Blockchain is a native digital technology that is setting up the financial-services industry, along with others, for significant disruption - or crucial transformation, depending on which side of the table you look at it from.
The Blockchain Lab is designed to help institutions understand and harness the potential of the technology. With a bouquet of ready-to-use industry-standard development tools, a select set of relevant proof of concept (PoC) / demo applications, and a curated collection of best-practice templates to adopt, any institution can have its OWN Blockchain Innovation Lab in a matter of days. These resources are carefully selected to ensure relevancy, aid with understanding the potential of the technology, and help the organization and its team understand, develop and evolve applicable use-cases.
The Blockchain Lab is hosted in the cloud and includes:
Custom Blockchain-based applications can be designed, architected, developed and hosted within the lab.
A lab can serve as a digital center of excellence, to help an organization explore the emerging technology, forge alliances and accelerate innovation.
It can be a stand-alone lab or become an integral part of an accelerator / innovation center.
While most blockchain applications are still in their early days, distinct categories of use cases have begun to emerge, with numerous projects now moving beyond the ‘concept/idea’ phase. Blockchain use cases are often exciting to explore and research, however it is important to also understand the gap between the potential and tangibility of implementation.
Setting up a Blockchain Lab can help an institution quickly understand, explore and leverage Blockchain technology to transform an entire industry and lead in this new digital paradigm.
A Blockchain Lab is one great way for any organization to get started with Distributed Ledger Technology. It serves as a rallying point, bringing together diverse teams from multiple business units as well as partners to collaborate on use cases around the emerging technology.