Experts suggest if Blockchain technology was used to manage transactions and accounts, frauds like Vijay Mallya and Nirav Modi could have been prevented or detected at an early stage and the money recovered partially, if not entirely. In the recent years, many exponential financial frauds surfaced in public and private…Read More
Our Blockchain consulting services help companies identify specific business challenges where Blockchain Technology can be leveraged to solve these challenges. We also help access the utility and returns on Blockchain investment.Talk To An Expert
Our Blockchain consulting
process comprises of following stages
Determining Blockchain Adeptness And Understanding The Present Processes
Before even thinking about implementing Blockchain solution, it is essential that top management and the senior managers should acquire the correct know how about this technology. Next, it is important to understand the internal processes of the organization on which the whole system is based.
Arriving At Mutual Understanding
This stage involves a lot of brainstorming meetings with the top management to determine the understanding of the Blockchain technology they have and discuss the potential loopholes/improvement areas in the present processes which can be addressed through Blockchain solution. Through a mutual understanding, it can be decided whether implementing Blockchain would help the organization or not, and if it will, then to what extent.
Initiating Solution Designing
Next stage is to develop a comprehensive and defined framework of the proposed solution. The framework would define how the physical information would be converted into digital information and stored on Blockchain, how different stakeholders would be able to interact with the Blockchain & what would be authorities assigned to them, and the platform/devices required for successful implementation.
Demonstration of POC (Proof of Concept) & Full-Scale Production
The demonstration of POC should prove how the solutions would satisfy the key objectives it was designed for. After successful demonstration of the concept, full-scale production of the solution is initiated. The solutions developed would cover all the processes and would be expected to perform as mutually agreed in Stage 3.