Blockchain

W H E N T R U S T L I E S I N T E C H N O L O G Y

Blockchain technology for your business

Benefits

Blockchain services

SECURITY COST REDUCTION IMPARTIALITY

Blockchain technology is designed for the exchange of information and transactions between two or more participants through 100% secure and irreversible coding. A centralised middleman is not required to identify and certify the information being exchanged, rather this information is distributed among a number of independent Blockchain network participants (nodes) who each record and validate the information without the need for trust between each other. Each participant has an exact copy of the information, which allows them to carry out transactions that are traceable and cannot be forged.

Blockchain’s potential stretches beyond its obvious impact on the banking and financial sector and industries such as insurance, energy, construction and pharmaceuticals, etc. are effectively applying this technology, which will change our way of understanding business and society.

Grant Thornton's technological and business experience means we can provide our clients a differentiating, innovative service. We offer a comprehensive solution in Blockchain technology services: from conception and strategic design to production and implementation. Our specialist technical, legal and strategic consultants help our clients fully integrate the technology into their business, generating differential added-value from the very beginning.

Certifies the immutability of information

Strategy

Development and implementation

Training

From proof of concept to full implementation

Cryptocurrencies

Technical analysis of Smart Contracts

Information is exchanged from one point to another without

intermediaries

Transactions are neutral and transparent thanks to decentralisation

We advise on the integration of technological tools in business processes. We perform studies and draw up strategic plans and PMOs for transversal Blockchain implementation.

Development of DAPPs (decentralised applications) having completed the PoC (proof of concept) and MVP (minimum viable product) processes ready for production.

We provide a wide range of services including: advice on investment strategies for cryptoassets, applications for automating fund ledgers, drafting reports on the impact of cryptocurrencies in different industries, advice on the management of cryptoassets and real-time appraisal of cryptocurrencies, design of custom software solutions for the transfer, safekeeping and protection of cryptocurrencies.

Technical analysis of Smart Contracts code in ICO (Initial Coin Offering) financing operations and for cryptoasset management, custody and transaction companies.

We identify the most suitable business model for our clients. We analyse, assess and validate usage from technical, legal and business viewpoints.

We deliver training sessions so that Blockchain technology is implemented and learnt correctly across all corporate areas.

Traditional system vs. BlockchainTraditional System Blockchain System

Comprehensive solutionRolling out Blockchain across a business requires comprehensive advice not only in terms of technology, but also from a legal, strategic and industry viewpoint.

At Grant Thornton, our multidisciplinary team analyses, researches and develops each project taking the following key areas into consideration.

At Grant Thornton we are constantly analysing new technical ideas to remain at the fore of developments in Blockchain technology. We set up and take part in the most important alliances and consortia in the market:

Credentials• MVP (Minimum Viable Product) Blockchain in Production

for one of the 3 largest banks in Spain. Application to improve services for large international companies.

• Digital Identity. KYC/AML process optimisation. PoC for one of the 3 largest insurance companies in Spain.

• PoC for the construction industry: BIM + Blockchain link for PI management, liability and payments. R&D Construction & Blockchain Consortium.

• PoC for the pharmaceutical sector to prevent the medicines from being falsified.

Strategic alliances

• Founders and experts in CK-GT Blockchain, the first Blockchain Consortium in Spain which encompasses more than 33% of the Spanish banking sector.

• Co-founders of Alastria, the first multi-sector Blockchain consortium worldwide.

• International competency centre for Blockchain practice at Grant Thornton.

• Members of the ISO standardisation committee on good practices in Blockchain developments (UNE).

• Sponsors of the first Blockchain Chair and promoters of the incubator of this technology at Universidad Autónoma de Madrid.

• Blockchain architecture

• PoC, MVP, Pre-Production

• Front-end GUI

• Tokenomics

• Smart Contracts

• Industry-specific regulation

• KYC/AML

• LOPD

• GDPR

• Tax

• PSD II

• Technical analysis of code

• Definition of business models

• ST, MT and LT strategy

Technological Development

Legal Advice

Strategic Advice

• Banking

• Insurance

• Energy

• Health/Pharma

Industry focus• Car industry

• Telecommunications

• Construction

• Sports

© 2018 Grant Thornton S.L.P. - All rights reserved. “Grant Thornton” refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton S.L.P is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. This publication has been prepared only as a guide.

Contact

Our firm provides consultancy, outsourcing, audit, tax, legal and

financial advisory services to world-class clients in Spain and abroad.

Spain

50,000people

+130countries

+700offices

Luis PastorPartner, Head of BlockchainIT Consulting and InnovationLuis.Pastor@es.gt.comT. +34 91 576 39 99M. +34 638 184 482

Adrian WhiteInternational Blockchain InitiativesIT Consulting and InnovationAdrian.White@es.gt.comT. +34 91 576 39 99M. +34 659 639 467