HCL has taken an engineering focused approach to the blockchain space and has made strategic investments in reusable assets, platforms and accelerators to help enterprises in their blockchain journey. Two of the main assets (Co-Trust platform, which enables accelerated enterprise adoption of blockchain technologies, and Blockchain Console, which is a framework for managing end to end operations of blockchain business network) are being leveraged to develop POCs in a wide spectrum of industries.
HCL focused on the BFSI sector initially but is also developing distinctive use cases in the manufacturing (track and trace, supply chain etc.), healthcare and pharmaceuticals (provenance, serialization) and telecom (fraud detection) industries.
With the assets in place, HCL is now turning its focus on helping clients move from Proof of Concepts to Production projects by supporting the proof of value phase.
In order to continue to develop IP and reusable assets, HCL is investing in hiring and onboarding blockchain architects, developers and specialists to build its core technical team.
HCL has invested time and built up a strong partnership network in the blockchain space. They have good engagement with all the leading DLT platforms, as well as some niche platforms, and have also developed multiple use cases on different platforms. Additionally, HCL is also increasing their academia engagement.
HCL is a fairly active member of the platform consortiums and has contributed to many co-development initiatives with other members.
HCL showcases its thought leadership in key blockchain industry events and emphasizes its reusable assets, especially the Co-Trust platform. HCL has also participated in hackathons to showcase its capability for development of industry specific solutions.
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