Industry’s First Complete CX Blockchain Infrastructure for BPOs, Field Service, and CX Agencies
LAS VEGAS — (August 12, 2019) – The CX Blockchain Institute, the worldwide authority dedicated to fulfilling blockchain in the customer care industry, today announced the availability of its flagship Enhanced CX with Blockchain solution. Enhanced CX with Blockchain is the industry’s first blockchain-driven customer interaction service for BPOs, customer service and CX teams to seamlessly integrate and fortify trust and customer communications using the blockchain infrastructure.
Blockchain is predicted to be a massively disruptive technology in the CX environment that will reshape the way consumer information and intelligence is stored, verified, distributed and applied by creating a decentralized network of ‘blocks’ that record individualized customer transactions. [Editor’s note: please see CX Blockchain market intelligence research report released on August 29, 2019]
The reality is: Few are really talking about blockchain in the CX or contact center space, and that might be a mistake. “Contact centers are focused on AI or RPA implementations right now which, when combined with blockchain, provide them with an innovative, leading-edge,” says Shelli Ryan, Founder/Principal of The CX Blockchain Institute and CEO of Ad Hoc. “The problem is that if contact center teams – especially BPO service providers – aren’t also market-ready for blockchain in 2020 they will be left behind. Our mandate is to empower organizations to be ‘blockchain-CX-market-ready’ by first enabling know-how and intelligence with the latest blockchain research, studies and strategic insights. We then follow through by operationalizing blockchain in the call center, from small process changes through to certifying the blockchain-driven transformation.”
The Enhanced CX with Blockchain solution comprises seven primary components: CX Blockchain operations and communications assessments, Blockchain-driven CX process design/re-design, Blockchain implementation and testing, CX Blockchain Training Academy, a distinctive Blockchain CX Certification program unique to the needs of the customer care industry, a comprehensive CX Blockchain intelligence and industry awareness broadcast system, and CX Blockchain compliance program.
Research conducted by Knowledge Executive in 2019 with global CX executives and directors indicates that blockchain is rapidly being adopted in the banking, telecom, healthcare and retail industries. “Service delivery consistency and personalization across web chat and email remains a major challenge for operators, but blockchain can effectively address these issues,” says Mark Angus, CEO, Researcher and Strategist of Knowledge Executive.
“In the retail industry, blockchain can shorten sales and support requests by providing entire transaction, service, warranty and behavioural data to agents with immediacy. Organizational silos and service issues in banks – which often have different product houses, disconnected contact centers and disparate CRM systems – can be bypassed with blockchain.”
The key to unlocking these capabilities resides in blockchain’s ability to strip out complexity through the way information is verified and securely stored and accessed. This negates the need for interfacing with multiple systems and can tear down the information silos that currently exist in many applications and legacy back-end systems.
“From a CX perspective, it is going to completely change how a vendor or business interacts with its customers,” states Steve Weston, Managing Partner of SK Weston & Co, based in Washington DC.
“Blockchain technology gives both the customer and the contact center agent they interact with more control because the platform contains all the relevant information they need, and in an encrypted and secure manner.”
Weston adds that the ability to disintermediate third parties also simplifies the process, mainly because it eliminates the need to conduct research and source information from different sources. This effectively delivers instant access to accurate client data.
“The CX benefit is the ability to provide instantaneous feedback or answers to the customer that are correct and relevant at the first time of asking, which negates the need for call backs and time-consuming verifications.”
ABOUT THE CX BLOCKCHAIN INSTITUTE
The CX Blockchain Institute is the worldwide authority focused on fulfilling blockchain for the CX industry. With operational assessments, communication centers of excellence, industry awareness programs and training academies, we simplify blockchain implementations, create well-defined competitive barriers with our certification process, and accelerate path to revenue.
Privately-held The CX Blockchain Institute is headquartered in Las Vegas. For more information, please visit www.cxblockchain.org
Shelli Ryan, APR, Fellow PRSA
The CX Blockchain Institute