10/17/2019 | News release | Distributed by Public on 10/17/2019 00:46
From financial services to healthcare, energy to automotive, leveraging B2B platforms to digitize business networks is unlocking value across business ecosystems. Referred to as the 'Platform Economy' by the World Economic Forum, this megatrend is estimated to deliver a staggering €10 trillion of social and economic value over the next 10 years.
At the heart of these digital B2B platforms lies one important factor - trust.
While blockchain technology promises to transform B2B platforms into 'trusted business networks,' distributed ledger technology (DLT) protocols - such as Corda created by R3 - is set to play a major role in building these business networks across financial services' and corporate ecosystems.
But let me remain very clear about this promise. There's only so much technology can do. From design to build and operate, the journey to a scalable B2B platform enabled by blockchain is far more complex than a pure technology play.
To be successful, a B2B platform initiative needs to master the six following dimensions:
As a first step of any B2B relationship, it is probably in the heavily regulated area of onboarding that the need for digital B2B platforms is the most pressing. The two main onboarding processes are Know Your Customer (KYC) for financial institutions and Know Your Supplier (KYS) for corporates. We are currently focusing on both of them to deliver value to our customers through a trusted data exchange platform.
To learn how Capgemini's leverages blockchain to deliver secure and reliable B2B platforms for our clients, contact: [email protected]
Join Capgemini at R3's annual conference - CordaCon 2019 - on October 23-24 in London, where we will be presenting our flagship blockchain product build on Corda that provides a trusted data exchange platform for KYC processes.
Read more about how blockchain is having far reaching implications across sectors.
Damien de Chillaz leads the development of blockchain and DLT business opportunities at Capgemini, with an objective to orchestrate the design, build, and run of a number of significant distributed platforms.