Prem Naraindas of DXC Technology spoke at the Blockchain Summit in Sydney. Some key points from the document include: - Blockchain initiatives require identifying business requirements and stakeholder buy-in to ensure viability beyond just installing technology. - Most blockchain proofs-of-concept remain isolated experiments and few have advanced to live production systems. - Successful blockchain projects address strategic, financial and operational concerns and create new business models rather than just focusing on technology. - Many blockchain initiatives will fail because the business case is not identified upfront or projects become misaligned between vendors and customers.

1. Name of the Speaker : Prem Naraindas
Company Name : DXC Technology
Place: Sydney
http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/

2. United States , UK , Netherlands , Denmark , Sweden , India

3. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Technology Trends 2017

4. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Where does it fit in my tech stack

5. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
How do I Re-engineer my business processes

6. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Blockchain is more than Technology

7. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Sustainable blockchain initiative is simply not
about installing a blockchain technology or
platform

8. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Blockchain Fatigue – Making sense of the chaos

9. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Use Cases

10. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Where does it fit in my tech stack

11. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Blockchain Application Architecture

12. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Components for Successful Blockchain Initiatives

13. http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Workstream for Successful Blockchain Initiatives

14. It is significantly important that the journey must start at the industry and then business strategy
to ideate a blockchain initiative.
Then, the client must build business requirements and plan for buy-in from stakeholders to
ensure a blockchain initiative's viability and free up funds to invest in a blockchain POC.
Initially, organizations should accept that a blockchain initiative can fail, even with deep industry
vertical knowledge and expertise.
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Indicative Roadmap

15. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Observations
• Early stages of developing blockchain-specific strategies and business frameworks, so
most lack the maturity to fully address strategic, financial and operational aspects of
blockchain projects.
• Lack of industry standards and platforms will require reworking of current blockchain
initiatives to be successful in a business environment
• Eighty percent of enterprise blockchain initiatives are in the banking and insurance
service industry.
• While there are hundreds of blockchain proof of concept (POC) initiatives in progress,
only a few have advanced to "live" production.
• Blockchain POC’s in Silos is not fruitful
• The focus has been more on PR and Hype
• The value derived from the blockchain initiative is not technical in nature, but is the
creation of a new business revenue generator or a model for business efficiency for the
organization.

16. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Recommendations
• Recognize and be aware of the risks that blockchain solutions are still immature and
not fully built and operational; solutions implemented today will be reworked and re-
implemented within the next one to three years, Hence, be part of a blockchain
community to keep in touch with changes in the technology and relevant issues.
• Eighty percent of blockchain initiatives will not reach live production by 2018; most will
be terminated prematurely. Nine out of 10 blockchain initiatives will fail because the
business case is not identified at the start.
• Build technical depth with a specific blockchain platform in order to scale a system
from small initial release to large-scale production.
• Blockchain projects are often misconceived and misaligned by both the vendor and the
customer.
• Business acumen and business strategy ideation capabilities are more important than
technology skills to help clients navigate through the business environment
uncertainties.

17. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
It’s a Cultural Shift

18. IT Automation Summit 2016
http://www.1point21gws.com/NFT_Summit/2017/Agile_Testing_Test_Automation_Non_Functional_Testing_Summit_Singapore/http://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/
Key Challenges to be aware of

19. World Conference Next Generation Testing 2015
Speaker Name: Prem Naraindas
Email ID: prem.Naraindas@dxc.com
Organized by: 1.21GIGA WATTS
http://1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Dubhttp://www.1point21gws.com/BlockchainSummit/2017/Blockchain_Summit_Sydney/