The Challenge for Executives to Understand Blockchains

in #bitcoin5 years ago

Forbes has published an article today entitled “The New C-Suite Confession: I Don’t Get Blockchains“. It recounts a common worry from many C-level executives that they neither understand blockchains nor the potential impact on their business.

The article cites a survey by Deloitte, where 84% of 1,000 “blockchain-savvy” executives believed it would achieve mainstream adoption.

Given the response, many less savvy executives are finding themselves admitting that they know little about blockchains and face a steep learning curve.

From our view, the savvy-executives are correct that mainstream adoption will be inevitable. From the plethora of scams, weak offerings and get rich quick schemes, a few true use cases will emerge. As the ecosystem widens, more applications will be found which will drive further innovations. Each innovation will bring on further adoption.

Full coverage: https://bitfudge.com/20190114-the-challenge-for-executives-to-understand-blockchains/


What do you think are the challenges business leaders face with understanding blockchains? Let us know in the comments below.

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