Executives stop ignoring blockchain
- by Alex Antonatos
Blockchain has already started to revolutionize ways of doing business, but even CIOs aren’t totally on board, let alone the rest of the executive leadership team, in my opinion this is a huge mistake. You must start experimenting with one of your business processes.
Startups and leading digital enterprises are nevertheless deploying blockchain to solve problems and create value that conventional, centralized technologies and processes can’t. On example, the cryptocurrency market is now worth around $2 trillion, and nation states and public and private companies own nearly $100 billion of Bitcoin alone.
A tangible example is a local Montreal company called Shakepay, a technology company that provides financial applications for building wealth. Canadians from all walks of life — college students to retirees — use Shakepay to connect with the digital economy built on the Internet.They started in 2015, and have had exponential growth, their successful business model has constantly been to create value for its customers . Scalability is how theyre business model expanded without increasing costs to the same extent. Software business models are naturally easier to scale than those based on physical values. The direct marketing approach is excellent , easiest way to buy digital assets using interac transfer and have a good customer service, they give you a 30$ free bitcoin on first purchase of 100$ or more.
Here is the link if your interested and you will get $30 of free bitcoin on your first purchase: https://shakepay.me/r/ZZPBYOK
Im suspecting the finance industry is racing to catch up to these startups. Pension funds, insurance, banking want to compete in this new world and profit from it. Their approach will be two-pronged: experimenting with cryptocurrency offerings and lobbying regulators to create rules to officialize the space.
I am so confident that assets will move to the blockchain because of the efficiencies and enhancements are just too substantial to be ignored even by large corporations like pension funds, banking and insurance as a way to retire in the long run their legacy systems.
If interested to learn more some free Harvard courses that explain the different concepts of blockchain: http://tech.seas.harvard.edu/free-blockchain