{"id":625516,"date":"2023-04-04T14:49:19","date_gmt":"2023-04-04T19:49:19","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/04\/the-enterprises-are-coming-the-enterprises-are-coming\/"},"modified":"2023-04-04T14:49:19","modified_gmt":"2023-04-04T19:49:19","slug":"the-enterprises-are-coming-the-enterprises-are-coming","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/04\/the-enterprises-are-coming-the-enterprises-are-coming\/","title":{"rendered":"The enterprises are coming! The enterprises are coming!"},"content":{"rendered":"
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This report was written by Paul Rajchgod and was first published<\/a> on the Ayre Group website.<\/em><\/p>\n

These days, it often seems there\u2019s little we can agree on in society. Can we at least agree these are polarizing times? (See what I did there??)<\/p>\n

One thing we\u2019ll surely agree on is this: One of the greatest debates of our time is \u2018Star Trek vs. Star Wars.\u2019 It seems you gotta pick a side; how many people do you know that are equally Trekkies and Star Warriors\/Warsies\/[whatever they call themselves] people?<\/p>\n

I fall squarely into the Trekkie camp, particularly the \u2018The Next Generation\u2019 Series from the late 1980s\/1990s. So when I started trying to count how many enterprise-focused businesses are building on BSV Blockchain, my mind jumped to one of my favourite episodes (Season 7, \u201cParallels,\u201d first aired on November 29, 1993, if you\u2019re curious).<\/p>\n

In this one, Klingon crew member Lieutenant Worf is stuck in some kind of breach of the space-time continuum, and at one point, an infinite number of Starship Enterprises appear until the rift is closed. By the way, who HASN\u2019T been stuck in a space-time continuum breach at one point in their lives, eh?<\/p>\n

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The great \u2018Enterprise vs. Consumer\u2019 debate, continued<\/strong><\/p>\n

This is an occasional hotly debated topic in blockchain circles. Which is the bigger driver of growth, adoption, value, valuations, etc. \u2013 consumer facing businesses (\u2018B2C\u2019) or enterprise-focused businesses (\u2018B2B\u2019, or \u2018B2B2C\u2019, if your offering helps businesses ultimately serve consumers). And does it matter?<\/p>\n

I still believe enterprise-focused businesses are \u2018a cut above,\u2019 and deservedly so. For a business to win over other businesses, especially large, enduring companies, you need to bring a very high level of professionalism, an excellent product offering, demonstrate they can scale quickly, possibly help them with global adoption, and if you\u2019re successful, these can be very fruitful, \u2018sticky\u2019 clients \u2013 especially if you have a SaaS (or BaaS)-like long-term offering.<\/p>\n

Having said that\u2026<\/strong><\/p>\n

However, there\u2019s nothing wrong with consumer-facing businesses, including fintech companies that help users get onboarded and offer on\/offramps, and importantly, gaming companies and loyalty programs, which can also scale very quickly. Witness nChain CEO Christen Ager-Hanssen\u2019s company STUK, which launched BSV support in its loyalty program in mid-March<\/a> and instantly became one of the top BSV Blockchain transaction generators every day since!<\/p>\n

Enterprise Use Cases \u2013 Q1 2023 Update <\/strong><\/p>\n

Let\u2019s catch up on enterprise adoption. Here are just a few of the enterprise-related announcements using BSV Blockchain that we saw in Q1 2023:<\/p>\n

nChain<\/strong> was busy with enterprise-related announcements \u2013 Leading iGaming CRM platform Symplify and nChain announced a partnership to revolutionize that industry<\/a> with \u201c\u2026cutting-edge solutions that will bring an enhanced layer of efficiency, security, and transparency to the industry.\u201d Other key announcements: A TradeWindow supply chain solutions MoU<\/a>, working with E-Livestock<\/a> to \u2018tokenize cows\u2019 and improve African farming, partnerships with W2 and Crucial Compliance, investment and partnerships with Gate2Chain, Transmira, UNISOT, Asset Layer, etc.<\/p>\n

Property management software company<\/strong> and newest Ayre Ventures investee company Over-C <\/strong>will build insurance industry-focused blockchain-based risk solutions on BSV Blockchain<\/a>.<\/p>\n

Vaionex<\/strong> tweeted that a Fortune 500 company had selected their Relysia unit\u2019s infrastructure<\/a> and was actively in test mode, not to mention that many BSV Blockchain companies, including stablecoins (plural!), are Vaionex clients.<\/p>\n

Payments platform company<\/strong> Centi<\/strong> launched its stablecoin<\/a>, the first on BSV. This will blow the doors wide open for their merchant partners. As Centi stated, the Swiss Franc-pegged stablecoin, part of its Global Payment Network, \u201callows merchants to get direct payment settlement into their banks\u2026without the need to change accounting procedures [and provides] them with the same service they are used to from the Credit Card industry while cutting fee costs by up to 99%.\u201d<\/p>\n

Furthermore, Centi\u2019s solution \u201coffers seamless integration with online, POS, and cashier payment systems,\u201d providing a complete solution to online and brick-and-mortar merchants, such as online payments partner Payrexx, who announced that its 50,000 merchants can now offer Centi as a payment method and accept its Swiss franc stablecoin.<\/p>\n

Enterprise BaaS provider mintBlue<\/strong> was busy! The company announced the enhancement of its e-invoicing solution<\/a>, in collaboration with the Dutch Chamber of Commerce and its customer VISMA | yuki; it allows for automatic ID verification of senders and recipients of invoices, improving efficiency, transparency, and the reduction of risk of e-invoicing fraud.<\/p>\n

Oh, and they also set a world record for daily transactions<\/a> on a public blockchain. mintBlue said, \u201cAs a startup serving large corporate clients, we value proof points of our scaling capabilities. Instead of asking them nicely to trust us, we took it as an opportunity to stress test our infrastructure and prove our abilities while doing it. Each [of the 50.53 million transactions] contained documents, such as contracts, credentials, invoices, micropayments and receipts,\u201d and very importantly \u2013 when dealing with enterprise clients that rightfully demand low and stable costs<\/em>, the \u201cexperiment only incurred \u20ac400 in fees.\u201d<\/p>\n

Rekord<\/strong> \u2018hit the ball outta the park\u2019 (that\u2019s a baseball analogy, James Marchant<\/a>) testing its Industrial Internet of Things (\u2018IIoT\u2019) solutions with a 3D printer client on only six machines that essentially \u2018live streamed\u2019 their manufacturing data. Like mintBlue, Rekord proved yet again what is only possible on BSV Blockchain: Rekord\u2019s tests peaked at 23.66MM transactions on-chain in one day, with a total data size of 8.9GB and for total fees of $473.14, a per-transaction fee of $0.00002 (note that mintBlue\u2019s per-transaction fee was $0.000008 \u2013 that\u2019s \u2018five zeroes then an 8\u2019, but who\u2019s counting!<\/em>).<\/strong><\/p>\n

James said, \u201cAll new 3D printers [of our client] will have Rekord IoT devices installed, allowing a huge variety of applications to be developed on top of the BSV Blockchain, bridging the gap between blockchain, IoT and robotics\/manufacturing.\u201d<\/p>\n

In its tests, Rekord not only demonstrated IIoT solutions for clients, but also helped \u2018pave the path forward\u2019 regarding Bitcoin transaction processing fees; after all, the \u2018mining reward,\u2019 as Satoshi Nakamoto made clear in the White Paper (and countless times since) is a declining subsidy that will halve again next year. As James stated, \u201cI\u2019m now totally certain Rekord can singlehandedly not only make up for the reduced block subsidy at the next halving but start to push back the other way\u2026in terms of transactions fee generation offsetting against the reduction in subsidy.\u201d<\/p>\n

Wait\u2026how many enterprises?<\/strong><\/p>\n

As I recapped these highlights, I wondered just how many with a B2B or B2B2C focus are using BSV Blockchain? Many more than I\u2019d have guessed!<\/p>\n

JUST SOME of the Enterprise-Focused Businesses on BSV Blockchain We\u2019re Aware of:<\/strong><\/p>\n

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To recap, these companies are using BSV Blockchain for their customers (who are themselves enterprises or government agencies) in specific industries, such as supply chain, industrial manufacturing, healthcare, Bitcoin infrastructure itself, real estate, property management, media\/entertainment, and on and on\u2026or they\u2019re using BSV Blockchain for their own internal purposes.<\/p>\n

So, how many enterprise-focused companies are using BSV Blockchain?<\/em><\/strong><\/p>\n

<\/p>\n

The \u2018Flight of the Conchords\u2019 team sympathizing with me<\/strong><\/p>\n

Enterprise vs. Consumer adoption \u2013 who rules the roost?<\/strong><\/p>\n

I wanted to dig a little deeper and find out which focus generates more value, and one way to look at this is through the lens of the capital markets and how investors faired.<\/p>\n

It used to be the case that enterprise-focused businesses brought more investor value than consumer businesses, but this has reversed course in recent years when it comes to IPOs (companies going public on the various stock markets of the world).<\/p>\n

However, on the mergers & acquisitions front, the vast majority of value is still derived from enterprise-focused businesses (more than 2x that of consumer-focused companies, in M&As of $1B+. Source: Sapphire Ventures). Also of note, there are more $1B+ enterprise IPOs than consumer IPOs.<\/p>\n

\"Rolling<\/p>\n

So, what IS the point!?<\/strong><\/p>\n

This: Big consumer use case wins in BSV Blockchain may be as important as enterprise wins, and we at Ayre Ventures would be delighted to see HandCash, Centbee, or FYX Gaming \u2018win the race,\u2019 to pick a few examples.<\/p>\n

Ultimately, it could be \u2018six of one, half dozen of the other\u2019 (or for our British friends, \u2018it\u2019s as broad as it is long\u2019)\u2026but I\u2019ll still argue there\u2019s a higher level of \u2018wow\u2019 attributable to corporations big and small using enterprise solutions via BSV Blockchain to create or solidify \u2018unfair advantage\u2019 by mintBlue, nChain, UNISOT, Vaionex, or Over-C, for examples.<\/p>\n

What about the bigguns? <\/strong><\/p>\n

If you\u2019re saying \u2018ok, but when are the big corporates coming?\u2019 Not sure when we might see Starbucks or FedEx or Lloyd\u2019s of London announce a deployment on BSV Blockchain, but meanwhile:<\/p>\n