Executives stop ignoring blockchain 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
Be ready, 2022, will go faster & 4 measurable predictions Whether we like it or not, the world is rapidly moving into a technological era, and at an increasing pace. This is essentially changing how businesses are being operated and ultimately, how value is added for customers. In the past, digital transformation was a long process that often took years to achieve for companies due to the many complexities involved. However, nowadays, the shift can be made in a matter of months. This is the acceleration aspect of digital transformation. Here is some food for thought, These things or companies didnt exist on Christmas 20 years ago: IPhone Facebook Youtube Instagram Twitter Android Bitcoin TikTok Tesla Ipad Google map Netflix streaming Amazon Prime SpaceX Slack Skype Whatsapp AirBnb Uber Linkedin This digital transformation has become inevitable for all businesses, but the real question if you dont do anything about it and evolve, you will become extinct. These 20 companies or solutions disrupted and extincted many large cap companies. Embrace 2022, we’re entering a time period of exponential rapid change. 4 predictions for 2022 1- To curb emissions and the pandemic showed that it wasn’t necessary to go into the office to be productive , Remote work will rule. 2- Instead of Zoom or Team calls, you will interact with coworkers and clients in a virtual environment that feels real. The metaverse will offer new, exciting opportunities to people. It will be an enhanced work-from-home experience that makes you feel part of the team and not isolated alone in your apartment or home. 3- Blockchain and crypto will go mainstream and companies will begin to embrace the integration with their legacy offerings. Cryptocurrency will be renamed digital assets. 4- NFTs — digital tokens that represent ownership of assets and can be traded on blockchain exchanges — will start infiltrating the mortgage market, this will shake up our understanding and comprehension of home ownership. Wish all my readers a great 2022, filled with health, happiness and success.
Integrating blockchain with existing solutions The past 6 months, receiving lots of requests for incorporating blockchain within existing corporate solutions. Here are some tips for companies starting their journey with blockchain. The core principle of Blockchain is to keep records transparent and information tamper-proof. When defining your issue you want to resolve make sure you grasp your actual internal use case. As an organization, you need to define the specific problem you are trying to solve within that use case. Then you must determine which transactions or interactions the blockchain should capture and who should have access to which portions. Quick list of key questions to ask: What are you trying to do What value do you want to capture For Whom Record Information and Knowledge Customers Track Attribution and Responsibility Suppliers Verify Decision rights and votes Investors Aggregate Contracts and Transactions Government and citizens
