Introducing the new video mini series “Blockchain Principles”.In this series, I’ll define the problems that blockchain can solve for your business. It’s understandable that companies are keen to get started with blockchain as quickly as possible due to its popularity and the undisputed benefits
that it brings to enterprise. And rightly so, since blockchain can be an effective tool in your toolbox, as long as you choose the right problem for it to target.
With forecasts suggesting
that money spent on developing blockchain solutions will continue to grow over the next few years, reaching over almost 18 billion U.S. dollars by 2024, it’s important to note that enterprise blockchain projects also have a high failure rate
. In order to make sure that your blockchain deployment is successful and does not become another statistic in the failure category, it’s imperative to be certain that the problem chosen is going to take full advantage of what blockchain technology can offer.
Luckily, I’ve identified the three most pertinent problems that blockchain is best suited to tackle.
- Records of ownership
- Digital fingerprints
- Complex business processes
I take an indepth look at each of these problems individually in the subsequent videos. Be sure to watch each video to get a robust understanding of how your blockchain projects can be targeted at the most appropriate issue. Once you’re armed with this information it’s certain that your blockchain deployments are much more likely to join the road to success!
I'd love to hear what you think - leave a comment below the video with your thoughts. If you’d like to learn more and understand the opportunities blockchain presents to your business, feel free to sign up to one of our upcoming Principles of Successful Blockchain Deployments Webinars.