The need for blockchain solutions is huge and world events have shown the fragility of current critical technology. But implementing blockchain technology carries risks as well as rewards.
Blockchain Connected is the dedicated network for the blockchain community in Wales and works to represent and unite the blockchain community.
The Blockchain Feasibility Challenge Fund was presented by Blockchain Connected and funded by Welsh Government, to encourage collaboration and evidence of blockchain’s potential in four key areas for Wales: supply chain, Net Zero, circular economy, and digital record and identity.
In order to make the feasibility projects as varied and inclusive as possible, the funds couldn’t rely only on current networks and relationships – the process needed to engage the blockchain solution providers and potential Challenge Owners to enable open discussions, build new business relationships, and drive collaborative applications.
Working in partnership with Blockchain Connected, we customised our end-to-end open innovation workflow to capture challenges from a wide range of organisations in a time-efficient manner. Our simple and engaging digital experience attracted organisationals such as Amey Consulting, Celsa Steel UK, Tata Steel UK, and TrakCel to present their innovation issues.
Our proven outreach approach then engages blockchain tech innovators, who propose solutions to the challenges. The in-platform social media and comments functionality also allows users to connect and build relationships leading to collaboration across public and private sectors.
Automated communication with potential innovators at key moments sustains engagement, whilst reducing the transactional burden on staff. The platform also allows effective management of submissions through project management tools, reducing the time spent both surfacing solutions and managing successful applicants.
Our work with Blockchain Connected delivered significant game-changing innovation by reaching and engaging over a hundred solutions offering industrial gains in productivity, performance, and carbon reduction.
We have also expanded the collaborative network of blockchain with 17 collaborative projects formed between the challenge owners and blockchain innovators from across the UK and EU.
This combination of a structured application process, enhanced collaboration, and iterative idea innovation drives up the quality of funding proposals supporting blockchain solutions now, and the collaborative networks of the future.