Accenture And Amazon Managed Blockchain Connecting Small-Scale Producers Into The Value Chain

Blockchain makes ideas like the circular supply chain possible. Since the dawn of the database in the 1950s, the world has been creating redundant silos of data. To maintain visibility, auditability, and control, everyone needed their own copy. Back-and-forth communication exploded in an attempt to sync up these copies. Reconciliation was challenging. Further advancements in data sharing failed to break through data silos.

Luckily, strong incentives are driving vertical industries and regulators to overcome these challenges. The right use cases generate network effects with the potential for exponential value. That’s a strong incentive to overcome inertia, competitive silos, and governance hurdles. Beyond these challenges, blockchain must scale—and it can. We recently worked on a project with the Depository Trust and Clearing Corporation , the central clearinghouse of U.S. securities trading. The goal was to replicate the speed and volume of the entire U.S. equities market. That meant a minimum of 6,300 trades per second, with three transactions per trade. Blockchain exceeded these requirements and then some.

We built this solution on AWS. Robust, reliable cloud infrastructure is key. It enables us to experiment, deploy, and scale. It streamlines management and maintenance so we can focus on driving business change. Implementing blockchain at scale is a complex endeavor, so we chose, which is a fully managed service that allowed us to set up and manage a scalable blockchain network with just a few clicks. It automatically scales to meet the demands for running millions of transactions.

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