LevelBlox is using blockchain solutions to solve the problem of disconnected software assets from decision makers.
All software installed throughout the enterprise contains entitlements and licenses granting companies the right to use a particular piece of software. It's critical for the enterprise to get the full scope of use and understanding of the terms of their software agreements in order to steer clear of any potential legal entanglements or paying unnecessary cost.
Software vendors have developed an array of strategies and tactics to extract revenue from customers beyond an initial transaction. These strategies are evidenced by limitations within the license grant and extend throughout the attachments, orders forms, appendices and pricing guides of every software vendor
By using the business network offered in blockchain technology, all parties involved in a transaction on any key data element will be able to avoid disputes, have access to the single verification of status in near real-time, and mitigate, if not eliminate, software compliance exposures and even audits. We are moving away from reactive, mid-value service via administration and analytics to high-value, automated services that integrate all the necessary parties transacting on data with proactive checks in a new process that eliminates any redundancy, validations, reconciliations, and compliance documentation.