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This article hits home for me because I am heavily invested in WTC and I work for Accenture; trying to move into the blockchain practice actually. If WTC becomes a client of ours that would be a great. Accenture and our competitors are actively trying to grow our respective blockchain practices since it’s such a hot emerging technology with so much potential applications across many industries. Fingers crossed.
it seems they might be trying to use waltonchain for their green-friendly campaign. They would track emissions and other aspects of their environmental traces.
Maybe you'll become a client of WTC someday. That day will be a great day!
what does the title mean to you? "A Senior Consultant of Accenture" what rank within Accenture does that mean to you?
In the consulting arm of Accenture there is no actual position called "Senior" consultant. I think the author used the phrase "senior consultant" is a loosely-worded way to refer to someone at least at the manager or senior manager level in the consulting arm. Consultant-level employees (which is like 3-5 years out of college) don't go straight to new clients by themselves. Approaching a potential client in the early discussion phase is led by someone more senior in the firm.
Thanks for your insight into this. It's reassuring to know that so many different companies are moving into this space.
I'm interested in your thoughts on /u/d0ckellis's comment: http://goedhartvoordieren.nl/?page=r/waltonchain/comments/8dmy9o/accenture_and_waltonchain_potential_collaboration/dxoexcn/
I will agree that the title of this Reddit post (not the Medium article) seems incorrect/premature if Accenture is coming in as consultants rather than partners. But I still feel this could be a great thing. The Walton team is a small group and can certainly benefit from outside expertise. And it couldn't hurt for each to have a working relationship with each other that may lead to future collaboration and opportunities.
Edit: Removed "grumpy". That wasn't nice. Sorry, d0ckellis
I literally said that it would be great for them to come in as consultants and help Walton, but I was arguing that using the term "collaboration" is misleading and makes it sound like they're working together on some type of co-branded solution or product.
EDIT: Also we've seen that Walton has admittedly struggled with many business functions besides blockchain development, and Accenture is well equipped to assist Walton in those areas. Hiring Accenture or any reputable consulting agency would definitely be a big deal, but this article is only speculative about any future arrangements. If they really wanted to hire a consulting firm, they could. A consulting agency would take their money if they were willing to pay for their services.
Sorry, you're right. I guess between reading your comment and typing my own I forgot you had already made that point.
I agree with d0ckellis. Most likely if WTC and ACN worked together it would be in a client-vendor relationship capacity, not a "partnership".
Once clarifying point I want to make after I've thought about this some more: If WTC became ACN's client and ACN's services aren't truly blockchain development related, then this piece of work wouldn't directly grow our blockchain practice. We have innovation/research groups within ACN that have technical blockchain development skills, and we are going to market to potential clients to help them understand how blockchain can bring about real business value, and then help them do the blockchain implementation. That kind of work would be directly expanding our blockchain arm. But if we are supporting WTC for non-blockchain areas of the business, it would be cool to have WTC as a client because its a blockchain client however WTC won't really be a client success story that we could bring to other clients if we're trying to sell them our own blockchain development capabilities.
For those who aren’t familiar Accenture is a global management consulting and professional services firm that provides strategy, consulting digital, technology and operation services
Fairly successful with a revenue of 34.85 billion in 2017, this type of collaboration shows Waltonchain’s initiatives as a global player in blockchain.
Accenture is absolutely massive. $99B mkt cap
“Fairly successful with a revenue of 34.85 billion in 2017” lolz
Fortune Global 500 - Accenture
This is purely speculative and doesn’t need to be put on r/cc. Please for the love of god.
hahaha so cool to see how every1 is afraid of what Vferr MIGHT post.
@Vferr upvoted everything i read from you since yesterday :) Stay strong
I totally agree...
Experts from both sides also conducted an in-depth communication on the prospect and applications of the blockchain industry.
I can't wait for big news!
Not to be negative but 1) this title is wildly misleading, and 2) its not THAT big of a deal
Accenture is a consulting firm. To say there is a "potential collaboration" brewing is just wrong. If anything, Walton would potentially hire Accenture to help with certain business processes that they lack the capability or expertise to handle themselves (not related to blockchain, but other business functions, i.e. HR or Payroll process restructuring, equity compensation, etc). Could Accenture recommend Walton to another client? Sure, I guess, in theory, eventually. But a reputable global firm like Accenture will never include Walton in a recommendation until they have a legitimate working product and a great reputation, so this is years away (if it ever comes). (EDIT: If it ever comes refers to Accenture including Walton in a recommendation to another client, not Walton having a working product and great reputation)
A senior consultant is most likely someone who is 2-4 years out of college. Accenture is a great company and this person may be a great consultant, but they're not even at a manager level. A typical structure at a company like this would probably be Consultant (0-2 years out of college), Senior Consultant (2-5 years out of college), Manager (4-7 years out of college), etc.
I loled at that 0-2, 2-5 and 4-7. I'm not working at accenture, but in my previous professional experience they didn't just hand out senior titles after 2 years.
You'd start as a trainee/intern, get a junior position and work your way up to a regular where you stay for a couple of years. If you prove yourself to be more valuable than your peers you earn a senior title.
Managers would not have first contact with clients, that's what consultants are for. But then again, not every company is the same.. so I reckon that probably neither my experience nor your assumptions apply.
From another perspective: The mere prospect of Waltonchain is being supported by one of the big 4 is very exciting to me and "kind of a big deal". I was hoping for that for a long time, since most of Waltons shortcomings are in areas that could be massively improved by a collaboration with a consulting firm.
I don't care if they are not likely to introduce them to clients, alone utilizing accentures know how and communication channels is extremely bullish to me.
I know a senior consultant at Accenture who graduated in 2016. I dont think it’s uncommon at all.
Rest of the points especially about the big 4 supporting wtc as a solution to their clients all ring true.
That's a rapid progression, congrats! It's definitely not common in the places I worked at, thanks for the insight.
Its very common for people to reach senior in 2-2.5 years, at least for Big 4 in the US. Again, my point was that a senior consultant coming in for meetings with Walton does not warrant a title pointing to a "potential collaboration."
I see your point and agree with you.
Still makes me happy that they could be working together.
At Accenture, managers are more senior than senior consultants. The 0-2, 2-5, 4-7 is roughly accurate although 0-2 is typically called Analyst and not Consultant. Analyst, Consultant, Manager, Senior Manager, Managing Director are the Accenture ranks within its consulting practice.
400.000+ people work at this company so one senior consultant talking with Walton is nothing big in my opinion.
Thanks for your input, that's good to know!
I agree with this
It’s not misleading because it’s potential and not certain, and if they do come to an agreement it’s considered a collaboration not a “partnership”.
You can reserve the word “wildly” for something a bit more wild.
Additionally Walton has a working product.
Also copying and pasting the first 2 sentences from Accenture's Yahoo finance page doesn't mean you know what they do.
You clearly know nothing about Accenture or consulting. You can pretend this is some great "potential collaboration" and take it personally that I think your post is reaching, but no matter how you slice it its wildly misleading.
I'm very pro-Walton but I'm also very realistic - and if this gets cross posted to the main crypto subreddit we're going to get laughed back to the stone age.
Great assumption, let me guess you can rattle off the names of the big 4 so that makes you qualified?
I understand consulting very well, and i know a potential collaboration is feasible, you completely neglect that Walton has a working product which was core to your first argument.
I stated it’s a potential collaboration, you seem very angry at those words, and it isn’t skewing any of the news, it’s a fair statement about the future.
My VeChain reference? What are you talking about? And I edited my comment to clarify that I was saying "if it ever comes" in reference to Accenture recommending Walton, not their working product & reputation. That was never my argument, my argument was a "potential collaboration" makes it seem like they're going to be working together on something, rather than Walton hiring Accenture, which would be the most likely option. If that happened I'd be excited, because Walton definitely could use some help in areas outside of blockchain.
My argument was a "potential collaboration" is misleading. If you understand consulting so well explain how they would "collaborate"?
And my second point was that a senior consultant is a lower level employee.
You guys can downvote me all you want I'm just being honest. Check my comment history I'm far from a FUDer, I just hate when people try to make a mountain out of a mole hill.
My definition of them hiring Accenture is collaborating with Accenture. So we are in agreement then if that’s what you misunderstood from the word collaborate.
A collaboration would be them working together on a product or a solution to be marketed with both companies names attached.
Accenture being hired by Walton is exactly that, Accenture being hired by Walton.
Again - that would be amazing, and is something Walton would benefit greatly from, but when we use the words "collaboration" with a "Fortune 500 Company" I think its very misleading for people who don't understand consulting.
To be fair i don’t think they would use the words hiring themselves
Accenture would market it to Waltonchain as a collaboration, they wouldn’t say “your hiring us”
Collaboration is “the action of working with someone to produce or create something”
By hiring them they would be achieving a mutually beneficial goal of that, it’s the same reason i didn’t choose the word partnership, which implies they have a stake in their business.
It wouldn't be a mutually beneficial goal, it would be to improve Walton's business. Again, copying and pasting (this time from dictionary.com) doesn't add validity to your argument.
You are stating Accenture is engaging in business they don’t benefit from?
Do you know how business works?
Sounds like you don’t only disagree with me, but also the dictionary or publicly available knowledge i quote from, you must be very confused and I’m done engaging with you and your disagreements with a dictionary.
I think if anyone actually reads the post, they'll understand in it's entirety that this is not a partnership, but Walton reaching out to consulting firms.
No where does it ref a partnership, or Accenture utilizing Waltonchain. It's an attempt by Walton to engage and inform the community in the forward movement of the Waltochain brand. They're trying to employ a consulting firm to better their product.
The over exuberant excitement you see on display is because Walton is addressing and attempting to solve some of their biggest concerns. If folks can't be excited about Waltonchain in their own sub, where can they?
Wow the hate d0ckellis
yes you sound like you know what youre talking about... not
you disagreeing with me is all the validation i need that i'm right
To take so much time to diss an article you must be worried about your own investment?
my investment that is 100% WTC and has been since November? great detective work, you nailed the motive behind my posting!
Well then that is even worse, you clearly are not the smartest tool in the shed. Who shits on their own investment? You made no sense at all it was garbage.
this isn't a cult. the point isn't to only say good things all the time to trick people into buying it. and my issue is not with Walton whatsoever, it was with the wording of the title, so either you didn't read my comments fully or you have the reading comprehension level of a sea turtle
No one is tricking, the article is their for investors to read. Good thing watchodl sorted you out.
Great to hear Walton team opening up more options for growth!
Also, calling the next Walton FUD from this; Accenture used to be Arthur Anderson, Walton is the next Enron...
Reminds me the good'ol december period.
The extrapolations out of thin air are BACK !!!! Signs that the next bull run will be coming, coming by waves
This isnt newsworthy. A SC at Accenture is just a grunt worker. Very far from any traction to collaboration.
I hope the Walton marketing team understands this. There's too much open interpretation, and gives fudders leverage to play with.
This is Walton chain subreddit. This is Walton chain news. Who cares IF and what others do?! The important is that Walton chain does! It really does.
Creating an open ecosystem that seamlessly combines the blockchain and the internet of things.