De Beers Group, via its subsidiary Tracr, has been on a seven-year journey to immortalise every diamond in the world in digital form with blockchain technology.
It’s an enormous undertaking given the sheer volume of data necessary for the task: to capture it at the source and throughout a diamond’s production process, and then to secure it in an immutable way that is faultlessly trustworthy by the rest of the diamond industry and, of course, its customers.
In order to achieve its aims, Tracr needed to access the world’s very best #blockchain expertise in order to tackle the enormous challenge of scaling the technology to meet its lofty goals. Enter Accenture.
Featuring Wesley Tucker, Caroline Glassberg-Powell, Hilary Allen, and Vinod Nair
Read the story / https://lnkd.in/eK98vzQd#techforgood#diamondindustry
The, the relationship between Trace and Accenture is, is, is important and quite interesting. But we're a small little startup, but we working with one of the largest consultancies in the world. So we punch a little bit above our weight and I like that extension is above a Tracer began in 2020 when we came in and we did an assessment around what was the Tracer platform, how would it get to scale and what was needed in terms of that. And then we rolled on a technical team who delivered that scaling. Program so we've been involved from a strategic point since 2020 actively in delivery from 2021 and then have moved into more talent and change management functions in more recent times. It's a little bit like having a Big Brother that you you sort of you knock on his door and you go I've got this problem you know what do you think and and sometimes it's just advice sometimes it's just guidance, but a lot of the times it is it's bringing some of their people into Tracer to help us with problems. Our engagement was primarily focused on on two aspects one was bringing the. Right, technology across blockchain, DevOps, core engineering and then also bringing transformation excellence more around how should you set up an organization? What should be the culture? What should be the ways of working? What should be the support model for Tracer? You know, acid pivots from startup to a product centric organization. Like a lot of open collaboration with our blockchain guys, they were able to tap into the broader blockchain network of Accenture. And so they were able to ask for advice when we were having kind of problems with blockchain nodes. The relationships that Accenture are able to kind of help foster of like really important. There are some really good people from Accenture working with us. Tracer is a startup, but we're owned by one of the largest mining companies in the world. And so we get to be a start up on a Monday, but on a Tuesday, we're running an ISO certification and internal audit. We've got PwC coming around the door, I think. I think this year we've done 9 audits in total. And so there's a huge amount of work that we have to do that's not core to what a startup would have to do. And that's where extensions been incredibly helpful. I think all partnerships come down to really good people. It's really about Accenture turning up and saying we're gonna ride this through with you. So regardless of what's coming, we're gonna make sure you get there. It's the passion from the people that we were able to put on these projects that really drives the success of the partnership because they view the success of Tracer as their success. We have almost a shared objective. We share the desire for success in our mission and what we're trying to do. They just have such diversity of skills and experience that no matter what. Problem where we having, we know that we can go to them and they will bring the best they have to offer in that space. And that for me is the difference between a partnership and just a commercial transaction. They will make sure that they are bringing the best to help.
Absolutely thrilled to be part of the remarkable journey of Tracr and how our teams came together for such an innovative and forward-thinking approach!
Our strategic partnership with Tracr since 2020, focusing on technology integration and organisational excellence, clearly demonstrates the power of collaboration and expert guidance. It's inspiring to see how this synergy not only solves immediate challenges but also strategically positions Tracr for future success. Kudos to the entire team for such an innovative and forward-thinking approach!
#Innovation #Partnership #TechnologyTransformation
Tech Advisory | IT Strategy | Business Transformation & Technology Delivery | Accenture
3moAbsolutely thrilled to be part of the remarkable journey of Tracr and how our teams came together for such an innovative and forward-thinking approach! Our strategic partnership with Tracr since 2020, focusing on technology integration and organisational excellence, clearly demonstrates the power of collaboration and expert guidance. It's inspiring to see how this synergy not only solves immediate challenges but also strategically positions Tracr for future success. Kudos to the entire team for such an innovative and forward-thinking approach! #Innovation #Partnership #TechnologyTransformation