BIAB is designed to provide intuitive, tangible Blockchain demonstrations and experimentations.

Deloitte recently introduced “Blockchain in a Box” (BIAB) designed to provide intuitive, tangible Blockchain demonstrations and experimentations.

“Deloitte custom built this solution based on client interest in understanding Blockchain capabilities in live interactions,” said Linda Pawczuk, principal, Deloitte Consulting LLP and U.S. Blockchain leader. “What’s often misunderstood about Blockchain is that it is an entirety of a technology solution — when in reality, it’s a technology component that enables larger business applications and approaches.

Deloitte has demonstrated the BIAB to several clients and to the broader Blockchain and emerging technology community at multiple conferences, including Consensus 2019.

“Each time we have used the BIAB to facilitate exploration, the reaction is that of curiosity and excitement where the audience leaves with a deeper understanding of Blockchain and how the use cases are implemented,” said Chih-Wei Yi, principal, Deloitte & Touche LLP. “It helps to demystify Blockchain and is a refreshing and well-grounded approach versus traditional slideware-based demonstrations.”

Earlier this year, Deloitte released its annual Global Blockchain Survey, which revealed that Blockchain investment continues to surge as new, practical business applications gain traction and business leaders begin to see beyond the “hype cycle.” Eighty-three percent of the 2019 survey respondents said their organizations see compelling use cases for Blockchain, and more than half (53 percent) reported that Blockchain technology has become a critical priority for their organization this year — a 10 percentage point increase over last year.