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Proxeus aims to reduce bureaucracy in blockchain

Blockchain’s big picture vision is embedded crypto identities opening up all sorts of additional opportunities — from a new wave of share trading and lending, to frictionless identity verification. But right now the technology remains nascent, with some key fundamental challenges — energy efficiency and scalability — yet to be overcome and thus standing in the way of blockchain’s much touted transformative potential.

That’s why the team behind Proxeus has taken what co-founder Antoine Verdon dubs a “very pragmatic, very Swiss” approach to blockchain — aiming to bridge the gap between the old (but real) world of linear workflow processes and the brave but still alternative reality where everything that can be decentralized has been.

Describing their product as “WordPress for Blockchain”; they’re focused on enabling blockchain to be used to optimize single processes and workflows — as a first step towards greater transformations. The technology is open source, and the platform will be made freely available for anyone to use (people building Proxeus apps can monetize them via charging fees based on usage).

“At its core Proxeus is a workflow builder and document generator,” says Verdon. “We have a framework which allows anyone to come and use building blocks to create workflows and at the end blockchain apps. But — just like WordPress is a website creation tool — we don’t intend to go down one level in terms of offering products ourselves and going directly into the market. We see ourselves and the Proxeus model as a toolbox and a tool provider.”

“We’re working on APIs on both sides,” he adds. “Both connecting Proxeus to different blockchains — we’re now connecting to Ethereum and Hyperledger — and on the input side, connecting Proxeus with a series of ERPs.”

He says another of of the goals is a connection for SAP systems. The team has been developing the platform for 2.5 years, at this stage. They’re now beta-testing and running their first trials.

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