CoreLedger Launches Industry-First Blockchain Sandbox To Help Small Businesses

Blockchain startup CoreLedger has launched an industry-first “Active Sandbox” that will enable enterprises to leverage blockchain technology.

CoreLedger is empowering businesses of all sizes to quickly and affordably access all the benefits of blockchain technology through their end-to-end technical solutions. Founded to pursue blockchain technology beyond financial and speculative use cases, CoreLedger helps companies use blockchain to overcome some of the greatest challenges we face in the world today.

In a press release, CoreLedger announced the launch of an industry-first experimental blockchain sandbox that will allow small and medium-sized businesses to overcome the expense and technical barriers to blockchain technology. Through CoreLedger’s Active Sandbox, companies of all sizes will be able to access CoreLedger’s technology and whitelabel products, allowing them to try it out or build a showcase without financial or regulatory risk prior to going live. Businesses that lack the budget or technical expertise can test the technology within their own tailored environment, dramatically increasing the speed at which they can take it to market. Startups can also build a working proof-of-concept with the sandbox to gain buy-in for early stage investment, allowing businesses to take a concept to market within weeks.

According to CoreLedger, blockchain adoption failure rates currently reach up to 92% due to the need to build from scratch, and the lack of flexibility for testing and experiencing use cases before going to market. With costs of blockchain development and adoption costing up to $1 million with audits, maintenance, and time-to-maturity, CoreLedger’s unique system allows companies to access the benefits for a miniscule fraction of the cost. Startups can also build a working proof-of-concept with the sandbox to gain buy-in for early stage investment, allowing businesses to take a concept to market within weeks.

“If blockchain is applied properly, there are hundreds of use cases where the technology can improve efficiencies, reduce costs, save time and introduce more trust and credibility. But blockchain is also new technology, and taking advantage of it requires trialling, testing and sometimes, failing, in a safe and affordable environment. We’re significantly reducing the costs of adoption,” said Johannes Schweifer, CEO of CoreLedger.