The startup offers an enterprise blockchain platform that enables traceable and auditable business process management across various private blockchain networks. By integrating standards-compliant encryption, the platform reduces implementation costs and enhances data collaboration among partners, clients, and vendors.
Funding
$300K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations in regulated industries face challenges in ensuring the traceability, immutability, and auditability of their business processes within their Business Process Management (BPM) systems. Integrating these features can be complex and costly. This makes it difficult to maintain compliance and provide transparency to internal and external auditors.
Solution
Qbrics offers a platform that adds Traceable, Immutable, and Auditable (TIA) capabilities to existing BPM systems by leveraging private blockchain networks. The platform's TIA-Nucleuz component allows users to create and manage a private blockchain to store process touchpoints and workflows. TIA-Caplan provides REST APIs to integrate business processes with the blockchain vault, making audit points visible to internal or third-party auditors. The blockchain vault is encrypted to secure TIA-enabled applications and business processes. Qbrics' patented quantum-resistant encryption system ensures data security in transit and at rest.
Target Audience
Qbrics primarily targets organizations in regulated environments that require traceable, immutable, and auditable BPM solutions.
Features
- TIA-Nucleuz: Core platform for creating and managing private blockchain networks to store business process touchpoints.
- TIA-Caplan: API engine with readily available REST APIs for building and integrating business processes.
- Quantum-resistant encryption: Patented encryption system for data in transit and at rest.
- Data access control: Customizable access control policies using Q-Language (Q-Lang).
- Identity management: Creation of globally unique identities for organizations, employees, partners, and vendors.
- Integration capabilities: API systems for integration with existing BPM tools.
- Primitives: Building blocks for creating new business processes and workflows.
- Time tracking: Timestamping of events, actions, and process steps.
- Certification: Digital signing of documents by individuals or groups.
- Agreement capture: Management of sign-offs, agreements, and consensus between parties.
- Adherence monitoring: Ensuring adherence to predefined compliance or performance conditions.
- Chronology tracking: Obtaining a chronology of events and process steps with accountability.
- Incentive management: Rewarding compliance and performance through built-in incentives.
- State change capture: Tracking changes to process steps, documents, or artifacts.
- Ownership management: Managing ownership and transfer of processes, documents, or artifacts.