Verae and Evercycle Join Forces to Transform IT Asset Management with Blockchain

In an exciting development for the IT asset management (ITAM) industry, Verae, a promising startup co-founded by Dr. Stuart Haber, known for his pivotal role in blockchain innovations, has announced a partnership with Evercycle, a leader in ITAM innovation. This collaboration aims to integrate Verae’s advanced blockchain technology into the Evercycle platform, enhancing data integrity, accountability, and transparency across IT asset management activities.

Enhancing IT Lifecycle Management

Evercycle provides a comprehensive IT device lifecycle management platform that emphasizes automation, security, and sustainability. Their focus on end-to-end automation ensures that clients can efficiently manage various processes, including device deployment, recovery, repair, refurbishment, redeployment, and final asset disposition. The company prioritizes transparency and traceability, helping businesses navigate the complex landscape of IT asset management effortlessly.

The integration of Verae's blockchain technology stands to bolster these capabilities significantly. Verae’s innovative DataCubes™ framework is designed to secure the integrity of digital records, promoting trust and transparency within digital ecosystems. By embedding this technology into the Evercycle platform, organizations can create an auditable and immutable history for each device throughout its lifecycle – from inception to disposal.

A Seamless Transition to Blockchain

This partnership is particularly noteworthy because it allows businesses to leverage blockchain technology without the need for new system implementations or changes to existing processes. With the pressing need for organizations to comply with sustainability and data security regulations, the partnership provides a straightforward solution. ITAM professionals, risk and compliance teams, and auditors will now have access to a comprehensive asset history that enhances data integrity and simplifies compliance measures.

Evercycle's CEO, Nate Poynter, emphasized the significance of integrating blockchain into IT asset management as a means to establish trust on a larger scale. He noted that the industry has traditionally faced challenges associated with fragmented systems and unverifiable records. By collaborating with Verae, Evercycle aims to create a more secure, portable, and independently verifiable set of asset data that strengthens the entire ITAM landscape.

Addressing Industry Challenges

Today's businesses are facing mounting pressure to manage significant volumes of hardware while meeting regulatory expectations related to sustainability and data security. With the partnership between Verae and Evercycle, there is a renewed focus on creating transparent systems that enhance the recoverability and reuse of IT assets. This advancement in technology equips enterprises with the tools necessary to navigate the complex demands of modern IT asset management while upholding principles of sustainability and compliance.

James Garfinkel, CEO of Verae, stated, “Establishing a world where every piece of data is verifiable is crucial in supporting the circular economy.” This partnership is not just trialing innovations; it's about laying the groundwork for trust in asset management practices.

As this collaboration unfolds, it is poised to revolutionize how organizations approach IT asset management, infusing it with the verifiable transparency that blockchain technology offers. Companies will benefit from enhanced operational efficiency, better compliance tracking, and the reassurance that their asset history is secure and transparent.

For more information about this groundbreaking partnership and the implications for IT asset management, visit Evercycle and Verae.