{"id":2013,"date":"2019-10-16T05:15:39","date_gmt":"2019-10-16T05:15:39","guid":{"rendered":"http:\/\/kusuaks7\/?p=1618"},"modified":"2024-03-12T10:54:49","modified_gmt":"2024-03-12T10:54:49","slug":"the-blockchain-guide-for-ctos-and-tech-leaders-suitability-adoptio-regulation-hype-and-future-predictions","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/fintech\/the-blockchain-guide-for-ctos-and-tech-leaders-suitability-adoptio-regulation-hype-and-future-predictions\/","title":{"rendered":"The blockchain guide for CTOs and tech leaders: suitability, adoption, regulation, hype and future predictions"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tAs use cases for the technology grows, every business and CTO, or equivalent, will need a blockchain guide to help them navigate unfamiliar territory\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tCTOs and tech leaders need a blockchain guide. As the technology grows in potential, panelist and presenter at\u00a0Tech Leaders Summit<\/a>,\u00a0Dr Vince Ming<\/a>\u00a0\u2014 chief regional director at\u00a0FST Network<\/a>\u00a0and business advisor \u2014 helps Information Age dissect the technology.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tFrom what is the blockchain, to adoption issues and advice surrounding regulation, compliance and more, this blockchain guide from Ming is an invaluable tool for CTOs and other tech leaders looking at blockchain for their business.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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1. What is blockchain technology?<\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tWhat is a blockchain?<\/a>\u00a0\u2014 in a nutshell, the technology is an autonomous decentralised management system (DMS) for information storing and sharing. Here, the data is periodically validated and securely recorded by a group of distributed computing machines (or nodes).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThese computing nodes jointly \u201cwarrant\u201d the confidence of information being entered each time \u2014 making sure that it is always secured via a special consensus mechanism through performing an enhanced\u00a0mathematical verification process simultaneously by all participated nodes.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Blockchain is an autonomous Decentralised Management System (DMS) for information storing and sharing<\/h3>\n<\/blockquote><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIt can be viewed as a \u201cself-organised\u201d ledger (often known as DLT) with continuous growing pages of information added periodically. Each page in the ledger is a \u2018block\u2019 and the \u2018chain\u2019 is the page number linking all the blocks together in a sequential orderly manner, creating a chain of immutable and non-reversible data structure which is robust against the centralised hacking.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\nEach node holds a copy of the ledger, which is periodically synchronised and updated in a distributive decentralised manner to ensure everyone see the same information as the ledger grows in size. The choice of data and its storing structure represents various types of \u201cvalue\u201d that the nodes are hoping to maintain for its community, which can subsequently be utilised and \u201ctransferred\u201d across multiple users or entities within its community.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tBecause of these distributive, secured and immutable characteristics, this DMS is in fact a\u00a0newly invented community \u201cTrust\u201d machine<\/a>\u00a0(or rather an autonomous trustless system which allows\u00a0parties that are otherwise not trusting each other to come together and make deals). It\u2019s a technology that enables a \u201cvirtual trust\u201d without a centralised management and allows anyone (or any things) to come together and transact on large peer-to-peer networks.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tNow, due to the needs to \u201ctransact\u201d, a new form of digital currency or \u201ctoken\u201d (powered by the relevant DMS model) has been created, integrated and formularised. The so-called \u201ccryptocurrency<\/a>\u201d is nothing more than a new way of having a distributive trustless system to allow a secured transfer of \u201cvalue\u201d in the autonomous fashion across various parties when certain terms and conditions are made (e.g. payments or assets ownerships, etc.).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u201cNot all business model needs the blockchain solution\u201d\u2026 This technology is still at its infancy<\/h3>\n<\/blockquote><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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2. Suitability and adoption issues in blockchain<\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe potential economic impact and influence that cryptocurrency can bring onto the society, ensures this area becomes the new focal point of debate, whether it is on the viewpoints of future financial inclusion mechanism or the future drive of a new social economy landscape.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThis inevitably brings on the question of adoption and suitability into the equation. Currently,\u00a0not all business problems need blockchain solution<\/a>. (Note that the complete blockchain model we discuss here comprises of two parts: cryptocurrency and its relevant DMS).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\nThe bottleneck in adopting blockchain in a common business environment is largely caused by:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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a)<\/strong>\u00a0They don\u2019t see the underlying values that can revolutionaries their business.
b)<\/strong>\u00a0They don\u2019t have the capacity and capability to develop and execute it.
c)<\/strong>\u00a0They don\u2019t think it is fit for purpose and not suitable for the business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\"Blockchain technology adoption accelerating in enterprise\"<\/h4><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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As the benefits of blockchain adoption become more evident, large companies are increasingly implementing the technology into their operations. Read here<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tNo doubt, this technology is still at its infancy and most businesses view and evaluate the suitability of blockchain as the pre-cursor of adopting this technology, in which many fail to identify its full potential. So, the question of adoption is somewhat deteriorated already \u2014 at the very first stage of suitability determination, where many are restricted by their conventional mindset and limited understanding of this technology.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tOn the other hand, to the general public (whether businesses or individual), the blockchain is still a big unknown, as most do not fundamentally understand the underlying notion of having this new form of DMS and the relevant link to its cryptocurrency (in past decades, we are so getting use to the centralised management process in most aspects of our lives and we \u201ctrust\u201d them \u2014 e.g. central banking system, etc.).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tMany people only see it as another money making or investment opportunity via creating or purchasing the cryptocurrency in advance in the hope to see its value surge at a later date, \u00a0without actually understanding the underlying potential utility functions and development. When they realised that most crypto-projects were not realisable or in fact just a hype (failure to deliver a working DMS and its relevant cryptocurrency), they lost the confidence and quickly viewed it as scams and become very sceptical.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tTo correct this perception and ensure the positive drive adoption, proper education is the first key to provide good understanding of what impact this technology can really bring about in order to gain the confidence needed for its full deployment. People needs to know why the blockchain technology could be the next innovation revolution for driving the future generation of a new social economy landscape.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIt may not need to be an explanation on technicality, but at least to provide good reasons on how blockchain can provide further upgrades, while enhancing efficiency and convenience (in contrast to a centralised one) to dramatically improve lifestyle and quality in an unprecedented way. Only then will the public feel comfortable using and adopting it in their daily life styles.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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3. What are the key challenge in blockchain adoption?<\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tAdoption challenge comes in the following aspects:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\ta) Technical development<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe major problem and issue within the blockchain still lies mainly in the technical provisioning and its development aspects. The complexity of development is the key challenge in the following aspects:\u00a0i)<\/strong>\u00a0the ease of codes writing and implementation,\u00a0ii)<\/strong>\u00a0the scalability and performance,\u00a0iii)<\/strong>\u00a0upgradability and flexibility.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tAlthough the relevant programming languages for smart contracts may be having Turing completeness for implementation, it is still down to the developers to deliver the frictionless and flawless codes. The current format of smart contracts and its coding structure is still rather rigid due to the immutable characteristic it trying to preserve.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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A smart contract is like the vending machine where all conditions and choices for execution must be \u201chardwired\u201d in advance<\/h3>\n<\/blockquote><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThink of it like a vending machine where all the choices of execution and conditions must be \u201chardwired\u201d in advance. Hence, the prolonged period of testing before it can be confidently deployed, as no changes are allowed afterwards. Because of this, it is only suitable for those straightforward cases currently, which is highly inappropriate for most enterprises to use as the business logic is required to be evolved from time to time.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\"Are blockchain-based smart contracts stupid?\"<\/h4><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Blockchain-based smart contracts were supposed to revolutionise transactions, however, use cases are hard to come by and they appear unable to meet the needs of businesses. Read here<\/a><\/p>\n<\/blockquote>\nTransactions within blockchain are still very slow (as compared to current centralised method e.g. visa or master card) due to the validation process via the consensus protocol (i.e. PoW). It is still\u00a0immature and insecure as compromises were made in those newly proposed protocols (i.e. PoS and PoA). The challenge in finding the ultimate solution for addressing once for all the blockchain \u2018trilemma\u2019 issues (i.e. decentralisation, security and scalability) is still at large.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tb) Standardisation, integration and collaboration<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tWith the increasing number of players and various emerging blockchain networks, each promoting their own technology, there are simply too many choices without a proper way to evaluate whether or not these networks (and their techniques) are suitable and sustainable for its future usage and development continuation.\n
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Good standardisation and interoperability could help to ensure the suitability, sustainability and project integration for better adoption<\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tHence, it is vital to either have an industrial-scale standardisation for future blockchain development (suitable for all vendors to adopt regardless of their use cases and business models) or to allow some forms of connectivity or integration of different blockchain models via the route of the interoperability provisioning.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tHaving good standardisation and interoperability could help enterprises to collaborate on application development, validate proofs of concept, and share blockchain solutions as well as making it easier to integrate with existing systems.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Interoperability allows the \u201ctransferability\u201d across the networks, which in turn helps to drive collaborations amongst institutions, industries and corporates<\/h3>\n<\/blockquote><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tInteroperability will allow the \u201ctransferability\u201d from one network to the next one, especially on mechanism for having various cryptocurrencies to transact through different (DMS) systems is crucial for the successful survival and evolution of this technology.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThis transferability will help to drive the collaborations amongst institutions, industries and corporates towards defining and devising new waves of business development and extendibility.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThis is also applicable for the rise of other potential emerging technologies such as AI, IoT and 5G ultra high speed communication protocols, which also signify the potential technological combination and integration possibility with the blockchain used as the underlying data engineering.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tFrom the user perspective, efforts should be focused on how to combine seamless and safe user experiences, while utilising gamified rewards to incentivise usage. Complicated blockchain features (such as tedious login, lengthy password keys and even wallet address) should be \u201ccamouflaged\u201d and hidden away from the users (i.e. user does not need to know if the App or platform they used is driven by blockchain or not), while still maintaining high level of security.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tAgain, the user wants to feel safe and in control of their data with a reasonable level of privacy, while having easy access of services via a robust yet minimum safety mechanisms to protect their cryptocurrency. Until all these are sorted and designed properly, blockchain technology will require constant integration adjustment and improvement with actual consumer utility \u2014 before it is well-positioned to lead the masses towards a future where users are rewarded constantly, as they take an active role in crafting the services the trust and rely on.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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c) Regulation and compliance<\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tRegulation and compliance will be one of the major deciding factors in determining the utilisation of the blockchain technology. In particular, how the relevant authorities define and envision the regulatory framework will have direct influence on the implementation of the use cases. The regulations are supposed to protect the people from the potential destructive influences of technology but not to directly shape the discovery and invention of technology.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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One vital feature in blockchain is that a proper DMS provisioning could potentially remove the centralised control, which from the monetary perspective is an uncharted territory for the authority to consider\u2026<\/h3>\n<\/blockquote><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t<\/blockquote>\nWe have seen various rounds of definitions in blockchain driven currencies or digital entities that have emerged (i.e. ICO, STO, stablecoin, etc.) and how the authorities struggle to determine their relevant confinement and exclusion for the suitability and adoption consideration.\n
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\"Integrating IoT with blockchain: a trust and security game changer\"<\/h4><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tHowever, this is a rather an interesting aspect. It has been mentioned earlier that one of the important features in blockchain is to allow a proper DMS provision and development that could potentially remove most of the intermediary or centralised control, which from a monetary perspective is a completely unchartered territory for authorities to consider.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tOn one hand, it tries to protect public from the scam and make sure those investing in crypto-based models understand the risks involved and on the other, it tries to understand how this blockchain innovation tends to migrate towards a more decentralised model that could potentially change the future monetary and regulatory decision.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tHowever uncomfortable it may seem to realise, the blockchain evolution is here to stay and must be allowed to grow into maturity, where the regulatory decision makers must weigh and balance on both sides of the technological contribution, as well as the legal implications.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Regulation and compliance authorities must stay open-minded, keeping up-to-date familiarity with the evolution and revolution of blockchain\u2026<\/h3>\n<\/blockquote><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\"Blockchain technology: from hype to reality\"<\/h4><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Blockchain technology has simmered beneath the surface of the banking industry for sometime, and now the tech\u2019s commercial adoption is set to surge. Read here<\/a><\/p>\n<\/blockquote>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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4. Is hype a problem?<\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tGenerally speaking, most blockchain projects are mostly still \u201chype\u201d at this stage, because of it development immaturity. However, through this hype, greater innovations can be realised through competition. Competition is good as it drives the better products on the market. Therefore, having multiple blockchain protocols won\u2019t be the issues as different protocol has its own advantages in different business scenarios and use cases.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tNonetheless, the issue is how are we effectively going to transfer the values amongst different chains\/protocols? This is a key concern that needs to be addressed in order for blockchain technology to thrive in a so-called global collaborative environment. We will ultimately need a middle layer connecting these difference chains and allow them to transfer assets or value across smoothly and making sure the relaying of the data is secure and available.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tFor example, think of it like the previous internet era where there are many ISPs (internet service providers) and servers keeping the records for information exchange and accessibility, but it is only when companies like Google \u201cthe ultimate Search Engine\u201d thrived then only internet become a better place.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tHowever, we might be at a pre-crisis era where innovations are evolving so rapidly in such a way that it may have unpredictable impacts on the younger generation, as they may not have the chance to understand and witness the entire journey of how this innovation progresses.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tFor example, a three-year-old boy may not have the chance to realise the use of fiat currency, as well as the concept of money spending. To them, maybe the new form of cryptocurrency is just a tool (evolving towards a point system) for obtaining what they want. They may not even understand the meaning of finance and investment as the machines are doing all these on behalf of them (constantly mining for the points they need).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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5. Future predictions for the blockchain<\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tNevertheless, blockchain technology is still quite remarkable \u2014 we now have a technology that for the first time in history, allows anyone (including machines) the capability to build a \u201ccorporation\u201d or business model on the network (via coding smart contracts) without having to domicile in a specific physical location. Instead, we can operate as an independent entity on the blockchain (this is also know as the Decentralised Autonomous Organisation \u2014 DAO).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tAlthough the calling of DAO can be quite confusing, its original intention is to streamline the idea of the \u201copen-software\u201d concept for various smart contracts to collaborate together \u2014 where anyone can access existing developments, borrow the structure and build further \u201cextended parts\u201d, in order to create another better or new version of smart contracts autonomously, where smart contracts can eventually be really smart. (Smart contracts calling and generating smart contracts, creating new super-smart decentralised Application \u2014 Super dAPP).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\"Predictions for 2019: Blockchain, AI and AR technology, Transitioning from unfamiliar entities into targeted solutions\"<\/h4><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t

Predictions for Blockchain, AR and VR technology: High in the sky aims have given way to clear, targeted goals and expectations. Read here<\/a><\/p>\n<\/blockquote>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tThe notion of smart contracts was supposed to be a globally accessible capability to be used by anyone (as they see fit) to develop a better and greater idea. If this original notion can be pursued, then it will be a game changer \u2014 it will ultimately, drive attempts to achieve an unprecedented level of institutional collaboration via a global peer-to-peer trustless system.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tSo, when blockchain adoption is no longer an issue and the technology becomes fully mature, various forms of new ideas and business models can be instantly generated, tested and realised with rapid adjustment via this autonomous DMS structure (smart contracts calling smart contracts), where collaboration can be automated and subsequently improved or fine-tuned towards driving, defining and creating a better version of the social economic landscape. The possibility is infinite with blockchain!\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

As use cases for the technology grows, every business and CTO, or equivalent, will need a blockchain guide to help them navigate unfamiliar territoryCTOs and tech leaders need a blockchain guide. As the technology grows in potential, panelist and presenter at\u00a0Tech Leaders Summit,\u00a0Dr Vince Ming\u00a0\u2014 chief regional director at\u00a0FST Network\u00a0and business advisor \u2014 helps Information<\/p>\n","protected":false},"author":635,"featured_media":4245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[192],"tags":[98],"ppma_author":[3361],"class_list":["post-2013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-blockchain"],"authors":[{"term_id":3361,"user_id":635,"is_guest":0,"slug":"nicholas-ismail","display_name":"Nicholas Ismail","avatar_url":"https:\/\/www.experfy.com\/blog\/wp-content\/uploads\/2020\/04\/medium_7846d3d9-9e57-4968-8d69-64a8c8947899-150x150.jpg","user_url":"https:\/\/www.information-age.com\/","last_name":"Ismail","first_name":"Nicholas","job_title":"","description":"Nicholas Ismail is Editor at Information Age<\/a>.\u00a0 He writes original articles for the magazine and website, interviewing business leaders both on and off-camera while providing analysis for IT and business leaders on the latest technology trends disrupting the industry."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/2013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/635"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=2013"}],"version-history":[{"count":5,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/2013\/revisions"}],"predecessor-version":[{"id":36365,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/2013\/revisions\/36365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/4245"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=2013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=2013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=2013"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=2013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}