Imagine being able to transfer value or prevent contractual disputes over the Internet — without going through a third party. Confidently. Securely. Almost instantly. This is the promise of blockchain based technology. The implications are so profound that its implementation could revolutionize business practices as we know them.

PwC sees enormous potential for blockchain in Financial Services and has developed the strategic and implementation capabilities necessary to help financial institutions, technology companies, and start-ups 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 your blockchain initiatives forward.

“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

PwC’s Blockchain Service Offerings Overview

Research & Knowledge Services

How can my team and I learn more about blockchain?

Real-time subscription-based platform-driven blockchain content and insights.

PwC Approach:
PwC’s DeNovo Platform delivers proprietary blockchain content, insights, and research as well as access to a dedicated team of subject matter experts.

What PwC Delivers:

  • Ability to review real-time blockchain content and analysis developed and maintained by more than 50 subject matter experts, a dedicated team of research analysts, and contributions from over 2,000 members of PwC’s financial services practice around the globe.
  • Ability to obtain actionable insights from a synthesis of over 40,000 public and proprietary data sources.

Leadership workshops with management teams centered on identifying disruptive blockchain actions.

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

What PwC Delivers:

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

Marketplace Strategy

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

Assessment of existing front to back operating and IT models as well as external landscape to address best uses of blockchain and establish Proof of Value case.

PwC Approach:
PwC analyzes both existing front to back operating models and the external landscape in order to address the best uses of blockchain within an organization.

What PwC Delivers:

  • Internal analysis and assessment of opportunities
        o Existing platform analysis
        o Change portfolio assessment
        o Product optimization
        o Internal case for change
  • External analysis covering market and competition
        o Marketplace assessment, including partner/acquisition analysis, and industry
           wide case for change
        o Blockchain solutions provider assessment
  • Recommendations along with an execution roadmap

Product focused market analysis, pricing strategy and roadmap to develop a comprehensive go-to-market strategy.

PwC Approach:
PwC provides product development insights and delivers a comprehensive go-to-market strategy.

What PwC Delivers:

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

Assessment of how blockchain will affect the organization’s ability to maintain regulatory compliance and manage operational and financial risk.

PwC Approach:
PwC’s assessment leverages leading experts and proprietary views to analyze the operational risk and regulatory ramifications of blockchain to an organization.

What PwC Delivers:

  • A clear picture of how blockchain adoption, whether internally or by outside parties, will affect your organization from an operational risk perspective.
  • Implications of pending and emerging regulatory standards on your operating model and technology initiatives.

Organizational Readiness

What is the impact of blockchain on my organization?

Launch of an initial blockchain-based solution that demonstrates technical viability while measuring the business impact.

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

What PwC Delivers:

  • Functional and technical scoping
  • Assessment of vendor solutions
  • Rapid prototyping, including end to end build support
  • Case for change measurement
  • Path to implementation plan

Focused on organizational and governance design, operational business process design, functional/ technical architecture design, and intellectual property considerations.

PwC Approach:
PwC will develop a proposed model that will encompass all aspects of a future state market infrastructure across organization/governance, end to end business process, and platform capabilities.

What PwC Delivers:

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

Execution Support

How do I implement a blockchain solution?

Management of complex blockchain implementation covering solution development, testing and implementation, PMO support, and third party vendor integration.

PwC Approach:
PwC brings deep and 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
  • Management of third party implementation partners
  • Rigorous PMO and proactive management of overall efforts

Blythe Masters: Is blockchain secure?

Blockchain is the strongest form of security the electronic world has to offer today. CEO of Digital Asset Holdings, Blythe Masters, talks about how financial institutions can build a trustable, shared infrastructure to revolutionize their business.

Blythe Masters: Should you invest in blockchain and why?

CEO of Digital Asset Holdings, Blythe Masters, discusses the benefits of blockchain technology and the resources financial institutions should be devoting to it.

Blockchain: Will it change your life?

Can the costs associated with financial processing be alleviated? CEO of Digital Asset Holdings, Blythe Masters, discusses how.

Blockchain: A financial conveyor belt concept

What are the chances of obtaining consistently perfect information all the way up the chain? Blockchain technology allows firms to transfer value or prevent contractual disputes confidently, securely and almost instantly.

PwC’s thought leadership: Ideas that spark action

Q&A: What might blockchain mean for the mortgage industry?
Jun 2016
How might blockchain change the mortgage industry, and what can financial institutions do to understand it and adapt?

Why are blockchains important?
Mar 2016
Instead of involving lots of humans in the transaction pipeline and paper processes that take days, weeks, or months to complete, huge volumes of transactions could be validated automatically with the help of blockchain-style forms of consensus. Other more complicated transactions that still require humans could at least be simplified with the help of mathematical validation.

How smart contracts automate digital business
Mar 2016
The greatest promise for blockchain-enabled smart contracts is with intricate forms of agent-managed peer-to-peer automation—a highly efficient Internet of Things empowered by an Internet and web of agents, smart transactions, and contracts.

Private blockchains, public, or both?
Mar 2016
By the 2020s, many enterprises outside banking and financial services may well have adopted private blockchains for various digital business flows. The evolution of bitcoin’s public blockchain will usher in resilient, ubiquitous online marketplaces that won’t need intermediaries at all.

A strategist's guide to blockchain

A strategist's guide to blockchain
Jan 2016
The distributed ledger technology that started with bitcoin is rapidly becoming a crowdsourced system for all types of verification. Could it replace notary publics, manual vote recounts, and the way banks manage transactions?

Q&A: What’s next for blockchain in 2016?

Q&A: What’s next for blockchain in 2016?
Jan 2016
Blockchain may result in a radically different future for financial services. We see three trends to focus on in 2016.

Q&A: What is blockchain?
Jan 2016
How can blockchain improve the business processes that occur between companies, radically altering the “cost of trust"?