- The biggest challenge to companies creating blockchain apps isn’t the technology — it’s successfully collaborating with ecosystem partners.
- The Research
- The authors studied over a dozen live blockchain applications including TradeLens, the IBM Food Trust, the Grass Roots Farmer Cooperative, We.Trade, KoreConX, MediLedger, Santander (bond issuance and settlement), SmartResume, WineChain, ANSAcheck, Rapid Medical Parts (3D printing of parts to convert sleep apnea machines to hospital-grade respirators), Stellar (payments platform), and Xbox royalty payments (compensating content creators).
- Blockchain has been presented as a disruptive technology that holds the potential to revolutionize tech businesses and tech landscapes. While it may certainly accelerate technology road maps, it will most likely do that as a complement to existing technology.
- The pattern that has begun to emerge is one of blockchain complementing existing technologies instead of replacing them. Blockchain benefits from existing technology inputs instead of making them obsolete.
- Blockchain-enabled solutions are here for leaders and are coming for fast followers. Ecosystem partners need to be sold on the business vision, and the technology implementation should be relegated to the background.
Category 2: The Big Picture of the Digital Age
[genioux fact produced, deduced or extracted from MIT SMR]
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