VERTICALS
The ideal partner
for various sectors
Energy
The energy sector is complex: it has countless ecosystems within it, networks that may or may not intersect, and involved parties that have extremely different interests. However, one factor affects them all: inefficiency. Manual invoice processing involves at least seven distinct steps, which collectively cost $ 12.01 to process a single invoice. Considering that the average utility has about 300,000 customers (A2A, the leading utility in northern Italy, has 1 million and Enel, a multinational utility based in Italy, 10 million), this cost can range from 3.6 million to over 120 million dollars.
We provide a wide range of services aimed at combating waste and inefficiencies in current processes, all without burdening standard operating procedures: from document management to authenticated access and data logs, we incorporate specific software components with blockchain technologies such as smart contracts and distributed ledgers, in order to guarantee efficiency to all stakeholders (trading desks, distribution and transmission service operators, electricity aggregators, prosumers, etc.).
Supply chain management
From food to fashion and even healthcare, each industry has a supply chain, made up of a myriad of stages, each with specific issues and vulnerabilities. 1.6 billion tons of food worth approximately $ 1.2 trillion is lost or wasted each year - one third of the total amount of food produced globally. In 2017, apparel retailers lost about $ 686 billion from out of stock and another $ 675 billion from excess inventory, which was sold at a reduced price. Unnecessary costs and waste reach a value of $ 1 trillion in the US healthcare sector. Eliminating business process waste associated with manufacturing alone can generate savings of at least 5%, potentially worth $ 200-400 billion in global markets.
Mangrovia's supply chain customers range across industries, but also include other software technology vendors. Our offering includes standard ready-to-implement solutions on a BaaS basis, but we also provide API / REST connections that technology partners can tailor to their needs.
Fintech
Complex transactions require the involvement of many third parties in the process. Intermediaries guarantee trusted transactions and balance risks, but charge a fee for their services. Letters of commitment, for example, are contractual agreements required in any financial sector, including banking, real estate, mergers and acquisitions, land transfers or intellectual property rights and so on. These documents contribute to a large extent to the amount of commission costs, which would be significantly reduced with the automation made possible by smart contracts.
Document management
In recent years, digital transformation has been an important point in the strategy of many companies and professionals. They have planned and slowly started to implement the platforms and services needed to digitally transform their business processes. One of the essential parts of an effective digital transformation strategy is the implementation of a document management system (DMS). An efficient and secure DMS offers companies a number of advantages, including time savings and optimization of business processes. By maintaining the traditional advantages of digitization, the blockchain further enhances them, making the archiving and management of documents even more secure.
Art and collectibles
Blockchain is the perfect technology to solve many of the problems that have plagued the art industry: issues related to provenance, ownership, transparency, copyright and counterfeiting. This technology is destined to revolutionize the art market traditionally dominated by a few players, opening access to works of art to anyone and making the whole process more transparent. Our team is actively engaged in supporting the birth of a decentralized authentication ecosystem for the art sector, in which the work takes on a central and dynamic value in all phases of the enhancement process: creation, promotion, authentication, evaluation, sale, trade, transport, safekeeping.
Gaming
A new paradigm of game dev and blockchain gameplay facilitates new business models and introduces new models of player interaction. Blockchain makes it possible to develop video games with a completely new perspective. The main advantages are mainly attributable to four factors:
