2 min read • viewpoint

Blockchain technology

Clarifying the hype and demystifying the impact

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What to expect?

In this series:

  1. Blockchain = Technology: Brief explanation of what blockchain is
  2. Paradigm shift: Analysis of the feasible changes dues to blockchain features
  3. Strategic impact: Three areas of blockchain impact of business
  4. Use cases today: Materializing potential with blockchain already today
  5. 4-step blockchain readiness? Four questions to identify blockchain potential

Arthur D.Little contribution

  • Clarifying the strategic impact for businesses/in the commercial context
  • Evaluate company & industry potential
  • Define use cases and deployment plan to realize (in line with business targets)
  • Navigate ecosystem for own industry and "hot-tech" to watch in blockchain

 

What to expect ?

Arthus D.Little recommendations

  • Blockchain management worksshops; Discussing logic behind and value of blockchain
  • Technology radar for identifying new technical developments and commercial blockchain technology solutions
  • Evaluation of company-wide blockchain technology strategy
  • Due diligence of technical blockchain solutions and partners
  • Creating awareness of potential and risks

 

What to expect ?

Arthur D.Little recommendations 

  • Definition of company-specific blockchain benefits and technology mix
  • Unbiased understanding of industryspecific pros and cons
  • Definition of a company-specific setup:
    • Technological solution
    • Steering & governance
    • Incentive systems
    • Security & scalability

 

What to expect?

Arthur D. Little recommendations ?

  • In-depth development and analysis of blockchain scenarios for your organization
  • Analysis of strategic and operational impact of blockchain
  • Design of business processes maximizing the benefit of blockchain
  • Evaluation of blockchain technology architecture to support business needs
  • Development of deployment roadmap for scaling blockchain activities

 

What to expect?

Arthur D. Little recommendations

  • Outside-in perspective on relevant use cases for blockchain
  • Definition of company-specific use cases
  • Overview and visibility of the blockchain developments/ ecosystem for your industry
  • Commercial and technical evaluation for use cases

 

What to expect?

Arthur D. Little recommendations

  • Use cases & best practice across industries and from peers
  • Completion of/support for “relevance analysis” of blockchain technology for your situation
  • Impact analysis of application of blockchain technology for your business area and functions (i.e., quantitative and qualitative)
  • Identification of blockchain use cases for your organization (e.g., processes, operations, business models, etc.)
  • Blockchain training for management to detect blockchain potential early

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