If billion-dollar corporate investments are anything to go by, blockchain is one of the most promising technologies of the century. eking0x explains what execs should understand about blockchain: EducationWeek, sponsored by atlasweb3group
That all said, another equally important question your company needs to ask is …It’s nice to experiment with innovations and apply new shiny technological solutions. But don’t make the mistake of creating imaginary problems that blockchain can solve. Or deciding that it’s necessary to migrate something to the blockchain just to “get on the blockchain” when current processes are working well., told CoinDesk that blockchain could be useful as it eliminates the need for trusting counterparties.
“For supply chain questions, if it’s all vertically integrated at your company, then what’s the point of having a blockchain-based system here? There has to be an incentive here. If it’s just a few parties you’re dealing with along the supply chain, then maybe you don’t need a blockchain,” he suggests.If you’ve decided that a blockchain solution will truly benefit your company, the next thing to figure out is what to prioritize in that solution.
Once you’ve figured out your priorities, you can make a blockchain choice – and no, you don’t need to build it yourself.Companies like proprietary software. Although private custom-made blockchains were briefly popular among companies in the last decade, there’s been a shift to embracing public blockchains.
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