Blockchain services

Imagine being able to transfer value or prevent contractual disputes over the Internet—without going through a third party. Confidently. Securely. Almost instantly. Blockchain-based technology could revolutionize business practices as we know them.

PwC sees enormous potential for blockchain in financial services. We’ve  developed the strategic and implementation capabilities necessary to help financial institutions, technology companies and startups take advantage of this transformative technology. Our global team of experienced business, technology and regulatory leaders can help you identify how blockchain can benefit your organization and how to rapidly move these initiatives forward.

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Blockchain Defined
Not sure what blockchain is? Haskell Garfinkel, US FinTech Co-lead for PwC, defines the concept with examples, including the Bitcoin protocol.

“While blockchain's potential is transformational, the landscape is nascent and developing. PwC has been a valuable advisor, both strategically and technically, as we experiment and prototype practical use cases around blockchain.”

- Emerging Technology Leader, worldwide financial services company


How can my team and I learn more about blockchain?

Research and knowledge services

DeNovo platform

DeNovo is the digital front door providing access to PwC’s expertise in emerging technologies within financial services. The online platform delivers on-demand proprietary blockchain and cryptotechnology content, insights and research, developed by a dedicated team of subject matter experts.

With DeNovo, you can:

  • Review real-time blockchain content and analysis developed and maintained by more than 60 subject matter experts, a dedicated team of research analysts, and access to PwC’s 12,000 financial services experts worldwide.
  • Get practical advice on which innovations are affecting you, how to implement a solution, and then PwC’s blockchain practice can help you implement it.

Learn more about DeNovo.

 

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Innovation Workshop

PwC gathers executives, product owners, risk and regulatory specialists, business unit leaders, startups/emerging blockchain companies and strategy influencers in small, focused management workshops to identify disruptive blockchain actions.

  • Facilitated workshops for participants to frame use cases incorporating the latest trends that address real business problems.
  • Workshop results that focus on actions needed to drive market-leading solutions.

Learn more about our Innovation Workshops.

 

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How and where can I use blockchain? Who are my partners?

Marketplace strategy

Proof of value opportunity assessment

PwC provides a comprehensive assessment of internal front-to-back operating and IT models and the external marketplace. We advise on best uses of blockchain and establish a proof of value (PoV) case for your organization.

  • Analyze your existing platform.
  • Assess your change portfolio.
  • Suggest ways to optimize your products.
  • Gauge the marketplace, which may include analyzing opportunities for partnering and acquisition and the industry wide case for change.
  • Evaluate blockchain solutions providers while recommending a roadmap for implementation.

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Product strategy assessment

PwC provides product development insights and delivers a comprehensive go-to-market strategy by assessing the following:

  • Target market
  • Client base
  • Value proposition
  • Pricing strategy

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Operational risk and readiness assessment

Drawing on information gleaned from leading experts and proprietary views, PwC analyzes how blockchain will affect your organization’s ability to maintain regulatory compliance and manage operational and financial risk.

  • Outline ramifications of blockchain, whether adopted internally or by outside parties.
  • Highlight the implications of pending and emerging regulatory standards on your operating model and technology initiatives.

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What is the impact of blockchain on my organization?

Organizational readiness

Proof of value (PoV) execution

PwC designs a customized, blockchain-based test that demonstrates both the viability of the technology while providing a mechanism to measure business impact.

  • Analyze functional and technical scoping.
  • Assess vendor solutions.
  • Develop rapid prototyping, including end to end build support.
  • Measure the case for change.
  • Forge a path for implementing blockchain.

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End-to-end operating model development

PwC proposes a model that can encompass all aspects of a future state market infrastructure across organization/governance, end to end business process and platform capabilities.

  • Operational and cross-functional/divisional impact analysis
  • Future state capabilities assessment and a detailed business process design
  • Governance design
  • Functional and technical architecture solution design
  • Intellectual property considerations

 

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How do I implement a blockchain solution?

Ultimately, any solution, no matter how prescient, is only as good as its execution. This is where PwC excels—by offering proven expertise in managing complex implementation programs from start to finish.

What PwC delivers:

  • Business and functional requirements
  • Design, development, testing and training of blockchain solutions
  • Integration and management of third party implementation partners
  • Rigorous PMO and proactive management of overall efforts

Insights

“Even firms working independently are building capabilities that they’ll use to improve interactions with others. We see a lot of nontraditional collaboration happening, too. With blockchain, it all comes down to better communication among institutions.”

Grainne McNamara Principal, Financial Services

Contact us

Haskell Garfinkel
Partner, US FinTech Co-Leader
Tel: +1 (312) 404 3792
Email

Grainne McNamara
Financial Services, Banking and Capital Markets
Tel: +1 (646) 471 5347
Email

Kevin Kroen
Partner, Financial Services Advisory
Tel: +1 (646) 471 0238
Email

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