For enterprises all over the world, the pressing question is whether or not they need to develop a blockchain strategy. Some experts feel this technology has no first mover advantage, as it has not been proven yet. On the other hand, there are others who feel delaying a blockchain strategy can spell doom for the business.
One thing is for sure in the business world: a lot of players are using the wait-and-see tactic for blockchain. Slowly but surely, more enterprises are learning what the possibilities and risks of this technology encompass. As a result, various companies are exploring how they can integrate this technology sooner or later.
Enterprises Need A Blockchain Strategy
A recent article by Pegasystems’ Graham Lloyds mentions how delaying a blockchain strategy can kill a business. While it is true innovation leaders embraced this technology some time ago, there is no real-life use case for it yet. The vast majority of blockchain research is still in the proof of concept stage right now.
While the blockchain can change our entire society, it will take collaboration to make it happen. To achieve that goal, enterprises need to embrace an open blockchain standard.