Bringing back insurance in a very cost efficient way by allowing individuals to form groups that can share risk at affordable costs.
Single Version of Truth for OEM, MRO, Aircraft, Airline & Aviation Authorities efficiently reducing operating costs & layover times.
Public Distribution System with assured and accurate end utilization enabling transparency, Traceability & Standardization.
Crisis Fund Distribution
A global common ledger for raising, allocating & distributing aid, donations and grants during times of crisis.
P2P Energy Trading
Blockchain platform for P2P energy trading with turing complete solar panel meters and bidding system.
A DLT solution for Banks, Manufacturers and their Vendors to majorly reduce processing timeframes.
Tokenized Fund Transfer
Domestic Fund Transfer on Blockchain for emerging markets to tackle Financial Inclusion without last-mile bank branches.
A DLT solution for bank reconciliation eliminating an age-long problem of different statement formats of different banks.
Immutable Audit Trail
A DLT solution for moving ahead of RDMBS implementations to store Audit Trail data on an immutable, trusted ledger.
BLOCKCHAIN SOLUTION DEVELOPMENT PROCESS
Blockchain brings value in environments where stakeholding, intermediary involvement and un-trusted nature of transactions result in inefficient processes. Using our past experience and regular research, we work towards identifying a use-case where blockchain can add value to business.
BLOCKCHAIN/DLT FRAMEWORK DECISION
For each use-case, the next step is to freeze the blockchain / distributed ledger technology framework like Ethereum, HyperLedger, Corda etc for developing a POC/MVP. This also includes taking decisions on type of implementation amongst private, permissioned and public blockchain.
PROOF OF CONCEPT | MVP DEVELOPMENT
Proof of Concept generally includes a solution document that showcases the system architecture to be built on blockchain framework. Post the POC, MVP development is a crucial and laborious stage where maximum time is spent behind the scenes to develop a working product.
API INTEGRATIONS & AUDIT
Blockchain solutions rarely exist without interacting with off-chain existing systems in which API integrations play a major role. For getting off-chain data into the blockchain and vice-versa, API integrations are required followed by audits to ensure compliance with industry standards.
Production Level Deployment
Post API integration, audits and legal compliances, the solution gets ready for testing trials and then deployment in production environment.
Established since 2006, SOMISH is a technology and product development company with expertise in building automation systems using cutting edge technologies. For over 10 years, we have continuously served top line customers with our ability to re-engineer, design, develop and implement automation systems.
Worked on a wide variety of blockchain use-cases like:
• P2P Insurance
• Aviation Maintenance Log
• Subsidy Distribution
• Crisis Fund Distribution
• Bill Discounting
• Tokenized Fund Transfer
• And others..