Blockchain

Strategic approach to overcome challenges of blockchain adoption and net infinite value. With its ability to enforce business rules, remove intermediaries, and automate trust, blockchain is poised to enable the internet of value. The innovations it enables can be divided into three categories:

• Efficiency: Improve productivity
• Transformation: Lead to a quantum jump in outcome
• Disruptive: Enable new business models

Blockchain has the potential to transform industry structures and drive large-scale shifts in the business model of organizations. To realize this potential and overcome the challenges in adoption, it is essential to take a strategic approach, instead of a piece-meal one.

Identifies foundational blockchain initiatives, prioritizes innovation opportunities, and develops business value.

Challenge

There are many barriers to the adoption of blockchain – ranging from limited awareness and success stories beyond small-scale pilots to evolving regulatory structure and standards for performance, security, and privacy. Most importantly, the need to create ecosystems leads to challenges and barriers to the adoption of the technology.

Solution

We recommend a comprehensive strategic approach to understand mindsets, determine stakeholder context, and uncover strategically relevant possibilities for innovation. TCS Blockchain Embark is designed to help you identify the most relevant innovation opportunities that will create value for your organization, and avoid potential disruptive threats. It comprises of immersion and ideation of Design thinking-led ideation programs, involving:

• Portfolio development: Identification and prioritization of innovation opportunities,
• Experimentation: Accelerated PoV solution development

Benefits

• Create a portfolio of potential innovations based on business impact and complexity of change
• Understand the implications of these innovations for your business model
  Experience concept applications through rapid PoCs
• Experimentation: Accelerated PoV solution development

Enables value-driven solutions, explores ecosystem business model, and reduces risk and lead time to achieve tangible business results.

Challenge

Organizations need to experience the business value of potential blockchain innovation opportunities before they move toward building full-scale solutions. Given the wide range of innovation possibilities with blockchain and its rapid evolution, organizations need to develop MVP and pilot applications that help them to evaluate technology fitment, and understand the potential business value of such applications.

Solution

Blockchain Design presents an innovative program, which leads to tangible developments. It comprises:

• Use-case design
• Solution design
• Development of Minimum viable product (MVP) and/or pilot

Benefits

Develop an MVP to pave the way towards a full-scale solution
Explore ecosystem business models in a controlled environment
Reduce the lead time to experience business benefits and understand risks associated with adopting solutions