Cognizant recognized as an Innovator in Avasant’s Blockchain Services 2019 RadarView™ Report

Among endless service provider options, novel and disruptive mechanics in innovation brings recognition as an Innovator for Blockchain Services 2019.

Blockchain Services Innovator 2019 252x300 - Blockchain Services 2019 Cognizant RadarView™ Profile
Blockchain 2019 RV web graphic - Blockchain Services 2019 Cognizant RadarView™ Profile

Large suite of pre-built blockchain solution accelerators. Expanding partnership ecosystem. Strong in BFSI and Healthcare.

  • Innovator 2019 Blockchain Services RadarView™ Report

Avasant Analyst Insights

Practice Maturity

  • Cognizant has established its blockchain practice under its BFSI vertical at the end of 2015 and has been pragmatic about the evolution of the blockchain market. It has a centralized blockchain team delivering across all industries.
  • It leverages its broad portfolio of pre-built blockchain solution accelerators and its global technology center known as Cognizant Accelerator, which helps in the company’s development of new technologies and digital capabilities to build blockchain applications for its clients.
  • It has built deep partnerships and strategic alliances for evaluating and testing beta products, providing feedback for product enhancement and joint go-to-market. It collaborated with Chain.com to develop use cases around digital cash and loyalty programs. It also co-developed the CordaInsure platform with R3 to reduce insurance fraud cases.
  • Though it is traditionally strong in the BFSI vertical, it is expanding to other industries by developing use cases and PoCs. It has collaborated with Synaptic Alliance to explore how blockchain can address current healthcare issues.
Blockchain innovator badge 2019 - Blockchain Services 2019 Cognizant RadarView™ Profile

Investments and Innovation

  • Cognizant has significantly invested in expanding its base of solution accelerators and IPs and continues to strengthen this portfolio either by building in-house or through minority investments in emerging start-ups. Such minority investments are targeted to quickly tap into innovation opportunities in the market. Its Cognizant Accelerator is staffed by experienced start-ups and corporate folks and has developed products and platforms.
  • It has focused on capability building and augmentation through its core CoE and organic growth by internal cross-skilling. It has leveraged its partnership network for employee enablement and training.

Ecosystem Development

  • Cognizant has been active in developing informative content around blockchain through white papers, podcasts, and research studies. One of its initiatives is the blockchain adoption study in 2017 that surveyed 3,000 senior executives across the US, Europe, Canada, and APAC for their perspectives on the blockchain.
  • It has been an active member of financially focused consortia such as the Chamber of Digital Commerce and Open Standards Consortium for Real Estate (OSCRE). It is an executive member of the Chamber of Digital Commerce in 2016 and has been actively contributing to policy efforts to help shape the market of blockchain. In April 2018, it became a member of the Ethereum Enterprise Alliance (EEA).
DISCLAIMER: This graphic was published by Avasant LLC as part of a larger research document and should be evaluated in the context of the entire document. The document is available upon request from Avasant website. Avasant does not endorse any provider, product or service depicted in its research publications, including RadarViewTM, and does not advise users to select only those providers recognized in these publications. Avasant’s research publications are based on information from best available sources and Avasant’s opinion at the time of publication, and their contents should not be construed as statements of fact. Avasant disclaims all warranties, expressed or implied, with respect to this research, including and warranties of merchantability or fitness for a particular purpose.