IT multinational Fujitsu has launched a new service to help companies assess whether their blockchain-related business ideas could bring value.
Japanese IT giant Fujitsu launched on Tuesday a blockchain consultancy service that would help companies assess whether their blockchain ideas and concepts are worthy of consideration. Under the new “framework,” companies would be able to build their distributed ledger-based Minimum Viable Product (MVP) in only five days or analyze their existing blockchain projects to reduce the risk of potential failures.
Pricing for the service starts at 9,900 euro. Fujitsu experts will work together with business clients to co-create new blockchain-based ideas to determine and prove whether certain processes could be implemented on a larger scale. This process, labeled as Proof of Business (PoB), has to come much earlier than a Proof of Concept (PoC) approach to reduce many of the common errors made by businesses in relation to the emerging technology.
Chris Pilling, lead architect at Fujitsu’s Blockchain Innovation Centre (BIC), told the tech publication the Register that the companies had been making this mistake on a regular basis.
“They set off in the wrong direction by focusing on the technology. They spend time and money on seeing if the technology works. We’re pushing the proof of business so we work with customers to ask what the business case is.”
Fujitsu’s “framework” is based on the Hyperledger Fabric technology. Clients can build and validate the potential of a distributed ledger technology (DLT) concept by testing its capabilities in a business environment. The MVP application can be pushed to several customers to get feedback.
Pilling said that another mistake businesses make is that they had been trying to explore how existent processes could be moved on blockchain without touching and breaking them.
“It’s completely the other way around. They need to start with a blank piece of paper,” he noted.
The new service was developed by Frederik de Breuck, the head of the BIC in Brussels. The targeted clients are firms that lack money or personnel to conduct their own blockchain development tasks.
According to de Breuck, the service is currently available in Europe, Middle East, India, and Africa (EMEIA).
Last month, Fujitsu launched cloud-based Blockchain Asset Service to stimulate regional commerce.