BLOCKCHAIN SOLUTION DEVELOPMENT PROCESS


We believe that Blockchain solutions are built on the ‘power of we’ - substantially different from the way other conventional technologies work. Our basic thumb rule is to identify a ‘shift of trust’ and a reduced ’counterparty risk’ before getting onto an implementation.

Using this thumb rule, along with our experience of deploying cross-industry Blockchain solutions, we created a development process for all our assignments.

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STEP

1

USE-CASE IDENTIFICATION

Blockchain brings value in environments where stakeholding, intermediary involvement and un-trusted nature of transactions result in inefficient processes. Using our past experience and regular research, we work towards identifying a use-case where blockchain can add value to business.


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STEP

2

BLOCKCHAIN/DLT FRAMEWORK DECISION

For each use-case, the next step is to freeze the blockchain / distributed ledger technology framework like Ethereum, HyperLedger, Corda etc for developing a POC/MVP. This also includes taking decisions on type of implementation amongst private, permissioned and public blockchain.


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STEP

3

PROOF OF CONCEPT | MVP DEVELOPMENT

Proof of Concept generally includes a solution document that showcases the system architecture to be built on blockchain framework. Post the POC, MVP development is a crucial and laborious stage where maximum time is spent behind the scenes to develop a working product.


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STEP

4

API INTEGRATIONS & AUDIT

Blockchain solutions rarely exist without interacting with off-chain existing systems in which API integrations play a major role. For getting off-chain data into the blockchain and vice-versa, API integrations are required followed by audits to ensure compliance with industry standards.


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STEP

5

PRODUCTION LEVEL DEPLOYMENT

Post API integration, audits and legal compliances, the solution gets ready for testing trials and then de ployment in production environment.