Federal Blockchain

A new model for transparency and immutability

Blockchain, or distributed ledger technology (DLT), provides a decentralized record of data which is shared and synchronized with all of its participating members. This rapidly emerging technology allows data to be agreed upon, stored and updated in near real time on a cryptographically secured distributed ledger. It also enables the data to be accessed transparently by numerous authorized participants.

The financial services industry has been at the forefront of launching blockchain proofs of concept (POCs), and CGI has partnered with leading financial institutions, along with government agencies and FinTechs, to develop successful blockchain POCs that address challenges in trade finance and money transfer.

Now, the federal government is showing keen interest in blockchain’s benefits, such as security, immutability availability and transparency. Agencies are eager to evaluate and test blockchain’s relevance to a variety of use cases that will improve transparency, efficiency and trust in information sharing.

CGI’s consulting services provide the experience agencies need to investigate how blockchain could benefit them, and include:

  • Innovate – aids clients in defining new business models, identifying use cases and prioritizing potential use cases where blockchain may provide the highest value
  • Experiment – designing and implementing proofs of concept, and defining anticipated value (implementation plans, architecture, KPIs, etc.)
  • Generalize – providing support for change, implementing pilot projects and charting the path to operationalization

Contact us for more information on how blockchain can be relevant to your agency.