IBM Names Three Blockchain Adoption Principles Essential for Every CEO to Consider

It is now clear that, Blockchain, or distributed ledger technology, is quickly paving its way into the enterprise, as revolutionary a technology for business transactions. Because blockchain is built on the concept of trust, it can help reduce risks of illicit practices carried out over payment networks, helping to mitigate fraud and cybercrimes. Speed, cost efficiency and transparency are among blockchain’s most significant benefits in the enterprise and within ecosystems of companies conducting trade.

IBM has identified three key elements of enterprise blockchain adoption for c-suite leaders to consider when evaluating the technology for business use.

Respectively, we must understand that,

1. Blockchain has the potential to transform trade, transactions and business processes,

2. The value is in the ecosystem as the blockchain network grows,

3. Blockchain can significantly improve visibility and trust across business.

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