Deutsche Bank: Pursuing Block Chain Opportunities Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Deutsche Bank: Pursuing Block Chain Opportunities Case Study Solution

Ways of Laying the Foundations for Commercializing Block Chain

In the early financial year of 2015, Deutsche bank has decided investing in digital technology in order to maximize market share and strengthen its market presence. The market opportunities to be captured includes:

To smooth the progress of customer interaction by remote advisory channels.
To comprehend efficiencies of platform by digitalized or automated processes.
To increase efficiencies and efficacies of process by adapting emerging technologies or undeniable ingenious invention i.e. block chain.

Afterwards, it has been decided to pursue the block chain opportunities for future growth and prosperity by investigating about it in more targeted structured manner. Primarily, the company has intended generating awareness about whether this technology has been already explored by any other banks or not.

Following this, by using social media platform the company has started posting series of blogs containing the explanation and discussion of future scenarios regarding the use of technology and its potential for changing the banking eco-system as a whole. By doing so, the company has successfully received a fair amount of people interest from all around the world.

In order to foster cross-fertilization of ideas and discussion amongst experts in different areas of field, the distributed ledger workshops have been introduced with people from global transaction banking and global markets, also categorized as block chain groups allowing the company to move the idea forward by showing their passion and commitment towards adapting the advanced technology while positively influencing the banking future. The people have supported through the implementation of Block chain technology and have been exciting to work with the technology in forthcoming years.

In the proof of concept phase, the seniors at Deutsche bank have been intending to implement a Block chain projects, leading to set a Deutsche Lab serving as a basis and foundation for the banks seeking for innovative ideas and adoption of emerging technologies for enhancing processes, products or services. The bank has partnered with the startup technology company which has facilitated it for rapid experimentation. The lab has been used for updating on emergent themes from advanced and innovative eco-system, the application of such themes has facilitated in a way of advancing the strategy for banks.

In a discovery phase, the bank has started examining and evaluating the impact of disruptive technology on its payment, securities and trade finance space. Furthermore, the company has explored the potential of using Distributed ledger technology along with its feasibility of delivering automated DLT transactions. Additionally, the bank has decided to identify the potential of DLT in securities. The self-executing potential of smart contract has been tested by the corporate bond processing life cycle since it has been relevant for the technology as well as for overall business model. Furthermore, the company has issued the smart bond being processed through secure and protected Block chain transaction. Intending to experiment the test by formulating hypothesis provides the basis whether to invest in future application of using block chain technology or not for transforming security clearing process and settlement.

The current corporate bond life cycle has been mapped to evaluate where smart contracts and block chain would enhancing and improving the corporate bond value chain. For testing the hypothesis, a small design team has been assembled comprising lawyers, coders and investment bankers. Also the startup has been identified to collaborate with internal design team to draw a resulting statement of executing smart contract over a distribute ledger. Also, the environment has been shaped to continue the flow of experiments.

Above discussed decisions led the bank to create value and revolutionize the financial services..........

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