QuadraByte
Innovative Blockchain Solution to Transform Businesses

The potential of blockchain technology as an alternative database for auditing transaction data is enormous in the healthcare and insurance industries. In these sectors, claims undergo rigorous audits to ensure the records are not modified to arbitrarily pad the amount. Since the recorded transaction cannot be altered in blockchain, it lowers auditing time, saves businesses money, and eliminates fraud.

Yet, most organizations struggle to effectively implement blockchain technology and create immutable solutions to streamline operations and grow their business at an unprecedented pace while driving maximum value and ROI.

Data analytics, AI, and blockchain specialist, QuadraByte makes a difference by allowing businesses to build blockchain solutions specific to their operational needs. These solutions bring organizations into the Intelligence Economy, a concept that stands on the pillars of knowledge, information, and intelligence to create wealth and distribute resources. By trademarking this concept in 2022, QuadraByte’s founders have brought it to the forefront of the blockchain arena.

“We offer many solutions specific to the blockchain. This includes tokenomics to help customers develop tokens for trading in crypto and decentralized applications or marketplaces for supporting businesses in driving maximum value from blockchain,” says Ronald Steelman, founder and CEO of QuadraByte. “Most businesses today look for ways to implement blockchain solutions to build trust with their customers and design immutable reward systems or solutions. In that sense, there is a shift from B2C and C2C to B2B channels adopting blockchain, and we are facilitating this move.”

A window of Endless Opportunities

One of QuadraByte’s biggest projects is with its flagship customer, LITH Token, to launch their LITH Token Marketplace. It has helped LITH with tying digital NFTs on the blockchain back to the physical product for promoting sustainable and socially conscious businesses.

When an individual owns a piece of artwork, tying the authenticity of it to its NFT shows ownership. In instances where the owner wants to sell it to potential buyers, QuadraByte builds an escrow platform to ensure the NFT and the art are transferred to the new owner. The process begins with the NFT being transferred to the escrow wallet that tracks the deliverable of the actual art. Once the buyer confirms they've received it, the escrow platform releases the NFT to the buyer’s wallet.

This enables the buyer to track authenticity and ensure they are the legitimate owner.

QuadraByte builds pure transactional solutions since businesses can use blockchain for auditing transaction data. In one instance, it designed a solution for a healthcare client and integrated it into their billing and EHR systems to track all of their healthcare claims. When a patient visits a doctor and pays out-of-pocket expenses, the remaining expenses to be covered by insurers are saved on the blockchain. This enables an insurance company to quickly audit the claim by cross-verifying the provided service. More importantly, the solution reduces insurance fraud as data is irrevocable in the blockchain.

The solutions QuadraByte designs for decentralized applications (dApp) allow businesses to take payments through crypto instead of credit card or cash. It built a solution for a rewards program for businesses, where a consumer can sign up for the program to utilize their services. For example, consumers get rewards every time they visit a restaurant, make a purchase, or meet the restaurant's criteria for rewards, like a referral program. Stored on the blockchain, these transactions enable merchants to track rewards and ensure users receive the correct ones. In essence, businesses can easily integrate direct selling with a referral program.

We empower organizations to break down data silos so they can analyze their data, build trust in their data, and take action on their data

“We empower organizations to break down data silos so they can analyze their data, build trust in their data, and take action on their data,” says Steelman.

In addition, QuadraByte has built solutions in the trading card space that show how trading, football, and baseball cards are passed from one person to another and track the valuation of the trading and grading of the card. While it puts many customers on a public blockchain and encrypts the data to maintain data privacy, it also sets up a private blockchain by deploying Ethereum nodes to their intranet.

Rigorous Processes for Better Outcomes

Through a rigorous pre-sales process, QuadraByte understands the business problems clients aim to address to propose a relevant solution. The team spends significant time educating them on the benefits of blockchain and helps them understand that the application goes beyond NFTs. After clients agree on using it as a solution to solve their problems, a project plan is devised with a date for it to go live.

This architecting phase is all about formulating a plan by determining aspects like the complexity and size of the project.QuadraByte then architects a strategy for clients to automatically feed data to the blockchain.

At the end of the build phase, clients sign off on the plan, signaling QuadraByte to start development, which takes place in multiple sprints. It conducts testing at the end of each sprint and then moves to user acceptance testing. Ultimately, it tests a user acceptance platform that behaves exactly as it would work in production when the customer logs in.

The user acceptance testing phase helps QuadraByte identify and incorporate any necessary improvements or changes. Once user acceptance testing is signed off, a go-live plan is created to launch the solution in the client’s production environment.

Though QuadraByte offers technical and support services after the solution’s successful deployment and remains available at all times, it believes in making clients independent and self-sufficient through knowledge transfer. It aims to liberate and empower them by following a fourpronged path to conclude a project.

”We offer many solutions specific to blockchain. This includes tokenomics to help customers develop tokens for trading in crypto and decentralized applications or marketplaces for supporting businesses in driving maximum value from blockchain”

First, customers take over when the project is completed and can return to QuadraByte if needed. However, before handing over the control to clients, it follows an organizational change management path and spends a few weeks on its post-project deployment. This is called the success phase, where QuadraByte’s developers work with the client’s internal developers for knowledge transfer to empower them to independently maintain the solution.

Following this phase, QuadraByte signs a one-year contract with clients for a maintenance plan and delivers complete technical support, from fixing bugs to bringing clients back online. Finally, customers can directly go into the next phases of the project. For instance, QuadraByte launched phase I, which is in production with ten features. But if the client wants to add 20 more features, it works for them to do so.

In essence, QuadraByte’s team of developers, designers, project managers, and business analysts ensure proper integration of blockchain solutions into a client’s existing systems with a user-friendly interface. Through customer satisfaction surveys every three months, it tracks client satisfaction levels for its services, solutions, pricing model, user acceptance testing, and implementation.

A leader in the Intelligence Economy, QuadraByte continues to deliver customized and enterprise-grade solutions by combining technological expertise, targeted domain experience, and a center of excellence to achieve maximum ROI.