Develop a Use Case for Smart Contracts

Use smart contracts to simplify and automate business processes, leading to exceptional customer experiences and new business models.

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Business processes that rely on traditional methods of transactions have many pain points:

  • Complex business processes with manual work and long settlement times.
  • Excessive fees due to middlemen and third parties.
  • Payment and contract disputes due to duplication and multiple sources.

Leveraging smart contracts in your business process can lead to multiple benefits:

  • Process automation with real-time data and increased speed of transactions and settlements.
  • Increased cost savings and direct interactions between the business and the customer.
  • Single source of truth and traceability of data, eliminating friction between parties.

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Onsite Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn’t enough, we offer low-cost onsite delivery of our Project Workshops. We take you through every phase of your project and ensure that you have a road map in place to complete your project successfully.

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Module 1: Understand Smart Contracts

The Purpose

  • Review blockchain basics.
  • Understand the fundamental concepts of smart contracts.
  • Develop smart contract use-case executive buy-in presentation.

Key Benefits Achieved

  • Understanding of blockchain basics.
  • Understanding the fundamentals of smart contracts.
  • Development of an executive buy-in presentation.

Activities: Outputs:
1.1 Review blockchain basics.
1.2 Understand smart contract fundamentals.
1.3 Identify business challenges and smart contract benefits.
1.4 Create executive buy-in presentation.
  • Executive buy-in presentation

Module 2: Smart Contract Logic Diagram

The Purpose

  • Brainstorm and select a business process to develop a smart contract use case around.
  • Generate a smart contract logic diagram.

Key Benefits Achieved

  • Selected a business process.
  • Developed a smart contract logic diagram for the selected business process.

Activities: Outputs:
2.1 Brainstorm candidate business processes.
2.2 Select a business process.
2.3 Identify phases, actors, events, and transactions.
2.4 Create the smart contract logic diagram.
  • Smart contract logic diagram

Module 3: Smart Contract Use Case

The Purpose

  • Develop smart contract use-case diagrams for each business process phase.
  • Complete a smart contract use-case deliverable.

Key Benefits Achieved

  • Smart contract use-case diagrams.
  • Smart contract use-case deliverable.

Activities: Outputs:
3.1 Build smart contract use-case diagrams for each phase of the business process.
3.2 Create a smart contract use-case summary diagram.
3.3 Complete smart contract use-case deliverable.
  • Smart contract use case

Module 4: Next Steps and Action Plan

The Purpose

  • Review workshop week and lessons learned.
  • Develop an action plan to follow through with next steps for the project.

Key Benefits Achieved

  • Reviewed workshop week with common understanding of lessons learned.
  • Completed an action plan for the project.

Activities: Outputs:
4.1 Review workshop deliverables.
4.2 Create action plan.
  • Smart contract action plan
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