Ultimus integrates Tierion for Blockchain Digital Process Automation
Ultimus has integrated with Tierion to create proof of business processes in banking, healthcare, law, medical technology, government, compliance, and other industries.
Who is Ultimus?
What is Business Process Management software?
BPM helps companies automate business processes. For example a bank may need to process a loan application or a hospital may need to schedule patients. Companies rely on Ultimus software to automate and track these types of business processes.
How do Tierion and Ultimus work together?
Ultimus uses Tierion to create an audit trail for business processes and prove the integrity and timestamp of documents. Many organizations need to prove that digital documents and data were created before a certain time and haven’t been altered. This is particularly important for regulated businesses. Examples include:
- loan agreements
- purchase orders
- reports filed with a regulatory body
This video demonstrates how Ultimus and Tierion are used to process a loan application. It includes a live demonstration of Ultimus’ BPM software.
How is the blockchain used?
Tierion’s Chainpoint technology lets software developers link data to the blockchain. This process generates a Chainpoint proof, which can be used to prove the data is linked to a point on the chain — hence the name Chainpoint.
Blockchains are notoriously slow. Bitcoin can process about four transactions per second. Ethereum can process approximately fifteen transactions per second. Chainpoint overcomes these scalability limitations by linking thousands or even millions of Chainpoint proofs to a single transaction. Chainpoint transforms the blockchain into a global proof engine.
How long did it take for Ultimus to integrate Chainpoint?
Ultimus went from concept to production in just over 30 days.
How can I learn more about Chainpoint?
Founded in 1994, Ultimus pioneered Business Process Management software (BPMs). Ultimus solutions automate and optimize business processes to solve mission-critical and everyday business challenges. With a unique and dedicated focus on business process effectiveness, Ultimus solutions not only increase efficiency, lower costs, and control risk; they help companies increase revenue and improve customer relationships.
With 14 offices throughout 11 countries and a Global Partner Network, Ultimus solutions have been implemented at thousands of companies in over 80 countries, including some of the largest companies in the world.