Enterprise blockchain adoption is continually growing, although a majority of corporate executives still refuse to transition their outdated digital systems onto the blockchain. This is because they are set in their ways, and they usually think that these kinds of changes would be expensive.
However, enterprise blockchain—at least when built on a scalable network like BSV blockchain—is not as expensive as business leaders may think, and upgrading to it actually saves a lot of money in the long run. But first, executives need to recognize the substantial benefits enterprise blockchain adoption would bring to their companies.
At LEAP 2022, an inaugural tech event on disruptive technologies held in Riyadh, Saudi Arabia, one of the highlights is showcasing the capabilities of enterprise blockchain to global business leaders.
A global blockchain convention such as LEAP 2022 promotes a growing awareness of this next-generation technology that serves to improve digital infrastructures by providing transparency, integrity and security to data. This is vital to the success of businesses as data is the foundation of corporate processes, strategies or implementations.
Hakan Yuksel, CEO of research and development firm nChain, fully recognizes the importance of attending a global blockchain convention. Yuksel, who was appointed as CEO of nChain in October 2021, knows that in order to become an effective leader, he would have to dive headfirst into the world of blockchain.
“I think that you have to be here. If I would have stayed in London, in Zurich, I would have gotten a summary. Someone would have filtered the information, but you would have never understood really the amplitude of the need, but also the local practices. There are specificities here and you have to come here and listen to that because sometimes you get it right or wrong by very little. And I want to have it right for nChain, by a lot,” Yuksel said on the sidelines of LEAP 2022.
According to Yuksel, education is the first step when it comes to corporate executives even considering enterprise blockchain adoption. They would have to understand first what blockchain can bring to their companies before they would even think about changing the digital infrastructures they have grown accustomed to.
“Education is really the first step. Interestingly, there are many corporations like ours, which brings true education. We are in a world where YouTube brings you a wealth of information. Saying that, you have to filter a bit. So, I would say, educate yourself, educate your staff. Usually, large corporations have done large, large investment in some type of technologies, and you need to reskill so people must be brave and adapt to the new,” Yuksel advised.
And with nChain’s Kensei platform, companies do not even need to hire people or build a team specialized in blockchain technology to be able to gain access to the powerful capabilities of the BSV blockchain. The beauty of blockchain is that it is not industry specific, meaning all types of industries can benefit from it.
“nChain is here very much to code and deploy a global platform, an open platform. And that’s wonderful. And Kensei comes as a layer in an industry agnostic matter. So, what we provide is valid for the gambling industry, but it could be health care, it could be automotive, name it. So yeah, it’s valid for everyone,” Yuksel revealed.
Just like how the Internet has created this online way of living, so will blockchain create an on-chain world that would further enhance the ease and success of doing business in the modern era.
