Blockchain

Reimagine your business for a decentralised world

The technology most likely to change the next decade of business is not the social web, big data, the cloud, robotics, or even artificial intelligence. It’s the blockchain, the technology behind digital currencies like Bitcoin. – Harvard Business Review

Blockchain is a digital data storage mechanism where each record (transaction / event) is time stamped (chronological) in a secure way (hashed) and clubbed together (blocks) with a reference to the previous block (eg: merkle tree) thus forming a chain of blocks.

A network of such blocks spread across incentivised nodes (miners) have a way to share/ transmit (eg: whisper protocol) data and reach consensus (Proof of Work, Proof of Stake etc) without a centralised book keeper / institution.
This is Distributed Ledger Technology (DLT). This ecosystem forms the foundation of a purely de-centralised peer-peer economy without intermediaries such as Banks, Governments, Hosting Solutions, Payment gateways, Ubers, Airbnbs etc.

We have a platform agnostic view towards blockchain be it permissionless (ethereum, bitcoin) or permissioned (Hyperledger). We are here to help you demystify blockchain and how it can be used in your industry.

Benefits of availing blockchain services from Heptagon

  • Technical Experts with in depth knowledge of the ethereum, bitcoin and hyperledger based blockchain frameworks.
  • Business model & economic experts: We understand blockchain business models aren’t evolved yet but a good place to look would be co-operatives with the right incentive mechanisms which require deeper understanding of game-theory and other microeconomic concepts.
  • Stakeholder management: Blockchain is a new paradigm that requires a new way of thinking and system dynamics is a good framework to rely on to look at complex issues from a systems perspective and managing multiple stakeholders through non-profit consortiums or for-profit transactional wallets.

Our Approach

We understand that the blockchain technology is new and may not suite all business functions. We collaborate with you to tailor make this solution for your business needs rather than being mesmerised by the technology jargons.

Train

train

We start with a one day workshop on blockchain & major crypto currencies with analogies and a dive into the deep technicals

Analyze

Analyze

The workshop ends with a 3 day home work on the impact areas of blockchain / decentralised public ledger within your business

Research

Research

This is the key phase where we decide the type of blockchain, the mining and distributed consensus algorithms and chart the way forward. A draft whitepaper is prepared

Build

Build

With comments and thoughts from the community we start building the UX and then technology pieces

Scale

Scale

Based on the type of blockchain chosen we start building the business pieces into it