With how quickly technology has improved over the last two decades, the digital space has also transformed into ecosystems, requiring businesses to strengthen their data management. However, the task is easier said than done, and for all the experts and collectives that promise to solve such problems, only a few are able to deliver. Vincilium is a company that strives to quell their client’s endeavors through their products tailor-made for such a task, built on the Distributed Ledger Technology or DLT.
Vincilium offers end-to-end DLT platforms and services that were designed to transform business ecosystems into frictionless Enterprise Shared Ledger, enabling consistent data flow, data storage, and data reconciliation. The company was established under Rohit Sehgal’s vision of transforming business ecosystems to solve the growing problem of data management.
“We believe that data does not belong to just one platform, and neither is it fully relevant to the whole organization. Data belongs to the business ecosystem,” said the founder.
Before establishing Vincilium, Rohit Sehgal spent 15 years of his career in Citibank, building enterprise products. During that time, he accumulated the knowledge that would help establish his company. Rohit was later joined by former Citibank technologists who realized the potential of leveraging the power of blockchain technology to solve data management issues. Majority of the data strategies in large organizations are missing effective data governance and lineage. Vincilium strives to fill the gap by utilizing blockchain-based product implementations.
Vincilium prides itself with its two popular products, the BlocRecon and BlocData. BlocRecon is its flagship product, which is utilized for data reconciliation. It was designed with a data-first approach owing to the company’s recognition of how data is the most valuable asset that modern organizations have, requiring proper handling. The platform creates a distributed ledger of immutable, fully traceable, and reconciled information, making it the holy grail of data governance.
BlocData is built with collaboration as the core principle to solve reference and master data management problems, collect data directly from its originators, and distribute it across the organization in real time. While the task can be overwhelming, BlocData is able to perform everything with the power of blockchain technology. Internal and external data originators contribute to a single golden copy of master data record that can be reused at all stages of the process flow.
Although there are other companies in the industry working to achieve the same goals, Vincilium sets itself apart from them by its determination to go beyond its duties and transform the ecosystem of its clients through seamless integration with legacy platforms.
“Most of the time, transformation just remains a buzz word without tangible benefits, we are obsessed with generating real results while solving real problems, not just optics,” elaborated founder Rohit Sehgal.
With products and frameworks ready to be deployed, Vincilium is set to demystify, simplify, and accelerate the adoption of Blockchain technology for its clients. Although it was only founded this year, Vincilium has already seen huge traction and generated interest among leading financial institutions. With the right products focused on real world problems, Vincilium is poised to grow globally.
Learn more about Vincilium by visiting their official website.
