale work and when is it scheduled?
To stay updated on the Intrachain token sale, you can find all of the information on our homepage as well as on: Telegram, Twitter, Facebook, and Medium channels.
Unique market characteristics
The unique level of complexity and dynamism of the market that Intrachain operates in
has further implications for our business and the derived marketing and sales strategy. On the one hand, our target audience – multinational companies – have less varying needs than customers of B2C markets. Fewer customer segments and a smaller target audience make it easier to operate and create a big market potential to act upon. On the other hand,Intrachain target audience’s needs are less easy to satisfy than private customers’ needs, making it essential to know our target group well.
Implications for Intrachain
This urges us to create a comprehensive market intelligence picture. By conducting quantitative market research and talking to already interested parties, Intrachain assure that the pains of target group are well-known and that we can offer them the best available solution. Deriving from that, the decision was made to align sales and marketing efforts and create a joined up thinking between the two fields.
OVERVIEW OF INTRACHAIN BENEFITS
Highest possible data quality
High data security
Compatibility with different IT landscapes
Significant cost savings
Team Members
Arne Reimann : CEO
Mislav Boras : CTO
Niclas Preisner : CMO
Dr. Klaus Preisner : CFO
Leonid Astakhov : Core Blockchain Developer
Bastian Brodbeck : Core Developer
Henrique Centieiro : ICO Advisor and Blockchain Advocate | Blockchain Product Manager Zwoop
Joshua Cornelius : Visionary Entrepreneur| Co-Founder Freeletics
Peter Dodell : Digital Transformation Influencer|Manager Siemens Finance Innovation Lab
Sebastian Kollmannsberger : Creative Strategist|Head of Project Management david+martin
Ugo Bechis : e-Payment & SEPA Advisor
Wojtek Misiewicz : Social Media Innovator & Start-Up Advisor|Partner at LINGNER.COM
Firras Sabbah : Digitalization Expert|Head of Digital Platforms Allianz
Links & Contacts
Homepage : www.intrachain.io
Blog : medium.com/intrachain-insights
Whitepaper : www.intrachain.io/whitepaper/
Forum : bitcointalk.org/index.php?topic=4475625.new#new
Facebook : www.facebook.com/Intrachain-2072954366326228/
Youtube : www.youtube.com/channel/UCV7MoM3EurKqaTvJa_Y2J1g
Twitter : twitter.com/intrachain
Linkedin : www.linkedin.com/company/intrachain/
Reddit : www.reddit.com/user/Intrachain?sort=top
Telegram : t.me/intrachain
