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RE: Blockchain and digital strategy.

in LeoFinance3 years ago

Incremental change happens slowly and there are many reasons why businesses won't be the first the put their head through the door.

I would suggest that one key element for an initiative like this is to identify and focus on a transformative opportunity that is not possible with current tech, this will accelerate showcasing the benefits. Something that is enabled by blockchain that is not possible without it.

What i experienced in my exploration into a blockchain business a few years ago is another challenge, people don't understand what you are doing. This affects funding, tech partner etc. So the key message here is timing is everything. If your idea is good, prepare and lie in the long grass until the right opportunity and timing are there.

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Changing anything is hard but business, procedures and mindsets are some of the most difficult as they can be so entrenched. It would need to be incentivized to have and large scale effect.

I would suggest that one key element for an initiative like this is to identify and focus on a transformative opportunity that is not possible with current tech, this will accelerate showcasing the benefits. Something that is enabled by blockchain that is not possible without it.

Very good point and something that could be looked at for further discussion.

I would think that blockchain knowledge has increased a lot over the past few years as it has become more developed for real use cases but I know that it is still a long way off being used by the general public as the tools haven't been built yet to make it happen in the background.

Timing is everything. Hit the market at the right time and you will catch a wave or get in too early or late and it will be passed over.

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