Blockchain is ready for business

Everyone is talking about blockchain. Businesses are benefiting from the use of blockchain in healthcare, supply chain, and many other industries. It has the potential to bring trust and transparency to interactions across business and societies. But it can be hard to know where to start. Our blockchain specialists can help.

Businesses are benefiting from the use of blockchain

Blockchain is one of the most exciting technologies to emerge in years. The possibilities are incredible, the use cases are everywhere and they reach across multiple sectors. The word ‘disruption’ is overused but in the case of blockchain the hype is justified. Blockchain is the real deal.

Blockchain technology may have emerged from cryptocurrencies and migrated to financial services, but today it’s disrupting business models all over the world, from supply chain to retail and healthcare. Blockchain is a great enabling technology that can solve problems affecting all organisations. How? By providing transparency, security and trust in transactions.

What is blockchain?

Blockchain is complicated. But you don’t need to understand how blockchain works or the details of consensus algorithms or private versus permissioned blockchains. What matters is that we do. Because it doesn’t start with the technology. It starts with a business need.

We can explain the business case for blockchain solutions without any jargon. Our blockchain team have been doing it for years. Recognising the incredible opportunities. Avoiding the pitfalls. Cutting through the hype.

We’ve worked on blockchain projects on payments, smart contracts, supply chain, distributed ledger technology (DLT) security and assurance, and digital identity.

And because we are technology agnostic, we aren’t tied to one platform or one supplier. It’s about finding the right solution for you.

Is blockchain right for your next challenge? We can help you be sure. We will work with you to structure the idea, validate the concept, develop the business case and bring your idea to life.

The blockchain platforms we’ve helped build are live. This is not proof of concept. We’ve helped clients deliver blockchain success on an enterprise scale.

Whether you’ve got a specific project in mind or you’re simply exploring the potential of blockchain, talk to us.

How our blockchain specialists can help you

Is blockchain the solution to your business challenge? Could it be the key to the big idea that moves your business to the next level?

We follow a four-step process. We assess your needs and determine whether blockchain technology can add value. Then we collaborate with you on a plan to meet those goals. We’ll be with you on the implementation journey to turn your plan into reality. And finally, we’ll be there after project delivery to support business change.

Do the situations below apply to your organisation? If your answer is ‘yes’ for four or more, blockchain could be an effective solution for you.

 wireless red

1. Multiple parties share data

Multiple participants need views of common information.

 decisions red

2. Multiple parties update data

Multiple participants take actions that change the data and need to be recorded.

 trust red

3. Requirement for verification

Participants need to trust that the actions that are recorded are valid.

 strategy red

4. Intermediaries add complexity

The removal of intermediaries can reduce cost and complexity.

 time red

5. Interactions are time sensitive

Reducing interaction delays has business benefits.

 share red

6. Transactions interact

Transactions created by different participants depend on each other.

Our blockchain solutions

Smart Credentials

Smart Credentials is our very own blockchain-powered platform for delivering trusted, secure and tamper-proof credentials in real time. Our credentials act as a record of our achievements, but we don’t carry them with us all the time. And how do we prove they are the genuine article to new employers? Blockchain gives us the opportunity to reduce exposure to fraud and give individuals more control over their personal data, bringing greater transparency and trust to the credential verification process. Smart Credentials lets educational institutions and professional bodies issue verified, secure and trusted credentials. It also allows individuals to share and revoke access to that data. And organisations can check professional data quickly and with confidence.

Contact Chris Clements

Find out more

Blockchain technology case studies

Fantastec

Fantastec SWAP’s innovative approach is an increasingly creative experience, which combines the appeal of social networking, unique collectibles, dynamic player stats, exclusive video content and rare player autographs into a single game app. Through its digital platform, both fans and players are able to securely trade unique and special content, on global networks they can create underpinned by blockchain technology. We worked with Fantastec over 24 months to build out the SWAP product from an initial proof of concept through to production and its launch in early 2019.

Contact Stephanie Maher

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Contact us

Steve Davies

Steve Davies

Partner, Global Blockchain Leader, PwC United Kingdom

Tel: +44 (0)7590 352408

Samarjit  Singh

Samarjit Singh

Global Blockchain Driver, PwC United Kingdom

Tel: +44 (0)7711 562368

Stephanie Maher

Stephanie Maher

Senior Development Manager, Consulting - Technology, PwC United Kingdom

Tel: +44 (0)7843 332956

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