Platform or Framework?
T-Mining develops a smart contract framework for the maritime and logistics sector. But what exactly is a "framework"? Sometimes, we are seen as a platform, rather than a framework. With this article, we want to clarify who we are and what we do at T-Mining. To explain the difference between a platform and a framework, we first outline why platforms exist and their added value, before explaining what exactly is the difference with our framework.
Point to point
Information flows in the maritime and logistics sector typically cover a large number of companies with very different types of activities and organisations. Our experience learns that these flows are organized sequentially, that is, point to point and that the information is passed on to the next link in the logistic chain using relatively old technologies. This is typically done with EDI messages between larger parties. Web portals are regularly used by large companies to share data with a large number of smaller parties. Even e-mail and telephone, and even fax are often used for the transmission of information regarding certain transport orders. Finally, we see the use of paper almost everywhere, for example, to transfer official documents and certificates between different parties. To illustrate this, the information flow to pick up a container at the terminal is shown at the left.
Centralisation, the solution?
To improve this flow of information, there was only one alternative for a long time. A centralized solution that brings all data together in one cloud and where all parties involved can sign up to receive the latest information and updates.
Naturally, such an architecture offers many advantages. After all, the data can serve to facilitate a platform where users make use of certain applications that allow them to work more efficiently and / or faster.
But the question immediately arises as to who will manage this central solution and whether this party can be trusted. After all, in this case there is a central administrator who oversees everything. Much of this data is confidential and often also of great commercial value. In addition, you are very dependent on one source: what if it would not be available? Or what if it is taken over by a competitor?
The limited success of certain applications in the past shows that commercially sensitive information is rarely shared through these types of central platforms.
Decentralization as a way to avoid creating a new middleman!
Blockchain technology offers a solution to make the dataflow more efficient by replacing the typical point-to-point or sequential flow with a peer-to-peer flow that is completely controlled by the participants themselves, and therefore does not imply a new intermediary. In addition, as with crypto tokens, it allows to transfer certain (digital) assets and rights. Just think of the right to pick up a container at the terminal in the harbor or transfer a phytosanitary certificate when importing apples.
Is T-Mining a platform?
The answer is simple: no!
Our smart contract framework allows third parties to quickly and efficiently build, maintain and provide a permissioned blockchain network infrastructure and blockchain-enabled services to its community.
This framework includes:
a library of reusable smart contracts that are specifically designed for maritime & logistics applications;
a set of tools to manage a decentralized network (such as monitoring, network governance tools, etc.);
REST APIs to integrate with existing solutions.
Our smart contract framework allows new and existing platforms to implement the benefits of decentralization and thus enable innovative applications. Existing platform operators can therefore extend their service package to their community, based on the T-Mining framework.
With this framework we focus not only on operators of these platforms, but also on:
Independent Software Vendors, who can integrate blockchain-enabled solutions with their smart contract framework into their existing services (eg via dAPI) for players in the maritime and logistics sector;
ICT integrators, who support complex integration processes and typically offer solutions in which different parties are involved and where the blockchain solution is integrated into the existing ICT architecture of the various parties;
Technology consultants, who specialize in guiding innovation projects and where our smart contract framework can be used as TestNet to quickly set up Proof of Concepts or Pilot projects.
Hopefully this clarifies who we are and what the added value of our smart contract framework is. Is this not that the case? Or would you like more information?
Do not hesitate and contact us!