Blockchain strategies  197

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⚬Number of quality standards achieved by the blockchain prod-

uct/platform for cyber security, customer services and service

management

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⚬Success and % of completion of TOM (Target Operating Model)

Blockchain sandbox

In recent years, as the blockchain products and solution are maturing, many

solution providers have launched test beds to test and try the solution before

they become mainstream. It is highly recommended to try the solution on

sandboxes offered by the vendors before adopting the blockchain products and

platforms.

In this section, we will go through the benefits of a blockchain sandbox

and also walk through some of the famous sandboxes.

• What is a blockchain sandbox: A blockchain sandbox is a testing

instance, with similar features provided by the production instances,

of the blockchain products. It provides a facility to the customers to

try the blockchain use cases without real funds and hefty budget,

required by production grade products and platforms.

Blockchain sandboxes are also known as testnets. There has been

good progress globally in launching sandboxes and testnets to sup-

port customers with their use cases.

• Benefits of a blockchain sandbox?

There are multiple benefits of blockchain sandboxes and testnets.

Some of them are highlighted below:

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⚬Organisations can try the use cases and produce a business case to

get budget approved

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⚬A detailed feasibility study can be carried out before selecting a

product or platform to solve a business problem

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⚬Organisations can assess advantages and limitations of the block-

chain adoption for a use case

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⚬Use of a sandbox can provide practical details of implement-

ing a blockchain solution. It can assist in articulating the time-

lines, features required, resource/skill requirements and budget

requirements

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⚬It can highlight the high- and low-level changes required by adopt-

ing blockchain for a business process

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⚬A POC or MVP (minimum viable product) can be created on a

sandbox/testnet to prove the adoption of a blockchain solution. It

can also be showcased to regulators and other third parties to gain

confidence of the targeted or ToBe solution.

• List of blockchain sandboxes: There has been a stream of sandboxes

in the past few years. Sandboxes have been established by regulators,