Fintech & Blockchain

Embrace next-generation finance. Amplify your business opportunities.

As the struggle to improve profitability continues, innovation like blockchain could offer the financial sector a lifeline. Blockchain has the potential to transform and improve the current financial services across various financial services areas, including investment banking, lending business, insurance, real estate, and more. Its disruptive power, likened to that of the internet, spans applications – from tracking and transferring funds to post-financial settlement and smart contracts, thereby poised to bring a profound, positive change in the financial sector.

At Millennial Partners, we maneuver as your reliable enterprise blockchain consultants and developers to help global businesses like you to capture and harness the power of blockchain. Our team, comprising subject matter experts and experienced blockchain developers, is at the forefront of the burgeoning blockchain space and can help with end-to-end blockchain implementations.

We provide consultancy for enterprise Blockchain and follow a coherent roadmap to navigate your blockchain transformation journey – from use case development from blockchain and pilot use-case to solution implementation and deployment. Our mission-driven solutions effectively cater to diverse business needs – whether it is enterprise blockchain solutions for SME or for large enterprise, we work hands-on with our clients to drive digital transformation.

Transit to a decentralized, blockchain-driven world with our cost-effective enterprise blockchain solutions.

Learn more about how our blockchain enterprise advisory solutions can help your organization adapt this disruptive technology for your competitive advantage and cost optimization.
Drop us an e-mail on our dedicated blockchain e-mail ID: blockchain@millennial.ae

Discover our partner’s completed blockchain deployments in the completed assignments section

Public Sector

Traditionally, governments in most parts of the world function with archaic processes, technology infrastructure and yet this sector requires very high security including identity management. Blockchain’s encrypted ledger and smart contracts allow these public entities to improve governance standards, accountability, responsiveness and consequently deliver an efficient and high performance government services with a more secure and cost-effective way.

Media and Entertainment

Digital piracy, fraudulent copies, infringed studio intellectual property, and duplication of digital items cost the entertainment industry costs the global film and TV industry exceeding $100 Billion. Blockchain solution creates a distributed ledger for provenance of the content e.g. track thru life cycle of any content. This can drastically reduce piracy of intellectual property while protecting digital content and facilitate its distribution of authentic digital collectibles.

Identity Management

In an increasing digital environments, threats posed by digital identity theft present huge risks to the individual, communities and overall large system built on individual data profiles. A blockchain enabled digital identity management system provides a robust, connected, interoperable, and fail-proof infrastructure with key benefits to the government and privately owned enterprises and users.

Financial services

The financial services industry continues to inherit legacy operational processes, slow payment settlements, limited transparency and security vulnerabilities This in itself presents a suitable use case for deployment of the blockchain technology which is inherently built to address these problems. The technology brings with it highest levels of accountability, transparency, governance and an efficient decentralized business models supported by robust and secure technology. Furthermore, the technology allows the digitization of the financial asset class which affords greater liquidity, lower costs of capital, reduced counter-party risk, and access to a broader investor and capital base.

Healthcare

This industry given its multiparty stakeholder structure presents a befitting case for blockchain deployment. Healthcare’s Idiosyncracies around uneven flow of timely information between parties creates data silos between healthcare providers, patients, insurers, government and pharmaceutical industry. Blockchain-based solution will enable an environment where faster, more efficient, and more secure medical data management and drug and medical device tracking will be real possibility. The effect will be improved patient care journey, advancements in R&D, improved authenticity of drugs through improved provenance.

Energy & Utilities

This industry has evolved from an extremely fragmented siloed infrastructure with inherent issues concerning efficiency, optimization and transparency. The enterprise blockchain has the potential to significantly alter the business processes for increased efficiencies and drive down costs associated with operations and distribution (whether upstream or downstream). Equipped with an IoT devices, a blockchain-enabled infrastructure can streamlined and automate billings and settlement including payments in real-time and reduce utility costs which  can then be passed onto consumers in reduced monthly bills.

International Trade

Trade financing and commodities exchange systems is paper based and presents immense room for digitization to prevent frauds, errors and high transaction fees.  The blockchain based solutions can optimize trade financing operations by providing a secure, streamlined, and paperless solution. With blockchain, every element of the trade finance process can be digitized, and only authorized parties can access data, validate documentation, and execute transactions.

Real Estate

Real estate investments due to the large ticket items creates a barriers to entry for many inventors. Currently, it offers investors limited liquidity while requiring the involvement of multiple intermediaries and higher transaction costs. Blockchain technologies have the potential to disrupt the entire slow moving real estate sales cycle by eliminating intermediaries and optimizing processes. Furthermore, blockchain technology allows industries digitization of real estate assets through fractionalization. This will in itself allow for increased liquidity and democratized access to real estate investment opportunities for a larger pool of investors.

Supply Chain

The global supply chains can best be described as often times inefficient, lacking transparency and with high inherent transaction costs. Enterprise blockchain networks through better asset tracking e.g. through IoT can create a shared and decentralized IT infrastructure that will streamline workflows for all stakeholders involved in the supply chain. This will ultimately deliver a solution for the provenance of goods as these move from their origins all the way to the point of consumption by the end consumer.

Thought leadership from leading global strategy consulting firm, McKinsey & Co makes the following commentary on blockchain on their research publication. They believe granular assessments at the use case are necessary before pursuing the opportunity.

In the short term, blockchain’s strategic value is mainly in cost reduction