Capgemini and Ascribe Build Blockchain Project for Banking Loyalty Rewards

By June 7, 2016Bitcoin Business

Capgemini has partnered with Ascribe to create a blockchain database solution built on BigchainDB . The consulting, technology and outsourcing services provider operates in more than 40 countries and employes around 180,000 people worldwide

In a bid to continually improve its consulting services, it seems as though Capgemini has caught the blockchain bug. In November, the company published a report advising clients that financial service firms could “no longer afford to ignore blockchain tech.” Not long after that, in mid-April, Capgemini introduced a range of blockchain consulting services for finance and banking.

This announcement will mark the first venture for Capgemini into blockchain-based loyalty reward programs. It will enable banks to have the flexibility to offer consumers the ability to combine loyalty points from various programs that is cost-efficient and secure while providing consumers with the ability to use them in real time across multiple merchants.

Speaking to Bitcoin Magazine , Bruce Pon, CEO of BigchainDB, part of Ascribe, said that one of the main ways to achieve wider adoption and scale for BigchainDB was to partner with consulting firms such as Capgemini that understand the business challenges of their clients and the technology requirements to implement solutions.

“It became clear very early on that we needed a buffer between us and the enterprises lest we divert our entire technical team to answering the myriad of questions that enterprises have,” Pon said. “By partnering with Capgemini, BigchainDB can focus on building out the core technology, providing technical support and high level strategy while Capgemini focuses on the detailed requirements, specifications, implementation, testing and rollout to get real-world systems into production for their clients.”

Capgemini decided to partner with Ascribe’s new blockchain service BigchainDB, because of the scalability model.

“BigchainDB was built from the realization that enterprises were solving a different class of problems than Bitcoin […]

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