While 2017 was the year the world jumped on the blockchain bandwagon, we began investing in the technology way back in 2014. Since then, we’ve built several real-world blockchain solutions for our clients. We will help you drive implementation of blockchain in your chosen industry by ideating on and developing high-impact use cases. With our Blockchain Center of Excellence, you can leverage learnings from cutting-edge experiments that we’re running, and become a thought leader in the blockchain space.
While Bitcoin has kept everyone busy, we’ve been exploring alternate protocols. We’re betting big on Hyperledger, and have done a lot of active work with the tech. Ethereum-based smart contracts have also been an integral part of our blockchain work. Of late, we’ve been investing additional time in tech such as Nebulas, a public blockchain aimed at continuous improvement.
We’ve always been great at identifying and investing on cutting-edge tech. Blockchain is the most recent in a long list of such investments. Besides, our management team has a background of 20+ years architecting, building and deploying world-class tech solutions for companies such as Google, Cisco, Microsoft and Ericsson.
We have a pre-built blockchain development framework that you can use to accelerate development. You can perform research & development in-house in our CoE, and get the opportunity to meet and partner with leading technologists to bring world-class, enterprise-grade blockchain applications to your organization.
Leverage the power of blockchain for disruptive enterprise use cases. We will help you understand which of your business processes this technology is relevant for. Build your own private or public blockchain.
Create digital tokens to raise funds for your business, either with Colored Coins or Ethereum. Every transaction is recorded on a blockchain, providing full transparency and eliminating the need for a third party.
Hyperledger is a suite of open-source projects that lets you create permission-based blockchains. We will help you build distributed solutions for Healthcare, Finance, etc. on Hyperledger.
We will create secure smart contracts to automate enforcement in RootStock and Ethereum. We will also audit existing smart contracts for Security flaws, misbehavior and inefficiency.
Create your own cryptocurrency or altcoin. Or, set up your own white-label bitcoin exchange. From order matching to integrated wallets and liquidity, we will build it for you from scratch, and a super secure wallet to boot.
Experiments are ongoing at our CoE to understand the value that blockchain can bring to various businesses. Some of the areas we’re focussing on include:
This market is ripe for disruption. One of the use cases we’re exploring is creating an audit trail on blockchain, for transparent audits.
We help investment banks catalyze middle and backoffice functions using quick, efficient and secure transactions on blockchain.
Blockchain can permanently record product history, from manufacture to sale. This could dramatically reduce time delays, associated costs, and human error.
Blockchain can help remove the friction in commerce by providing a common chain of information, visibility and sharing across vendors and purchasers.
Blockchain technology by itself is easy enough to implement. The trick is in finding the right use cases.
Recruitment is an entrenched industry that could use some disrputing, and blockchain is the perfect technology to do it with. A transparent network of potential candidates, with peer-to-peer, incentivized transactions (in this case, referrals or endorsements) can benefit companies immensely.
Blockchain can be used to share information in a variety of use cases. For example, to share credit information between different banks using the same documentation, to avoid multiple loan requests.
Build a comprehensive supply chain on blockchain, to monitor the entire process in one place. Decentralized documents allow seamless interaction and deep insights into the supply chain for better decision-making.
We believe that many of the blockchain-driven products in the market today are textbook examples of over-engineering. During the course of our experiments, we’ve nailed down a few use cases for blockchain that truly have the potential to disrupt industries. We present some of our findings below:
Companies can leverage blockchain to make recruitment easier for recruiters and candidates alike. All recruitment firms have a pool of candidates. Blockchain technology can be used to create a network for these candidates, with all their data – resumes, skillsets, experience, etc. uploaded on the blockchain, making it persistent. This makes background verification far easier. This technology also means that candidates can be incentivized for referrals, endorsements, etc. using cryptocurrency.
For Sales and Marketing professionals the world over, LinkedIn is a centralized, dominant source of information about prospects – Where they work, their professional interest, etc. In this whitepaper, we propose an alternative, decentralized ledger that contains company and employee data. Sales, Marketing and other professionals interested in gathering data of this kind can sign up, and then members of the blockchain are incentivized for submitting and verifying data, and for endorsing other members.
At Ideas2IT, we learn every day. From product engineering to data science, from blockchain to chatbots, our experts discuss driving forces at the intersection of tech and business. We look at business through the lens of technology, and break down how cutting-edge tech will alter the way companies in various industries operate. These are some of our learnings from working with businesses and helping them adopt blockchain for various use cases.
Let us know which of our services you’re interested in, and our team will get back to you shortly!
We love tech, and we love innovation. If you do as well, get in touch! We’d love to partner with you.
Working at Ideas2IT is unlike any other company. You not only work on cutting-edge tech, you also get tailored feedback and guidance to achieve your career goals.