Description
Distributed ledger technology (DLT) is set to boost global trade by USD 1 trillion within the next 10 years (WEF, 2018), and spending on DLT solutions will rise to nearly USD 15.9 billion by 2023 (IDC, 2019). This indicates that companies and public institutions have come to realise the importance and positive impact that this technology can have on their business operations. Blockchain technology, as a subset of DLT, allows for the recordation of every event or transaction within a system, which data can be subsequently shared among all participants in a secure, practically immutable, and irrevocable way, thus alleviating the negative effects of information asymmetry, single point of failures, and fragmentation.
The evolution of blockchain technology in both the public and private sectors has come a long way. From providing mere components that might support and enhance traditional systems and processes, such as cryptography, distributed computing and peer-to-peer networking, various stakeholders are now looking further in the attempt for holistic blockchain-based implementations. This included the integration with complementary technologies such as Internet of Things (IoT) and artificial intelligence (AI). Companies that ignore the potential that this technology has to offer risk becoming uncompetitive. Blockchain-based solutions have already been implemented to address various challenges with traditional systems. These include land registry, public procurement, supply chain
management, customer loyalty programs and customer identity management, amongst others.
Features
We provide comprehensive project management, development and implementation services related to the use of blockchain in practical business applications. Our implementation experience follows tried and tested systems wherein, we make it a point to understand your specific business requirements first and foremost. Our experience spans multiple industries and includes various live blockchain implementations, proof of concepts and pilot projects worldwide. Industry sectors include
finance, telecommunications, manufacturing, supply-chain, energy and more. We make use of a large pool of technology experts with a vast range of expertise, in order to deliver solutions that address your business needs.
Blockchain platforms can be customized taking into account your company’s specific operating environment. From truly open to hybrid or closed systems, dependent on the regulatory environment and other restrictions a specific industry may face, the options for implementation are flexible, and can either have a minor or radical impact on your business model.
Our service offering includes:
-
Advisory services regarding suitable technical solutions to tackle inefficiencies within existing systems and achieving competitive advantage
-
Development of blockchain solutions based on existing blockchain infrastructure
-
Development of proprietary blockchain platforms
-
Adaptation of an existing blockchain solution to your business needs
-
Project managing the whole lifecycle starting from requirements gathering up to user acceptance testing
Benefits
While different projects aim to focus on the different advantageous aspects of blockchain technology, such as transparency, decentralisation, privacy, traceability or harmonisation, we ensure that each solution will always have a direct impact on business performance. By working together with you to understand your strategic goals, our blockchain solutions bring about various positive impacts on the business, such as streamlined processes, improved transparency and traceability and increased customer retention thus resulting in improved business performance and growth.
