CA summary
Our proposal is a feasibility study that will specifically focus on the use of blockchain for companies that want to remove intermediaries from their value chain and which will allow them to better serve their customers, cut prices and engage their partners.
The resultant whitepaper will set out any gaps in capability between the blockchain capability and business use cases and how they can be resolved.
The whitepaper will be driven by the needs of the use case companies that are already on our client list.
------------------------------------------------------------------------------------------------------
It is incredibly exciting when technology reveals itself in solutions to problems that businesses were aware of but had no feasible solution to.
Now is one of those moments.
The first step is understand the gap between the capability of technology and the need of ‘business’, and to then close it.
This proposal is one of three feasibility studies that will research real world business use cases in the context of Cardano blockchain capability. Each will result in a blueprint for the steps for blockchain developers to deliver the business needs towards a future proof of concept MVP.
The related proposals are:
Real world smart contract use - https://cardano.ideascale.com/c/idea/400948
Our proposal is to undertake a feasibility study that will produce a whitepaper that will succinctly describe how the Cardano blockchain can facilitate the removal of intermediaries from a company’s value chain.
We expect the whitepaper to produce a blueprint that will be used to create applications that will deliver on this specific use case.
The use case
The use cases that we will reference are supplies by three large UK farming groups and the head of agriculture for a global commercial bank, each of whom are existing clients, and from access to industry associations such as the National Farmers’ Union.
Retailers recognise the value to be captured and shared between themselves and consumers by the removal of the monopolistic retailers from the value chain. ‘Farm to gate’ will lower prices for consumers.
The constraint
There is desire in the use case company to embrace blockchain technology aligned with a clear business case. How the Cardano blockchain can enable the removal of intermediaries from the company’s value chain is not clear.
The solution
Our proposal is a feasibility study that will investigate how the business process needs can be translated into technical process descriptions that can then be assessed by Cardano blockchain developers. Where a gap in need and capability exists, the resultant whitepaper will describe the technical development steps needed to provide the technical capability of the Cardano blockchain to the food and beverage sector of the economy.
The solution that we propose will present a pathway that describes a meaningful real world business use case that has clear impact.
It will achieve this by:
• Understanding the gaps between technical capability of Cardano blockchain to remove intermediaries and real world business needs and how the gaps can be closed.
• Presenting the solution described as a configurable product that can be employed by companies that operate in a value chain that has significant and costly intermediaries.
The solution will:
• Describe a product that supports a business solution
• Increase the number of companies proposing and being exposed to Cardano solutions
• Provide the platform to facilitate the removal of intermediaries
The solution will be communicated through our existing business client community.
• Challenge – identify key technical partners to assist in describing the gap between capability and deliver of the blockchain based solution/s. We will work with technical developers within the Cardano ecosystem.
o Mitigation – Engage with the Catalyst co-ordination team to identify appropriate partners
• Challenge – Describing the solution that delivers the outcomes required by the business use case in terms that will lead to a coherent scope of work for the development phase of the project in the future
o We will partner with developers to learn what technical development needs to occur to technically deliver the solution, and how to describe it in a scope of work