While trust is the cornerstone of the digital economy, blockchain is erasing industry boundaries thanks to secure and cost-effective smart contracts. These automated self-executing computer programs eliminate the possibility of downtime, censorship, fraud or any third-party interference. As this technology matures, it allows creating secure storage and running transactions for various types of assets in the legal sector, real estate, intellectual property and more. So, businesses are now actively investing in blockchain to leverage its speed to market and the broad range of business applications.
Blockchain technology is gaining attention in various sectors now. For forward-thinking companies, some low-level investments are evolving into potential full-fledged solutions. Big enterprise businesses are starting to actively roll-out their blockchain trials and pilots. In 2017, British Petroleum (BP) started experimenting with blockchain to facilitate oil and gas trading as they explore its “practical and ethical” implications for transactions verification. The same year, the Bank of England added another of many blockchain solutions to its growing accelerator program.
Despite its promise, blockchain is not without its constraints and associated risks, and it will not succeed without relevant technical expertise. To make the most out of blockchain technology, you need a very clear vision of blockchain as a practical solution, a comprehensive strategy and a right expertise in place.
The breadth of knowledge and understanding that ELEKS has within its walls allows us to leverage that expertise to make superior deliverables for our customers. When you work with ELEKS, you are working with the top 1% of the aptitude and engineering excellence of the whole country.
Right from the start, we really liked ELEKS’ commitment and engagement. They came to us with their best people to try to understand our context, our business idea, and developed the first prototype with us. They were very professional and very customer oriented. I think, without ELEKS it probably would not have been possible to have such a successful product in such a short period of time.
ELEKS has been involved in the development of a number of our consumer-facing websites and mobile applications that allow our customers to easily track their shipments, get the information they need as well as stay in touch with us. We’ve appreciated the level of ELEKS’ expertise, responsiveness and attention to details.