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Elisabeth Stahl on Benchmarking and IT Optimization

A Journey to Blockchain

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So you’ve heard about blockchain, know you want to get started with it, would really like to reduce costs, risk and process time. What are some of the keys to a successful adoption of blockchain?

In many cases work with blockchain starts as an experiment. A first test should be a relatively easy one – for example, a digital thank you for employees. That success can lead to pursuing a few Use Cases such as Payments, Fraud, Tracking, etc. It is critical to partner with a close distributor, business partner, supplier, friend, who will work with you. IBM did exactly this with our IBM Global Financing adoption of blockchain to reduce disputes — Lenovo was an initial partner.

Proof of Concepts and Use Cases are key to the blockchain journey. The best Use Cases are ones that are not too easy but not too hard. A purely internal use case is almost useless. You want a first Use Case that contains only a few nodes but that will create a large enough ROI to demonstrate a successful business case.

A cultural shift is a large part of the process, using the 80-20 rule: 80% shift of business processes and 20% technologies. I always say that the technology is the easier part; governance is harder.

That’s why it is beneficial to create a “Center of Excellence” to focus on blockchain:
1) To get your hands dirty
2) To explore Use Cases
3) To create a dedicated team and management

Challenges in the journey may include:
* Platform selection
* Lack of enterprise standards
* Lack of licensing models standards
* Management of organizations
* Quantitative validations of business cases
* Lack of skills

IBM Client Centers can assist with all of these challenges to make it a smooth journey. From taking advantage of the open source aspects of the Hyperledger Fabric and IBM Blockchain implementation to helping you choose the right Use Cases to architecting your applications.

So get going now on the journey to blockchain !

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The postings on this site solely reflect the personal views of the author and do not necessarily represent the views, positions, strategies or opinions of IBM or IBM management.

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Written by benchmarkingblog

April 17, 2017 at 12:01 pm

Posted in Blockchain, Uncategorized

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