Blockchain Labs Crafting Innovation Centers to help institutions harness the potential of Blockchain technology. The document discusses how Blockchain Worx provides ready-to-use Blockchain Innovation Labs that allow organizations to explore the technology through tools, smart contracts, and demo applications. Their 5-step methodology helps organizations understand Blockchain and develop innovative solutions through a hands-on lab approach. Blockchain Worx has successfully deployed Blockchain Innovation Centers for multiple institutions.

1. Blockchain Labs Crafting Innovation Centers to help institutions
harness the potential of Blockchain technology
A hands-on approach to Blockchain technology
Ready to use, out-of-the-box solution
Tools, smart contracts, PoC demo apps

2. www.BlockchainWorx.com
2
Blockchain is a native digital technology that is setting up multiple industries for significant disruption — or crucial transformation,
depending which side of the table you look at it from
How a blockchain works
ImmutableCryptographically
Secure
Blockchain
Consensus
driven
Open source
value transfer
protocol
Distributed
P2P network
Secure
math-based
system
Decentralized
The first electronic value transfer protocol
A wants to send
money to B
The transaction is
represented online
as a `block’
The block is broadcast to
every party in the network
Those in the network approve
the transaction is valid
The block that can be
added to the chain, which
provides an indelible and
transparent record of
transactions
The money moves
from A to B
1 2 3 4 5 6
Key features of Blockchain technology
Blockchain technology aptly lends itself to the digital transformation
program of an enterprise, or even an entire sector, as a whole
The blockchain, a cryptographic ledger comprising of a digital log of transactions shared across a public or
private network, can address many of the pitfalls of existing ageing systems

3. www.BlockchainWorx.com
3 Blockchain can be a powerful tool anywhere trading occurs, trust
is at a premium and people need protection from identity theft
Blockchains have potential to radically change the future of transaction and records based industries
Blockchain is a native digital technology that is setting up the financial-services industry (along with others) for significant disruption
— or crucial transformation, depending which side of the table you look at it from
Image: Adapted from Citi research, Strategy+Business,
Financial intermediaries (Today)
• Requires trusted, centralised intermediaries
• Batch clearing and settlement
• Higher fees and costly infrastructure
Clearing House
(centralised ledger)
Financial Network
(distributed ledger)
Blockchain protocol (Emerging)
• No intermediaries required
• Faster processing and management
• Lower fees and reduced infrastructure cost

4. www.BlockchainWorx.com
4 While most blockchain applications are still in their early days,
distinct categories of use cases have begun to emerge
Blockchain use cases are often exciting to explore and research, however it’s important to also understand the gap between the
potential and tangibility of implementation.
… with numerous projects now moving beyond the ‘concept/idea’ phase
Image: Peter Bergstorm

5. www.BlockchainWorx.com
5 Setting up a Blockchain Innovation Center is one great way to
get started with Distributed Ledger Technology
The lab can also server as a rallying point, bringing together diverse sets of teams from multiple business as well as technology units
to collaborate on use cases around Blockchain
A lab can help an organization to explore the technology, forge alliances and accelerate digital
innovation

6. www.BlockchainWorx.com
6 Blockchain Worx’s ready-to-use Lab allows institutions to quickly
understand and harness the potential of the technology
Designed as an out-of-the-box solution, any enterprise can have its own Blockchain Innovation Lab in a matter of days
With a bouquet of tools and a select set of relevant PoC demo applications, organizations can
rapidly get started on their journey
Simple, secure and easy
to access
Digital wallets
Token-enabled
Blockchain Networks
Private permissioned
Smart Contracts
Customize and deploy
Administrative tools
For ease of management
Multiple IDE’s
For multiple Blockchain technologies
Demo Applications
Sector relevant PoC’s
Cloud Hosted
Access anywhere, anytime
Integrated w/ STO platform
Quickly extendible

7. www.BlockchainWorx.com
7 A well-defined dashboard provides a comprehensive overview
and acts as a launch pad for the tools and PoC applications
Hosted in the cloud, the platform is accessible anywhere, anytime via a web browser
The PoC / demo applications are carefully selected to ensure relevancy, aid with understanding the
potential of the technology and help evolve applicable use cases

8. www.BlockchainWorx.com
8 The Result: A Blockchain Lab for institutions to understand and
harness the potential of Distributed Ledger Technology
Leveraging Blockchain technology, startups and established institutions, both have a unique opportunity to transform entire industries
and lead in this new digital paradigm
Blockchain tools, IDE’s and
smart contracts
PoC demo apps to help evolve
relevant, applicable use cases
Cloud hosted and ready-to-go in
a couple of weeks
A hands-on approach to
understanding Blockchain
technology

9. www.BlockchainWorx.com
9 A 5-Step Methodology to harness the potential of Blockchain
technology within and beyond the enterprise
A structured approach will help organizations to explore possibilities, experiment with the technology, and develop innovative
blockchain-based solutions quickly, in a cost effective way
- Get a high-level
understanding of
the technology.
- Study and
evaluate impact.
- Secure exec
sponsorship.
1
- Pull together a
Working Group (incl
Partners)
- Set up a Lab incl. a
team and the reqd.
tech infrastructure
- Get hands on
2
- Identify potential
use cases
- Validate fitment (in
overall strategy)
- Score and
prioritize use cases.
- Outline roadmap
3
- Launch design
and development.
- Build
Prototypes.
- Test Use Cases
4
- Evaluate
Prototypes and
pick Leaders
- Move to
Mainstream
Deployment (in a
phased pproach).
5
 Perform a comprehensive assessment of opportunities from a business, technology, and the legal standpoint of using
blockchain technology
 Set up a lab. Start small. Begin with select processes that could be showcased to a wider audience to highlight benefits
and prime adoption.
 Evaluate. Invest in technology and expertise related to blockchain. Secure alignment. Press for industry-wide change.
 Collaborate and work together to design solutions for specific use cases and processes. Form consortia and work with
regulators early in the process.

10. www.BlockchainWorx.com
10 BCW has deployed a Blockchain Innovation Center for multiple
institutions including an EU-regulated stock exchange
To learn more, drop us a line or reach us via any of the channels below:
+65 96536243
+971 569503252
@blockchainworx
info@blockchainworx.com
www.blockchainworx.com
Reach Us