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.

Onsite Workshop

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.

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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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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