Blockchain

Don’t miss out on the next generation of technology

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Our Offerings

AANNEX helps companies to critically examine the value of blockchain to their business and ensures business and technical success of distributed ledger projects.Blockchain creates trust and transparency regarding data and can be used in an array of compelling applications.

Blockchain is a potent and versatile technology that is only starting to live up to its billing. Best known for its use in cryptocurrency, blockchain—a distributed database that fosters trust and lowers transaction costs—has the potential to change how organizations operate. Already, the technology is used in a variety of businessand public-sector applications, such as tracking and tracing items in supply chains, automating customs clearances, and facilitating financial transactions. And many more applications await development.

The challenge for organizations is threefold: understanding the technology, determining how blockchain can be molded to create value, and developing an approach that captures value early on, to fund the journey.

 

Blockchain Technology is built on a Foundation of Four Key Elements:

  • Distributed ledger and peer to peer network:

    Blocks of data are chained together that blockchain is replicated on different nodes of a network ensuring resilience and transparency.

  • Digital Signatures and hash functions:

    Strong encryption and antitampering measures that data cannot be retroactively altered and fosters trust.

  • Consensus algorithms:

    A Consensus mechanism authenticates the underlying data, eliminating the need for intermediaries (such as brokers and Banks) ina transaction.

  • Smart contracts:

    Under certain circumstances, software code is triggered to executive contractual obligations(such as an asset transfer) automatically.

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Consulting on AANNEX approaches & analysis of goals and objectives

Advising on technology options and current technical landscape.

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  • Blockchain workshops

    Bringing clients’ ideas to life by organizing workshops to intensively experiment with available blockchain technologies and tools.

  • Building new products and services

    From ideation and prototyping to MVP and finished products.

  • Distributed and decentralized applications

    Building trusted trading solutions and distributed applications through comprehensive analysis and proven development methodologies and frameworks.

  • Integration services

    Solutions for seamless integration of blockchain products into existing business processes. Integration with enterprise applications and platforms ranging from cloud technologies and AIML providers to exchanges.

AANNEX Approach to Blockchain

By removing intermediaries, automating processes, and creating trust and transparency when it comes to shared data, blockchain unlocks value. Capturing that value requires business model innovation, operational efficiency, risk management  and social impact. The possibilities are boundless—but before organizations can seize them, they need to answer some key questions:

 

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  • Should we create our own blockchain solution or work with existing solutions or players?

  • If we build our own solution, will it require an ecosystem of other participants to succeed? If so, how do we ensure that enough value is shared to make the journey self-funding for everyone?

  • How do we build and launch our solution? Specifically: What technology stack is needed? What features are critical to creating scale? How do we go to market?

These are not easy questions, especially when the technology itself is complex—and unfamiliar ground for many leaders in business and the public sector.

We do so by distilling that journey into a unique and proven four-step process:

1. Blockchain Workshop

Participants take a closer look at the most promising opportunities and the best ways to engage in a blockchain strategy. We help organizations identify, prioritize, and evaluate potential use cases based on business value, risk, and difficulty. We also evaluate different approaches to execution: building in-house, leveraging third-party solutions, and joining existing consortia. Strategy teams and business unit leaders work together to develop an economic model and then an implementation plan for each major use case.

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2. Innovation Sprints

Participants take a closer look at the most promising opportunities and the best ways to engage in a blockchain strategy. We help organizations identify, prioritize, and evaluate potential use cases based on business value, risk, and difficulty. We also evaluate different approaches to execution: building in-house, leveraging third-party solutions, and joining existing consortia. Strategy teams and business unit leaders work together to develop an economic model and then an implementation plan for each major use case.

3. Development of a Blockchain Proof of Concept

The third phase tests and demonstrates the feasibility of a blockchain-based approach. We help organizations identify and evaluate the implementation platform and architecture best suited to the chosen use case (or cases). Business unit leaders develop a blockchain concept that is tested for its market fit, likely customer acceptance, and competitive viability. Teams engage in rapid iterations—combining early customer testing with market research—to build solutions and pilot them quickly.

4. Blockchain Commercialization

We work with business unit leaders to develop a blockchain solution, a detailed execution and ecosystem development strategy, and a rollout implementation plan and timeline. Our solution, though comprehensive, is an MVP—minimum viable product—version that is intended for rapid deployment, testing, and adjustment. We also adjust to fit the organization’s overall strategy, provide robust go-to-market capabilities, and assist with customer onboarding and pricing.

5. Modernizing and re-engineering legacy systems

Re-engineering legacy systems for efficiency gains, increased speed, and better outcomes. Ensuring painless transition, minimizing business disruption, and reducing risk.

Blockchain Across Industries

Our cross-industry expertise allows us to deliver high-quality blockchain solutions in complex and independent enterprise environments.

Insurance

Insurance

Improve underwriting accuracy, reduce administrative costs, streamline operations, and prevent fraud.

Financial Services

Financial Services

Simplify complex intermediary functions in the industry.

Retail and Logistics

Retail and Logistics

Bring trust, simplicity, and transparency to processes.

Travel and Hospitality

Travel and Hospitality

Make the transportation environment safe and secure, speed-up transactions, and improve customer satisfaction.

Healthcare and Life Sciences

Healthcare and Life Sciences

Improve quality of care and eliminate costly administrative inefficiencies.

Media and Entertainment

Media and Entertainment

Disrupt current revenue and digital supply chain models.

IGaming

IGaming

Bring security, fairness, and trust to the online gaming industry.

Blockchain In the Cloud

Blockchain In the Cloud

Wecollaborate with the main cloud providers to implement blockchain solutions in cloud environments.

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