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Blockchain triggers a disruption that resembles the development of the Internet. Blockchain could revolutionise how contracts are concluded, how bank transactions are processed, how rights (copyrights, etc.) are managed or how day books are handled.
The technology makes it possible to replace intermediaries and make processes more efficient. Its technological principle creates trust and authority. It can be used to transfer digital values of all kinds. Blockchain is therefore a serious threat to the current business models of all financial services providers. The speed and intensity of the changes in the
financial sector are meanwhile too high to be implemented by means of existing change-the-bank strategies. New competitors, new technologies, new regulations, diminishing margins and more demanding customers - there are challenges on all fronts. How can a bank permanently master these challenges using new change-the-bank strategies?
Banks need to understand their business models and value chains in detail, analyse them constantly and in a structured way for digital potential, test optimisation in the market continuously and hence optimise their product and service portfolio on an ongoing basis. We demonstrate how this works on the basis of blockchain. This approach can be applied to all changes, be it technologies such as
robot-driven process automation (RPA), but also new regulations and disruptive business models.
Strategic and operational decisions are now no longer based on fragmented and outdated information, but on a current and integrated end-to-end view of the company’s own business model and the central value chains.
Reply offers deep expertise as well as extensive practical experience in the implementation of blockchain, deep learning and RPA projects. From strategy formulation to system integration and the international roll-out, you get coordinated service packages from a single source, thus achieving the fastest possible return on investment on new technologies.
Use Reply’s expertise in the field of blockchain for different industries. Reply is ready to accelerate the introduction of blockchain technology in various industries:
Reply has a blockchain competence centre with experts ranging from strategy consultants and blockchain architects to developers. We monitor the global blockchain developments for various industries such as financial services providers, automotive, and healthcare. Reply has implemented more than
10 blockchain applications over the past 3 years, which we provide to our customers as so-called accelerators, enabling them to get productive with the subject faster. Reply is collaborating with international companies on the subject of blockchain, Deep Learning and RPA.