Demystify Blockchain: How Can It Bring Value to Your Organization?

A guide to understanding distributed ledger technology.
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Major Business Pain Points

  • Most leaders have an ambiguous understanding of blockchain and its benefits, let alone how it impacts their organization.
  • At the same time, with bitcoin drawing most of the media attention, organizations are finding it difficult to translate cryptocurrency usage to business case.

Recommendations

Key Points

  • Cut through the hype associated with blockchain by focusing on what is relevant to your organization. You have been hearing about blockchain for some time now and want to better understand it. While it is complex, you can beat the learning curve by analyzing its key benefits and purpose. Features such as transparency, efficiency, and security differentiate blockchain from existing technologies and help explain why it has transformative potential.
  • Ensure your use case is actually useful by first determining whether blockchain aligns with your organization. CIOs must take a practical approach to blockchain in order to avoid wasting resources (both time and money) and hurting IT’s image in the eyes of the business. While is easy to get excited and invest in a new technology to help maintain your image as a thought leader, you must ensure that your use case is fully developed prior to doing so.

Approach

  • Follow the methodology for simplifying an otherwise complex concept. By focusing on its benefits and how they directly relate to a use case, blockchain technology is made easy to understand for business and IT professionals.
  • Our program will help you understand if blockchain is the optimal solution for your organization by mapping its key benefits (i.e. transparency, integrity, efficiency, and security) to your needs and capabilities.
  • Leverage a repeatable framework for brainstorming blockchain use case ideas and communicate your findings to business stakeholders who may otherwise be confused about the transformative potential of blockchain.
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Methodology and Tools

Executive Brief

Read our concise Executive Brief to find out why your organization should care about determining whether blockchain aligns with your organization, review the methodology, and understand the four ways we can support you in completing this project.

  • Demystify Blockchain – Executive Brief
  • Demystify Blockchain – Phases 1-2

1. What exactly is blockchain?

Understand blockchain’s unique feature, benefits, and business use cases.

  • Demystify Blockchain – Phase 1: What Is Blockchain?
  • Blockchain Glossary

2. What can blockchain do for your organization?

Envision blockchain’s transformative potential for your organization by brainstorming and validating a use case.

  • Demystify Blockchain – Phase 2: What Can Blockchain Do for Your Organization?
  • Blockchain Alignment Tool
  • Blockchain Alignment Presentation

All resources on this page are provided to Cyber Leadership Hub members under license from third parties including Info-Tech Research Group Inc, a global leader in providing IT research and advice.