IT multinational Fujitsu has launched a new service to help companies assess whether their blockchain-related business ideas could bring value. Japanese IT giant Fujitsu launched on Tuesday a blockchain consultancy service that would help companies assess whether their blockchain ideas and concepts are worthy of consideration.

Under the new “framework,” companies would be able to build their distributed ledger-based Minimum Viable Product (MVP) in only five days or analyze their existing blockchain projects to reduce the risk of potential failures. Pricing for the service starts at 9,900 euro.

Fujitsu experts will work together with business clients to co-create new blockchain-based ideas to determine and prove whether certain processes could be implemented on a larger scale. This process, labeled as Proof of Business (PoB), has to come much earlier than a Proof of Concept (PoC) approach to reduce many of the common errors made by businesses in relation to the emerging technology.

Chris Pilling, lead architect at Fujitsu’s Blockchain Innovation Centre (BIC), told the tech publication the Register that the companies had been making this mistake on a regular basis. “They set off in the wrong direction by focusing on the technology.

They spend time and money on seeing if the technology works. We’re pushing the proof of business so we work with customers to ask what the business case is.” Fujitsu’s “framework” is based on the Hyperledger Fabric technology. Read more from…

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