Is your organization "blockchain ready"?
Digital Risk Innovation
Cyber Security, identity, blockchain, ethics
protect your reputation as you embark on your digital journey
consulting for financial services, health, and supply chain industries
To learn more about the benefits of this customised report for your organisation, call for a
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The Blockchain Company Readiness Assessment
The Blockchain Assessment will help you answer the following questions:
The Blockchain Assessment includes a key stakeholder workshop, executive level interviews, and a summary report with actual use cases you can investigate further.
Blockchain, also known as distributed ledger technology, promises to disrupt industries from financial services to supply chain. While many agree on this, few can describe what blockchain does, and how a company should respond.
In a nutshell, blockchain technology provides the ability for two co-operating, but not necessarily trusting parties, to know with a high level of certainty that the data sets each of them hold are identical, without relying on a third party certifier (or holder of a central source of truth).
If that sounds underwhelming, think about the ability to achieve non-repudiation in cross jurisdictional situations at relatively low cost.
When you consider that the "data sets" can be programs, this opens the way to "smart contracts", programs that can be reliably run in multiple locations to produce the same result under the same circumstances.
If the data can be held in the public domain, then public blockchains (such as bitcoin) can be applied. Where for privacy or business confidentiality reasons the data needs to be kept secret, then private point-to-point arrangements can be used.
While the technology is still in its development phase, applications in financial services, health care (including pharmaceuticals) and supply chain appear very promising.
"We have modified our environment so radically that we must now modify ourselves in order to exist in this new environment."
Norbert Wiener, 1954, The Human Use of Human Beings