The Blockchain / distributed ledger technology (DLT) phenomenon has sparked a rush of innovation activity within the financial services sector, with firms eager to understand and prove their Blockchain capabilities. Many service organisations have rushed to release their Blockchain service or to introduce a Blockchain model into legacy processes to prove their capability. The industry is beginning to understand the many potential use-cases for DLT, and the potential benefits they may hold.
There is a clear need for a verified framework that can assist the rapid selection and scrutiny of Blockchain ideas, and the subsequent prototyping of those deemed to be successful. With such a fast-paced yet complex field, combining both technology and business processes, there can be significant challenges to getting a successful project off the ground. At GFT we have addressed this by creating a lean incubator to develop these ideas quickly, failing fast those ideas that will not succeed.