Blockchain is a repository system that stores and registers data in such a way that numerous companies and individuals can reliably have real-time access to the same data while minimising security, privacy, and control concerns.
Blockchain’s capacity brings up entirely new perspectives on how to alter processes, drive robustness across complex mechanisms like supply chains, facilitate trust, authenticate people's and objects' digital identities, and develop new income models.
1. Understanding the Technology
2. Determining how to get the most value out of the technology
3. Determining the potential shortcomings of the technology in the long run
4. Determining the ROI of the project
1. Distributed shared data over peer-to-peer (P2P) networks reduces single points of failure
2. Consensus-driven trust cuts out the middle-man
3. Immutable transactions ensure trust
4. Hashing-based data ensures integrity and security
5. Automated smart contracts promote touchless interactions across process chains
6. Permissioned and permissionless flavours give enterprise users flexibility
Questions we help the top executives answer –
1. What is the right time to implement the technology?
2. Should you develop proprietary technology or outsource?
3. How will stakeholders interact with the new system?
4. How to train employees on the existing system?
1. Trust and Transparency
2. Efficiency
3. Security and Privacy
4. Visibility and Traceability
5. Immutability
6. Individual Control of Data
7. Tokenization
8. Innovation
1. Smart Contracts
2. Supply Chain Audit
3. Value Transfer
4. Records Management
5. Privacy and Consent
6. Internet of Things (IOT)
7. Innovation
