Blockchain

In the coming decade, organizations across multiple industries will realize the potential impact of Blockchain – DLT based solutions on business functions. This impact can be felt by blockchain-based solutions helping generate incremental revenues from business as usual processes as well as opening up new potential areas of revenue for them. Blockchain technology will also have a direct impact on reducing cost of operations, and help reduce operational inefficiencies to a large extent.

As industries around the world look at creating a better ecosystem of entities, we will see Blockchain-based services becoming more relevant and imperative for businesses going forward.

Key Imperatives of IoT Enablement

We’re helping deliver:

New blockchain based revenue streams: Business consulting in identifying and realizing newer business models and revenue streams that can be enabled by implementation of a Blockchain based environment.

Establishing a trusted ecosystem: A scalable platform that can help ease on-boarding of multiple entities in the ecosystem and maintaining data security and access by fine grained permissioning mechanisms.

Inter-platform interoperability: Experience in multiple blockchain platforms (Hyperledger Fabric, Ethereum, Quorum, Corda), across development frameworks (Node.js, Solidity, Java, Truffle), and, production environment (On-premise, AWS, MS Azure, GCP).

Accelerated implementation framework: Leveraging cross-platform, low code app development platforms to increase reusability, save cost of development and improve time to market.

Benefits of Blockchain solution

• Lesser disputes among all actors in the ecosystem
• Decentralized and distributed systems enable faster transactions and reconciliations
• Immutability allows establishment of True data provenance and builds trust in processes
• Cost reductions due to reduced dependence on standalone legacy systems, and reduced manual intervention in integrating multiple source systems
• Immutable logs and records ensure validity of all historical and current transaction , this helps in Fraud prevention and assists in regulatory compliances