Challenge
Financial players today need to choose between platform- and business model-based approaches to understand, explore, and eventually adopt blockchain technology. A platform approach requires multiple validation cycles, which increases the time required. On the other hand, a business-model-first approach risks longer conceptualization cycles, due to lack of timely feedback.
TCS Solution
TCS’ Integrated Blockchain offerings enables financial firms to explore and exploit blockchain potential.
The offering is based on a set of core guiding principles, with a ‘reference’ implementation.
A sponsorship model offers controlled onboarding of member participants and defines governance mechanisms.
Trusted and verified processing nodes, instead of public nodes, ensure solution integrity.
A distributed flat ledger with digitally signed information with controlled role-based access to the ledgers ensures privacy of information.
A simple, ready-to-use version of the platform is available for use. A number of PoCs across the business domains of value transfer, information registry, and digital notary have been built on the platform. Alternative platforms, based on bank’s preferences, are also supported.
Benefits
- Articulate blockchain strategy/roadmap
- Validate and develop relevant use case details tailored for the bank
- Leverage blockchain architecture framework and checklists as accelerators
- Conduct PoCs/pilots on a simple, ready-to-use platform
- Leverage partnerships and hands-on experience with market platforms
- Implement projects with enterprise integration
