The evan.network project is an initiative that aims to help companies across different industries build their own business models and drive innovation through Blockchain. As opposed to existing solutions currently available, evan.network operates as a DAO (decentralized autonomous organization), ensuring security, reliability, and network autonomy for all of its partners. Therefore, it allows business owners to join an entirely decentralized system of data and data sharing.
Data sovereignty, a dream to hold on to
Existing business models barely have ownership over their data. The solutions they provide are outsourced to third parties, meaning that entrepreneurs are predisposed to losing important data in the process. Since one company can’t own all decentralized networks, end to end encryptions fail to completely solve the problem, even when it comes to cloud solutions.
evan.network is the foundation of an economy based on collaboration and trust. At the heart of the project lies an enterprise-ready Blockchain operated and owned by its partners. It can be used to develop decentralized applications, completely independent of a single company or central platform.
The vision that brought evan.network into existence is a market fueled by the need for a better, decentralized alternative to store and operate data, in the context of cloud systems’ failure to provide a trusted, high-performance solution. The initiative to build a European blockchain that is self-sustainable and reliable could help businesses all over the European Union, as well as the founders of evan.network, to understand that innovation cannot be realized by one company alone, but by adopting a collaborative approach:
CEO Thomas Müller highlighted in a blog post: “What we need today is a dynamic cooperation in flexible partner networks where companies interact with each other on eye-level. This requires a strong rethinking in the way, companies interact with partners but it requires also new methods of reliable, fast and dynamic collaboration in partner ecosystems.”
Innovation through blockchain: evan.network use cases
What companies must truly understand is that one entity can’t own a decentralized network. Many fall into the trap that Blockchain technology is the miracle cure when it’s not. Today’s public blockchains don’t have enterprise ready capabilities because of their flawed architecture that slows down transactions, not to mention that they waste a lot of energy. Others believe that private blockchains is the best alternative, but they’re wrong. Müller gives the perfect description of a private blockchain :
“Surely you can do that. Just like you can paint your 23-year old Corolla in a new color and say to your neighbors: “Hey guys — this is my brand-new car!”
Truth be told, with private blockchains you have the same limitations, meaning central storage solutions based on a pioneering technology that doesn’t really have any real benefits. This is where evan.network comes in. The mission is to make companies understand they can’t own a decentralized network by giving open access to the technology and allowing companies to develop enterprise-ready, cross-industry business networks based on Blockchain.
Industry sectors where the evan.network technology can already be implemented:
- Supply chain orchestration for simplified supplier selection and risk management in industry sectors like multi-tier supply chain. On evan.network, companies can build fully decentralized, secure, and transparent supply chain networks in order to streamline collaboration with their partners.
- Recycling management for better connections between constructions companies and local and national waste disposal companies where demand and supply is met in a fully decentralized environment via smart contracts to ensure better transparency.
- Mobility as a Service (MaaS) – with its decentralized structure, Blockchain technology offers the possibility of linking various mobility concepts in a trustful way and create one MaaS system for every kind of transportation
- Logistics for easy connections between customer and producers via smart contracts that allow them to run automated transactions under the form of a service or payment as soon as the receipt of goods has been confirmed.
evan.network, a technical solution to an organic need
The main reason behind using blockchain technology for data storage is to make the project completely independent from third parties through a management structure shared exclusively among the evan.network trusted partners.
“The company started a few years ago, working with a number of clients, only to realize that they need to make a network independent for them as a company, which is open-source, so that every company can use this technology to own decent places to hold their data”, said Thomas Müller, CEO and co-founder of Contractus, the company building evan.network, in an interview for our magazine.
The evan.network’s ecosystem allows users to build their own sub-networks based on digital twin contracts and secure exchanges to protect their data, which benefits both companies that want to protect their data and those that need secure B2B transactions.
Thomas Müller stressed the importance of mobility and flexibility in this line of business, especially when it comes to understanding new trends and using them to your advantage:
“We changed our strategy several times, and we believe it is absolutely normal, as you have to adapt to new technology”.
Thomas Müller, CEO at Evan Network