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.
Book NowModule 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. |
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| 1.2 | Understand smart contract fundamentals. |
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| 1.3 | Identify business challenges and smart contract benefits. |
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| 1.4 | Create executive buy-in presentation. |
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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. |
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| 2.2 | Select a business process. |
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| 2.3 | Identify phases, actors, events, and transactions. |
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| 2.4 | Create the smart contract logic diagram. |
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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. |
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| 3.2 | Create a smart contract use-case summary diagram. |
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| 3.3 | Complete smart contract use-case deliverable. |
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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. |
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| 4.2 | Create action plan. |
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