Since the incubation of its blockchain practice 4 years ago, HCL has been supporting its blockchain projects through its established CoE, which is under its Digital and Analytics practice. HCL Blockchain team includes blockchain architects, industry and business experts, developers and technology evangelists. It has been developing blockchain solutions across all industries and has some pilot cases close to production.
HCL leverages its blockchain application platform CoTrust and operations framework for onboarding and operations known as CoTrust Console to accelerate its clients’ blockchain journey. To bring standardization in its offerings across security, use case evaluation, and MVP development, it has created 3 frameworks: SecureBlock, RACE, and Design Thinking-based MVP approach, which form key IPs in its vast portfolio of assets.
To strengthen its ecosystem in this space, HCL has partnered with universities, legal experts (for smart contracts related governance), start-ups, etc.
Started with financial services, HCL has now expanded across Healthcare, Media & Entertainment, Hi Tech and manufacturing by implementing 40+ blockchain use cases and generating 15+ MVPs. Some of its key cases are supply chain track-and-trace, invoice discounting, and decentralised KYC.
Investments and Innovation
HCL’s established blockchain CoE enables capabilities around blockchain research, development, innovation, thought leadership and training programs. It develops and refines blockchain frameworks for production-level implementations on an ongoing basisHCL Blockchain CoE has plans to integrate with other emerging technologies such as IoT, RPA and AI to attract more prospects across industries.
HCL recently partnered with AWS to make CoTrust available on the AWS marketplace. HCL has co-innovation partnership with SAP through which it made CoTrust available on SAP blockchain and also developed track-and-trace and supply chain use cases.
HCL has showcased its thought leadership in various white papers and blogs around topics like clearing and settlement, healthcare, procure to pay and more including a paperback book published around Blockchain maturity, that presents an overview of the technology to date.
As for key blockchain events and conferences, it participated in Coindesk’s annual blockchain technology summit, Consensus 2018 as well as in London Olympia 2018, which showcased the latest developments in the blockchain space.
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