Key Factors for Blockchain Scalability and Viability PPT
This PPT slide, part of the 87-slide Digital Transformation: Blockchain Technology PowerPoint presentation, presents a strategic insight regarding the scalability of blockchain technology, emphasizing that meaningful deployment is projected to be 3-5 years away. It outlines 4 critical factors that organizations must address to unlock the full potential of blockchain applications.
The first point stresses the necessity for common standards. Without established regulations and standards, organizations face significant switching costs, which hinder the widespread adoption of blockchain solutions. This lack of uniformity is a major barrier to scaling applications effectively.
The second factor highlights the current immaturity of blockchain technology. It notes that the technology is still evolving, leading to increased complexities and costs associated with switching to blockchain-based systems. This immaturity limits the viability of blockchain in practical applications, suggesting that further development is essential.
The third point focuses on the digitization of assets. It argues that for blockchain to be effective, the assets involved must be easily digitized. This includes assets like equities, which can be recorded and transacted on a blockchain system. The ability to digitize assets is a crucial determinant of whether blockchain can be successfully implemented.
Lastly, the slide introduces the "Coopetition Paradox." This concept refers to the need for collaboration among competitors to create a viable ecosystem for blockchain use cases. The environment in which blockchain operates plays a significant role in defining the critical mass necessary for its feasibility.
Overall, the slide succinctly outlines the hurdles that must be overcome for blockchain technology to reach its full potential, providing valuable insights for decision-makers considering investment in this area.
This slide is part of the Digital Transformation: Blockchain Technology PowerPoint presentation.
This presentation is created by former McKinsey, BCG, Deloitte, EY, and Capgemini consultants based on the Blockchain thought leadership global consulting firms.
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