enterprise blockchain consultants

How Blockchain can Redefine the Banking Paradigm

Ever since the first cryptocurrency, Bitcoin, was introduced in 2009, the underlying blockchain technology has been gaining huge popularity and adoption. The reason behind the burgeoning popularity of blockchain is its way of verifying transactions. It counts on consensus among a peer-to-peer (P2P) network of computers based on complex algorithms rather than a central bank or a third-party. The elimination of intermediaries has accelerated financial processes like cross-border transactions, trading and settlement, and more, while making them more reliable and cost-efficient.

The synergy of blockchain and services of enterprise blockchain consultants has helped various start-ups and incumbents, especially in banking and finance, to navigate their blockchain development journey. According to an estimate, the number of blockchain start-ups sits at over 5,000. Start-ups can typically lack the in-house technical knowledge and expertise, blockchain consultants steer their blockchain implementation process – from identifying and piloting use-case to implementing and deploying the solution.

Ways Blockchain will transform Banking

Blockchain holds the disruptive power and huge potential to transform nearly every process – whether it is the basic documentation or settling time-consuming transactions. These inherent capabilities of blockchain are attracting finance and banking decision-makers who believe that blockchain can bring profound, positive changes to their industry.

  • Blockchain for Trade Settlement

The current settlement process is based on the T+2 time-frame, which means that two to three days are required to settle transactions. Blockchain technology will bring everything on a distributed ledger, leading to the following benefits:

  • Global Trade

Blockchain will enable seamless global trading due to the distributed ledger that is accessible to everyone on the network, regardless of their geographical location. Furthermore, it will bring complete transparency to the system.

  • Lower Operational Cost

The elimination of intermediaries for trade settlement will result in reduced commissions and other costs. In addition, it will accelerate trade settlement (in the T+0 time-frame).

  • Increased Trust

As blockchain records all of the transactions transparently on a distributed ledger, a higher level of trust between the capital market participants can be built.

  • Blockchain for Trade Finance

The trade finance is one of the areas ripe for blockchain transformation. Global leaders such as Deutsche Banks, Bank of America Merrill Lynch, and JP Morgan are harnessing blockchain technology, and thus services of enterprise blockchain consultants, to enhance their workflows and cut-down their costs.

A blockchain-driven trade finance solution involving a letter of credit, bill of lading, and multi-signature solutions will comprise the following features:

  1. Carriers provide a bill of lading as a digital asset on the blockchain
  2. Banks issue letter of credit on the blockchain as a digital asset
  3. Contracts based on multi-signatures
  4. Smart-contract-driven transactions to ensure transparency and speed

Take Away

Blockchain is poised to transform finance and banking, bringing greater speed, trust, transparency, and cost-efficiency to operations. Start-ups or banks planning to upgrade their current systems should have blockchain on their mind as its potential can bring significant value to the industry.

At Millennial Partners, we offer consultancy for enterprise blockchain, helping enterprises with complete blockchain implementation. We follow a coherent roadmap – from use-case development to solution implementation to deployment – to efficiently navigate the blockchain transformation journey for our clients.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

enterprise digital strategy advisory

Key Development Areas for Digital transformation Strategy of Retail Banks- Part 2

In our previous blog, we studied four key development areas for digitizing customer journeys within the retail banking space. This blog will uncover the remaining three strategic digitization areas that aim to bring a positive shift in the customer experience and increase revenue generation opportunities for retail banks.

  • Enhanced Functionalities

Business process automation and emerging technologies have the potential to transform retail banks operations and offerings. Due to the fast-paced nature of technological developments it can be difficult to keep track of the latest advancements and to truly understand the benefits and implications of adopting these new technologies. By leveraging our enterprise digital strategy advisory retail banks can recognize various functionalities that can be enhanced with automation.

Retail banks must thoroughly examine their standard, value-added services/features at periodic intervals, to identify the improvement areas and gauge the impact of digitization on those areas.

  • Customization, Ergonomics, and Convenience Go Hand in Hand

If banks want their customers to experience the highest level of convenience, they need to apply ergonomics and customization concepts.

As a simple customization example, consider the benefits of a (basic) language preference feature.Multilingual sites make the customer’s life easier and you enjoy a wider audience. Similarly, paperless options, notification preference, customized web banking, and such features can be introduced, planned, and implemented.

  • Online Account Closing

Closing an account is the final step in a customer’s journey and while digitizing every other process, retail banks usually leave this crucial step uncovered. A proper online bank account closing process should not give a direct and quick way-out.

It should be complemented with a well-designed questionnaire that asks the reason for the exit. Even if it is followed by a call or any other means of conversation, it would be useful. This would count as a cost for customer retention.

Apart from the above-mentioned processes, credit and cyber security are two development areas that should not be left untapped while designing a digital strategy.

Advanced AI systems applied in credit management digital simulations can digitize the credit application/approval, credit score calculation, documentation, guarantee management, and more, leading to reduced workload on resources and an enhanced customer experience. Similarly, AI in collaboration with other technologies can establish strong authentication methods, smart- logoffs, and id/password management systems that can contribute to better operational efficiency and customer experience.

Leverage our artificial intelligence consulting services to embark on a digital journey of your retail bank today.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

digital transformation strategy

Key Development Areas for Digital transformation Strategy of Retail Banks- Part 1

As the wave of digital disruption is influencing every industry, the retail banking sector needs to take decisive steps to keep a competitive edge in the market, increase customer stickiness, and create new revenue streams. The digital revolution for retail banking aims to improve the banks touchpoints with their customers. By adding value to services offered, digitization is set to positively augment the customer experience.

In the ecosystem of fully-digitized banks, many high-level retail banks still strive to deviseanappropriate digital transformation strategy.

This blog discusses the four development areas to improve customer experience and accomplish fast-paced growth with digitization.

  • Fully-digitized Onboarding Process

The online opening of the account responds to the growing demand for customer empowerment by offering the convenience of place and time to customers. The ideal automated process incorporates online account opening requests (disposal & approval), online document upload & online facilitation of all further actions required for onboarding.

  • Round-the-clock Advisory Services

Retail banks must offer online customized as well as non-customized advisory. It would help customers make better decisions related to returns, savings, and investments – anytime, anywhere. The online advisory requires online onboarding of customer profiles and historical data, collection of situational data through detailed questionnaires, and other tools.

  • Smarter Money Management Solutions

The offerings (of this bracket) being delivered in most of the retail banks at the moment are like the tip of an iceberg. In the future, customers would require high-level forecasting tools that can automatically examine and classify account movements. The smarter solutions would estimate and predict future transactions based on client historical behavior.

  • Complete Customization of Services Coupled with Virtual Assistance

A customer wants to be heard and treated as a high priority. Customization and 24*7 Virtual Assistance responds to the need. A detailed customer profiling and deep analytics of complete historical data can help retail banks leverage customization in all extended services. The 24*7 assistance via traditional calls, messages, or chatbots would fill the gaps in customer experience.

These 4 key areas can enhance the customer experience through digital transformation. Retail banks can leverage enterprise digital strategy advisory services to gain an in-depth understanding of all key performance areas.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

digital transformation strategy

3 Key Performance Indicators (KPIs) to Measure the Success of a Digital Bank in 2020

The global online banking market size is anticipated to reach $29,976 million in 2023 from $7,305 million in 2016, presenting a CAGR of 22.6% between 2017 and 2023.

Today, most banks are adopting digital twin models to extend their services and better cater to their customers.

It is opined that a well-devised digital transformation strategy can bring profound benefits to online banking in terms of reduced costs and amplified profitability for banks. By calculating the ROI generated from online banking, banks can identify the limitations of their business models and further optimize them for better growth.

3 KPIs to Measure the Success of Digital Banks

  1. Digital Traction Metric

Banks offering online services can daily, weekly, and/or monthly track the number of existing users or new sign-ups on/via internet and mobile banking. By estimating the growth and evaluating the most popular channels among users, they can devise appropriate plans to improve the numbers.

More detailed metrics that can help banks deliver better services to customers would be average time spent on transactions, count of transactions left uncompleted, count of active users, frequency of failed transactions, etc.

  1. Cost to Acquire Customer (CAC) on Online Banking

Providing online banking services adds a lot to the expenditures of banking organizations. The outlay can incorporate development, sales, and marketing costs. Digital banks can calculate the worth of those costs by dividing the sum of all these costs to the count of new customers added.

CAC = (Development + Marketing + Sales Costs) / Number of New Customers

  1. Lifetime Value of Customer (LTV) to Digital Banks

Banking verticals generally have a long-term relationship with their customers. Digital banks can calculate the value that a customer is going to add to banks during their expected relationship span. The decision on how much a bank should ideally invest in customer acquisition and further services can be taken more intelligently based on that number.

Once digital banks start to measure the profitability based on the above-mentioned KPIs, they can increase their revenues by leveraging the best strategies. Banks can leverage digital transformation advisory service to explore additional KPIs and decide upon the best strategies for each KPI.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

Business Process engineering advisory

4 Key Business Processes Essential for Business Growth

While mapping out the business processes for engineering/reengineering, businesses may leverage various processes based on the level of granularity and type of business. However, without professional business process engineering advisory services, businesses might not be able to exploit the processes for maximized output.

Here are the key business processes pivotal to enterprise growth.

  • Product development

A product is the heart and soul of an enterprise. Business planning does not begin and end with the product, but the customer.

This business-critical process would always have a scope for improvement as markets are highly disruptive due to volatile customer’s preferences and competitor’s upgrades. By persistently eyeing the dynamic external factors and staying close to capricious customers, businesses can stay ahead of the curve and devise suitable policies for product development.

  • Sales process

A product is nothing without a motive of earning profits and that’s where sales play its role.

Many professionals offering business process transformation advisory suggest that this process is a collection of various crucial processes that contribute to closing a deal. The process involves optimization of a buyer journey at several levels- from qualifying a lead and crafting convincing pitch deck to driving customer towards the sale.

  • Procurement

Simply stating, the procurement process involves selecting the right vendors and establishing payment terms, strategic examination, negotiations, and purchase.

A well-documented, scalable, and profitable procurement process fetches prosperity for enterprises by capacitating recognition, evaluation of opportunities of more cost, time, and resource-efficient strategies. By leveraging an effective procurement process, businesses can ensure cost reduction, quantity discounts, and quality assurance.

  • Customer support

The customer support process must be formally streamlined to achieve high efficiency and low complexity. Simplicity is the essence of an ideal customer support success.

Even if a customer acquires the complete knowledge of a product during the sale, the process doesn’t end. The same conduct is required when the customer seeks support while finding an issue using the product.

The aforementioned are the four core areas, that if engineered\reengineered strategically, can contribute to overall business growth. By embracing the services of the best business process engineering advisory providers, businesses can construct a well-developed plan and process the above-mentioned crucial business processes.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

Digital Transformation Strategy

Need for an Effective AI Strategy to Fuel Business Growth during Crisis – Part 2

In the last part, we studied how an effective AI strategy can play a crucial role in recovering from the adverse consequences of an unexpected event. In this part, we will study the strategic areas that need to be taken into consideration to devise a successful AI digital transformation strategy to prepare a business for recovery and growth.

2 Key Strategic Areas to Consider for a Successful AI Strategy

  • Discover and Develop New Business Competences Powered by AI

A well-planned response to a crisis is crucial to scale business growth. To counter the market turbulences and develop a measured comeback, businesses need to identify the remodeling needs of customers. Following this, appropriate measures can be taken by kinetic competitors and markets to reciprocate to them.

Today, businesses with physical offerings are shifting to digital twin solutions to limit the physical contact and curb the spread of the Coronavirus. By combining enterprise AI solutions and AI-powered digital platforms, businesses must step beyond their comfort zones and analyze places where value can be derived.

  • Integrate AI into Core Business Prototype

Businesses that fail to implement effective AI strategies into their operations are more likely to limit their ROI. A careful end-to-end view of business operations is preemptive to recognize areas for AI integration.

The current black swan event characterized by the Coronavirus is opined to bring an ecosystem-level change. Businesses that would devise a digital transformation strategy with AI integration to reset and rescale the plan and operations would eventually earn huge profits. In the long term, embedding AI into core functional areas would radically increase efficacy in operations.

Embrace Enterprise Artificial Intelligence Solutions from AI Consulting Specialists

An effectual AI strategy to recover from the COVID-19 crisis surpasses building lightweight, beta mode algorithms or addressing ad hoc business trends or problems. Partnering with a leading AI consulting specialist would help businesses revive and rise back stronger.

Millennial Partners (millennial.ae)prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out via our e-mail at info@millennial.ae.

enterprise blockchain consultants

How can Blockchain Consulting Fuel Business Growth?

Despite the enormous potential of blockchain technology, this distributed ledger technology is gaining gradual adoption. Any technology of such huge potential has gained significant acceptance by industries but then the question arises – why not Blockchain?

One of the major reasons, according to subject matter experts, is the paucity of comprehensive blockchain consultancy solutions. Businesses lack solutions that can help them understand and harness the potential of disruptive blockchain technology.

Let us discuss the 3 prime decision areas where availing services of expert enterprise blockchain consultants can help a business increase their ROI:

  • Distilling Pain Points

Blockchain appears as an unrivaled solution to problems related to transparency, security, traceability, costs, efficiency, and speed.

However, the appropriate pain points need to be analyzed before blockchain is leveraged to address the problem areas. Top-notch blockchain consultants outperform in analyzing such challenges while applying their experience and deep understanding of use-cases.

  • Examining the Marketplace

After the pain points are identified, the company looking for blockchain integration needs to gather the most up-to-date data about the marketplace.

Usually, the required data revolves various points. These include the unique characteristics of a business and digital transformation strategy by which a niche can be created by your blockchain solution.

  • Discovering Use-Cases With Significant ROI impact

It is one of the evident facts that trust is the heart and soul of blockchain technology. Blockchain is, in fact, an ideal solution for the elimination of inefficiencies that arise due to intermediary involvement and other third-party engagements.

Trust fostering is something that is 99% of the time eligible to be that one use-case that has a remarkable impact on the ROI for every business. Your business can have additional potential points and blockchain consultants can help you identify them.

After planning follows implementation.

How Can Enterprise Blockchain Consultants Help In the Implementation Phase?

You may have various questions while integrating blockchain into your business – such as which blockchain solution to count on; who would own blockchain system; which type of blockchain to choose – permissioned or private; the need for knowledge proofs; hosting of blockchain nodes and many other technological factors. Here’s where you would be helped best by the professional blockchain consultants.

At Millennial Partners, we serve as your reliable enterprise blockchain consultants with real-world experience in blockchain implementation. We offer complete solutions – from use-case identification and implementation of the solution to deployment.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out on our e-mail at info@millennial.ae.

Asset tokenization advisory

How can Asset Tokenization Revolutionize the Real Estate Industry?

The real estate industry is growing more complicated due to the involvement of more stakeholders, huger investments, diverse talents, and ever-changing regulations. Apart from the complexities, the billion-dollar worth industry is also inflicted by setbacks that are impeding its unflagging growth.

The most agile businesses of the industry have already devised strategies to integrate potential technologies in their operations. Asset tokenization is one of the disruptive technologies that is being harnessed to make a positive difference to the current scenario. Those who are new to revolution are leveraging professional asset tokenization advisory services to come up with a configurable strategy and end-to-end implementation plan.

3 ways Asset Tokenization can disrupt the Real Estate Industry

  • Immutability

Blockchain drives immutable transactions and creates a tamper-proof history of transactions, enabling stakeholders to provide evidence of their ownership.

If a stakeholder tries to sell the same token to multiple parties, the history of ownership associated with the token would make it impossible for him to falsify transactions or commit frauds.

  • Accelerated Settlement

The smart contracts can be configured in a number of logics in operations, thereby, facilitating automated transactions as soon as contractual obligations are met.

The well-structured system allows investors to have a tour of a clear, immutable record of data related to transactions during decision-making. Businesses can also rely on voting that is the essence of an ingenious system, thereby leading to better business decisions.

  • Better Security and Transparency

The tokenization tech employs blockchain that promises world-class security in a volatile digital world. Cryptography fortifies the security of tokens by clearly indicating assets owned by stakeholders.

Lack of transparency is one of the major lags faced by conventional the real estate industry and tokenization has the potential to eliminate this problem by providing enhanced transparency in operations.

Tokenization: A Reliable Solution

Apart from the above-mentioned benefits, tokenization offers many other refinements and improvements that can steer the real estate industry towards unobstructed growth. Businesses can also discover their untapped potential with the help of professional asset tokenization advisory services.

At Millennial Partners, we offer comprehensive asset tokenization solutions – from token development, deployment, and marketing.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out on our e-mail at info@millennial.ae.

banner3

Industries ripe for the adoption of Artificial Intelligence

Artificial Intelligence (AI) promises a new age of disruption and productivity, where human intellect is augmented by speed and accuracy. The technology has the potential to offer profound results across various industries – including healthcare, construction, real estate, and more. Many industry leaders have realized the potential of AI and are leveraging Artificial Intelligence consulting services to integrate AI into their business operations.

Here are 5 industries that are ready to embrace Artificial Intelligence.

  • Marketing

Marketing companies can harness the potential of Artificial Intelligence to devise better and well-informed marketing strategies. AI categorizes customers as per their interest or demographic and marketing companies can capitalize on this opportunity to target ads to their customers based on their browsing, consequently providing their customers with what they are seeking. In addition, the power of AI can be leveraged through chatbots that can help solve problems, suggest products or services based on customer interaction, and support sales.

  • Sales

Artificial Intelligence can equip sales professionals with actionable insights that can enhance the sales function. AI improves sales forecasting, anticipates customer needs, and enables better communication. Additionally, AI-enabled machines facilitate time management for sales professionals, simplifying it for them to identify who they need to follow up with and which customers are easy to convert.

  • Research and Development

Nearly every industry – such as pharmaceutical, healthcare, finance, agriculture, and more –is involved in research and development (R&D). Artificial Intelligence can automate various tasks and forge the path for novel discoveries as well as better ways to deliver improved products and services. Companies involved in R&D can harness digitaltransformation consultancy services to integrate AI into their businesses for more strategic and effective operations.

  • IT Operations

AI for IT operations, also referred to as AIOps, is the application of machine learning and data science to IT operations problems. AI can be used for IT system log file error analysistogether with IT systems management functions, and automate various routine processes. The technology can help identify issues upfront, helping IT professionals to proactively fix them before they lead to any serious problem.

  • Human Resource Management

AI has the potential to revolutionize various human resource activities – from recruitment to talent management. It can not only boost efficiency or alleviate the operational cost by automating repetitive tasks but do beyond this. AI-powered robots can interview candidates for any job position. In addition, AI can assist the human resources department with data-driven decision-making, thereby simplifying the recruitment process.

Take away

AI has immense potential to transform nearly any industry. More businesses are embracing AI and are generating real rewards from them. However, unlocking those benefits requires visionary leadership and the right technical partner.

We, at Millennial Partners, offer comprehensive Artificial Intelligence consulting services – from use-case identification and solution implementation to deployment – enabling enterprises to benefit from the disruptive AI technology. We leverage our domain expertise and technical prowess to deliver meaningful outcomes that fuel your business growth.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. Our digital transformation roadmaps include incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.

Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out on our e-mail at info@millennial.ae.

Digital Transformation Consultancy Services

How can blockchain become a building block for next-gen healthcare services

Blockchain can be identified as a consensus-based immutable, secure, and decentralized database technology that holds significant potential to fortify the different commercial and non-commercial sectors. The disruptive technology has already been revealing remarkable revamping abilities while it is being integrated into several industries. Market forerunners of numerous industries have already started reaping rewards with the help of business transformation consulting services.

Blockchain bears the potential to be the next best thing in Healthcare. It is now the turn of the healthcare sector to adopt this sensational distributed ledger technology. According to BIS Research, the global medical market expenditure on the blockchain is expected to reach USD 5.61 billion by 2025.

Top 2 ways in which blockchain technology promises supernormal upsurge in efficiency through its integration into the current healthcare scenario

It is opined that the blockchain revolution would steer the conventional glitch-rich medical scenario to the next-gen efficient echelon.

  • Healthcare Data Distribution and Management

The US reports medical errors as the third big reason behind the fatalities. The reason is very clear. During the lifetime of a patient, he submits his crucial medical reports and details to various health institutions and due to the absence of a common data management system, the mass integration of data related to a patient’s health history becomes a fiasco.

Subject matter experts offering business transformation consultancy services suggest that immutable blockchain technology can enable the sharing of the same data to an unlimited number of parties with just an “add to” access. No party can delete a record permanently and all this efficiency comes with utmost security, promptness in operations, and cost-efficiency.

  • Medicinal Drug Development and Supply Chain Monitoring

Despite regulatory restrictions and certificate compulsion, second-rate drug manufacture has acquired a large proportion of the US drug market. On the other hand, if we talk about the developing countries, 1 in every 10 medical products is found to be counterfeit. The problem is incapacitating the drug market and is standing as a risk to global healthcare.

Top-notch digital transformation consultancy services suggest that globally adopted blockchain can improve the traceability and transparency to a large degree. From impeding of falsified certifications to connecting the strands of unalterable data, blockchain can instill an unparalleled level of efficiency in operations.

Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments, which includes incorporating the most cutting-edge technologies such as enterprise Blockchain, Artificial Intelligence, and the Internet of Things (IoT).

Our global and experienced team is available via e-mail to proffer solutions and answer questions regarding technological advancements and digital transformation!