Understanding Regulation with Blockchain Technology

Ensure that your blockchain initiatives comply with regulations.
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Major Business Pain Points

  • Blockchain, the underpinning technology behind bitcoin, is touted as a powerful technology capable of transforming the entire business world and enhancing security and reportability.
  • Many companies are racing toward blockchain adoption in hope of making reporting and compliance easier.
Understanding Regulation with Blockchain Technology-Pain Points

Recommendations

Key Points

  • Do not panic if your blockchain use case is unique. The vast number of benefits and deployment options for a blockchain solution has led to countless use cases.
  • Understand how blockchain impacts your organization and ensure appropriateness to your current solutions. Determining how blockchain aligns with your organizational security and reporting will dictate its adoption.

Approach

Understanding Regulation with Blockchain Technology-Recommendations
  • Distinguish blockchain from cryptocurrency by defining blockchain around its unique technological and security/reporting features. The definition should offer a clear understanding of the key characteristics and benefits that blockchain can offer your organization.
  • Discover successful blockchain use cases in different industries. Business leaders can leverage tangible, real-life examples to interpret the impact of blockchain on their own industry.
  • By analyzing the value to their business, users can understand pain points and use cases that would be impacted. Begin the transformation by brainstorming use cases for the organization based on its current security, reporting, and forensic needs.
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Methodology and Tools

Executive Brief

Read the concise Executive Brief to find out why you should understand regulation with blockchain technology and review the methodology.

  • Understanding Regulation with Blockchain Technology – Executive Brief
  • Understanding Regulation with Blockchain Technology – Phases 1-2

1. Evaluate how blockchain can disrupt data reporting

Understand blockchain through a business-centric definition. Discover use cases of blockchain across industries.

  • Understanding Regulation with Blockchain Technology – Phase 1: How Blockchain Can Disrupt Data Reporting
  • Blockchain Glossary

2. Build and evaluate an inventory of use cases

Envision how blockchain can enhance your organization’s key capabilities. Determine whether blockchain aligns with your enterprise.

  • Understanding Regulation with Blockchain Technology – Phase 2: Build and Evaluate an Inventory of Use Cases
  • 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.