Today’s CXO is often faced with making decisions before all the aspects of an emerging technology are known. Take for example Blockchain technologies, something that there is a lot of talk about, as well as perceived need, yet still shrouded in mystery. Add to that the intricacies of edge computing and CXOs start to tread in uncertain territories. The potential intersection of edge computing and blockchain deserves a much closer look before CXOs pull the trigger.
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Cryptocurrencies and Blockchain are tremendously misunderstood and misrepresented in the media and within the industry today. The challenge in properly understanding Blockchain and its applications such as Bitcoin is rooted in the fact that Bitcoin is neither a technology, a currency or digital gold. It is what people think and imagine it to be at the moment, which is the problem that also infects the discourse around Blockchain.
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Business leaders need to tread carefully. The Blockchain gold rush is on and there is plenty of fool’s gold out there. However, just like the Internet, technologies such as Blockchain can have significant implications for your business and industry and should be taken seriously.
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