Blockchain

Blockchain (Distributed Ledger Technology) is transforming the way we do business. Blockchain was originally designed to process transactions without the need for a central bank or intermediary, using complex algorithms and consensus among its peer-to-peer network. In the past couple of years, most businesses have been betting big on blockchain to provide a reliable alternative to systems that depend on intermediaries and third-party validation of transactions. Their goal is to leverage distributed ledger technology to create a system that decentralizes trust to significantly reduce all types of transaction fees along with shorter processing timelines.

Governments, world’s largest financial institutions, Insurance companies, Healthcare organizations and most organizations in need of transaction integrity are investing in proof-of-concept projects internally, using trial and error deployments within limited parameters to create efficiencies. In GGK’s view, the key considerations and approach should be:

• Identify opportunities for innovation
• Determining feasibility and impact on legacy systems
• Testing proof of concept
• Understanding the regulatory and data security implications
• Dissecting the blockchain implementation: open vs. permission
• Planning for transaction scalability
• Forming partnerships and cross-functional and cross-industry collaboration

We assist companies to explore and develop solutions based on Blockchain technology, our service offerings include:

• Consulting and Advisory
• Technology Selection
• Blockchain Application Development
• Wallet
• Hyper Ledger
• Solution Validation
• Smart Contracts

Reach out to us today for a free Blockchain consultation by our senior Blockchain subject matter expert, who can help you understand the use cases relevant to your industry.