In a world where business execution costs an arm, a leg, and a lot of data in the process, a decentralized cross-org platform seems long overdue.
Ever since our ancestors invented transnational trade, operations spiralled to become more and more complicated, requiring many partnerships with third and fourth parties that needed to be trusted. Many things have happened since the first trade network, Maritime Jade Road, that allegedly took shape in the 2000 BCE connecting the Philippines with Taiwan and later extending throughout Southeast Asia.
Come to think of it, it is not only trade that changed. As populations have increased, bringing more diversity and therefore issues, documentation of identity has also grown out of proportion. Ancient Romans and Egyptians had their fair share of building systems that would streamline business operations as well as governmental affairs. Arguably, these efforts are what eventually inspired someone like Frederick Taylor in 1911 to put together the principles of scientific management, the founding stone of what would be later known as business process management platforms.
What is a business process management (BPM) platform? A BPM platform is basically a software that provides a framework and tools for managing the tasks and workflow in a process related to people or systems. These are the main arms of a typical BPM platform:
Process builder: Designs and manages a series of linear or parallel human and machine tasks that constitute a process.
Process engine: Manages the coordination and execution of tasks.
Tools: Forms manually or integrates automatically data that is critical to the process execution.
Reporting engine: Monitors activities and performance including auditing of tasks.
Developers can build processes, and can either be part of an ongoing business process management framework or as an individual departmental project. With that being said, the BPM platform is primarily used to automate systems for consistency and easy retrieval of data. It digitizes manual processes to streamline the process through minimizing the use of flowcharts, forms, and emails.
But it’s not all sunshine and butterflies.
Pain points of traditional BPMs
Not following through certain procedures of the BPM can cost organizations serious losses of funds and other equally valuable resources, like data. BPMs are also not cheap, ranging between $30 and $100 per user per month. This money is not guaranteed to slip back into your ROI, especially with your data swimming around this heavily centralized platform.
Another pain point is the lack of innovation. BPMs are also very rigid by nature, with limited space for innovation. Over time, organizations employing BPM were not able to adapt with the times and catch up with new trends inspired by ground-breaking technologies. The reason behind this lies primarily in the unified system of process management.
Last but not least is the communication issue. Segregating workflows and processes have also been reported to be a key factor to miscommunication on BPM, which drags operations behind and creates obstacles.
If you look back on the disadvantages of BPMs you’ll find that there is one common theme connecting all the pain points together. Centralization. Envisioned and brought to life by a team that has lived through and experienced first hand the ups and downs of this system, Cros is taking BPMs and is giving it a crypto makeover. The engineers behind Cros have witnessed a world that is heavily centralized - and we’re not only talking about operations, we’re talking about urbanization, education, healthcare, and many other sectors of life. Cros is powering up a cross-organizational platform inclusive of all the benefits of business process execution systems, but enhanced with a touch of the third digital age. Cros will facilitate business process execution, redefining and thus empowering ownership, trust, and control.
Innovation is at core of the architecture of Cros, incentivizing productivity and creativity hand in hand. The economics of Cros are completely different than that of BPMs, it’s not a mere service to apply for. The network is built on a mechanism that redistributes part of Cros’ revenue generated in the native token, $CROS, that could be traded by anyone, again making the network more inclusive and therefore more profitable. Organizations on Cros will in turn benefit from both the cross-org collaboration as well as the returns brought by $CROS. This allows the community to earn value and spend it on services within the Cros ecosystem. It’s not an exaggeration when we say that it’s an entire ecosystem that is powered by its community, for its community.