A strategy, a framework, and an approach to harness the potential of Blockchain technology for enterprise Digital Transformation

1. Floyd DCosta
Harnessing the potential of Blockchain technology for enterprise Digital
Transformation
Digital next-gen products and services
Smart contracts for process automation
Decentralized business and financial networks

2. www.BlockchainWorx.com
2 Business is transforming and ageing enterprise platforms are inadequate and
unprepared for the fast evolving ‘digital’ world
Legacy platforms will need to be swiftly upgraded if technology is expected to effectively support the Digital Transformation goals of the business
Existing systems, based on traditional technology, are unable to keep pace with the growing volume of data, a slew of new digital
channels and the complexity of modern business transactions
Growing volumes of data driven by the wave of new digital services
Highly complex transactions involving a host of parties and requiring
detailed inter-institution collaboration
Too many system and data silos with limited integration, automation and on-
the-go visualization / analytical capability
Diminishing trust in regularly-compromised systems

3. www.BlockchainWorx.com
3
The Blockchain, a cryptographic ledger comprising a digital log of transactions shared across a public or private network, can address key pitfalls of digital transformation
programs – id, security and trust
How a blockchain works
ImmutableCryptographically
Secure
Blockchain
Consensus
driven
Open source
value transfer
protocol
Distributed
P2P network
Secure
math-based
system
Decentralized
The first electronic value transfer protocol
A wants to send
money to B
The transaction is
represented online as
a `block’ The block is broadcast to every
party in the network
Those in the network approve the
transaction is valid
The block that can be added
to the chain, which provides
an indelible and transparent
record of transactions
The money moves
from A to B
1 2 3 4 5 6
Key features of Blockchain technology
Blockchain technology, by its very nature, lends itself to the digital transformation
journey of an enterprise

4. www.BlockchainWorx.com
4 Blockchain can be a powerful tool anywhere trading occurs, trust is at a premium and
people need protection from identity theft
Source: Image adapted from Citi research, Strategy+Business,
Blockchain offers a robust distributed transaction infrastructure, well suited for collaboration within and across institutional boundaries and are especially effective in establishing
trust in a trust-less environment
Distributed ledgers have potential to radically change the future of transaction and records based industries
Financial intermediaries (Today)
• Requires trusted, centralised
intermediaries
• Batch clearing and settlement
• Higher fees and costly infrastructure
Clearing house
(centralised ledger)
Financial network
(distributed ledger)
Blockchain protocol (Emerging)
• No intermediaries required
• Faster processing and management
• Lower fees and reduced infrastructure
cost

5. www.BlockchainWorx.com
5 Institutions are experimenting and investors have poured millions of dollars into
Blockchain related firms
From digital identity and asset tokenization to using smart contracts to automate business processes, Blockchain technology is swiftly
establishing itself as a key enabler of the emerging digital enterprise (and ‘smart’government) environment
Source: CNN Money, Coindesk, Citi Research
Large financial institutions experimenting Blockchain
Ventures
Accelerator
USD millions invested in Blockchain start-ups
Use Case /
Application
Record
BLOCKCHAINPlatform
CROSS-BORDERPAYMENTS
ESCROW&CUSTODY
SERVICES
SUPPLYCHAIN&TRADE
FINANCE
CUSTOMERACQUISITION&
LOYALTY
CURRENCY
FINANCIALSECURITIES&
TRADING
LOGISTICS&ASSET
TRACKING
INTELLECTUALPROPERTY
RIGHTS
ASSETS
REALESTATE&PROPERTY
SUPPLYCHAIN
MANAGEMENT
DIGITALRIGHTS
MANAGEMENT
INSURANCE
LEGAL
CONTRACTS
IDENTITYMANAGEMENT
FILESTORAGE&SHARING
ELECTRONICMEDICAL
RECORDS
AUDITINGANDCOMPLIANCE
DATA
INTENETOFTHINGS
VOTINGANDGOVERNANCE
SYSTEMS
COLLABORATIVEECONOMY
OTHERSTOBEDETERMINED
P2P

6. www.BlockchainWorx.com
6 Getting Started: A 4-Part Framework to get started thinking about the Blockchain
within an enterprise (or smart government) context
Blockchain, the revolutionary shared ledger technology, has now begun to acquire a new identity in the enterprise – becoming a key platform for Digital Transformation
How to think about the Blockchain
Source: Adapted from The Business Blockchain
Development Utility
Marketplace Trust
 Record Keeping, Verification, Proofs
 Custody, Rights, Titles
 Identity And Naming
 Creating / Moving Values (Assets)
 Storing Values (Cryptocurrency)
 Processing Transaction And Logic
 Creating new economies
 A work/reward system
 Sandbox for money +
business
 A New Development Environment
 Programing Money / Value
 Dealing with Ledgers Instead
Of DB’s

7. www.BlockchainWorx.com
7 A 5-Step Methodology to harness the potential of Blockchain technology within and
beyond the enterprise
A structured approach will help organizations to explore possibilities, experiment with the technology, and develop innovative blockchain-based solutions in a cost effective way
1 2 3 4 5
Select guiding principles:
 Perform a comprehensive assessment of opportunities from a business, technology, and the legal standpoint of using blockchain technology
 Set up a lab. Start small. Begin with select processes that could be showcased to a wider audience to highlight benefits
and prime adoption.
 Evaluate. Invest in technology and expertise related to blockchain. Secure alignment. Press for industry-wide change.
 Collaborate and work together to design solutions for specific use cases and processes. Form consortia and work with regulators early in the
process.
• Understand
application of
Blockchain
tech. for specific
use cases
• Secure exec
sponsorship.
• Setup a
working group
• Explore and
validate
hypothesis
• Design PoC
engagement
• Select and on-
board PoC
participants
• Kick-off
project
• Develop
prototype
application
• Test use
cases.
• Review PoC
• Evaluate
options
• Move to
mainstream
deployment (in
a phased
approach)

8. www.BlockchainWorx.com
8 4-Considerations to help move blockchain experiments from the lab and towards
mainstream deployment
Blockchain technology needs to fit into the enterprise IT fabric and be integrated with core systems and processes
Need
of the
hour
Current
State
Part of the overall
business strategy
and Digital
Transformation
Isolated, independent
experiments
Integrated with and
leverage the
extended enterprise
IT landscape
Disconnected.
Detached from core
systems
Inter-departmental,
Inter-agency, as part
of an enterprise
consortium / network
Standalone or one-off
transactions
between two
department /
enterprises
Ecosystem
collaboration
platform with
synchronous real-
time processing for
global value chains
Independent, single-
industry network
blockchains
Participation in industry consortia and engaging with regulators early in the process to collaboratively design solutions for specific use cases (especially inter-institutional ones) will
help bring the solution swiftly and more effectively to deployment

9. www.BlockchainWorx.com
9 Take The First Step: Identifying the right pilot use cases will highlight the potential of the
technology to all stakeholders
Intra-institution
Inter-institutionCollaborationSecurity
Trust
Transparency
Disinter-
mediation
Blockchains are best suited for situations where there is a
distinct need for a select set of values
A distributed transaction infrastructure, for
collaboration within and across institutional boundaries

10. www.BlockchainWorx.com
10 Learn how you can design, develop and deploy modern digital business platforms and
harness the potential of Blockchain technology for Digital Transformation
Drop us a line or reach us via any of the channels below:
Get in touch +65 96536243
+91 9320930671
@blockchainworx
info@blockchainworx.com
www.blockchainworx.com