Companies can determine whether they should invest in the blockchain market by focusing on specific use cases and their position. [Read More]
Summary… * Machine-Made
Yet Bitcoin is only the first application of blockchain technology that has captured the attention of government and industry.
With this in mind, how can companies determine if there is strategic value in blockchain that justifies major investments?
Exhibit 2Three core insights about the strategic value of blockchainOur analysis revealed some key takeaways about blockchain.
#Blockchain technology can solve the need for an entity to be in charge of managing, storing, and funding a database.
The insights from our analysis suggest that, beyond the hype, blockchain has strategic value for companies by enabling both cost reduction without disintermediation as well as, in the longer term, the creation of new business models.
Opinion… * Man-Made
Source: Mckinsey & Company