Of course, what we know as blockchain today will likely look much different in the not-too-distant future. The technology is still developing, skilled resources are hard to find, and there’s not a lot of clear standards or regulations in place—all of which might impact adoption for a while.
“Companies are reticent to jump on blockchain because it’s too immature at this point,” Gitney said. “For solution providers, the focus needs to be on standardization and developing a great story. We’re probably four or five years away from seeing blockchain as mainstream, but it will come.”
Companies have spent so much money on their technology infrastructure, it will be difficult to get them to redefine and redesign around blockchain, Gitney said. “You need to take an incremental approach and focus on businesses that need to have a full chain of custody and provenance for compliance. These companies will realize a fast ROI.”
Another obstacle for blockchain adoption is a dearth of developers, but also skilled resources that understand how the technology fits into business, said Satija. “Right now, it’s a specialized, niche area. It’s very different from most other web technologies. But it’s more than technology. It’s business processes and process workflows,” he said. “This is not putting up a website or an accounting system only used by accountants. It’s a paradigm shift and we need an entire community of people that know the functional requirements really well.”
Start the Conversation Now
Overall, it’s a matter of when, not if, blockchain reaches critical mass in the market, executives said. During this maturation phase, it’s important for solution providers to learn the subject matter and start conversations with customers in order to establish themselves at thought leaders now, according to Annette Taber, CompTIA’s vice president of industry outreach.
More Info: comptia a+ description
“Companies are reticent to jump on blockchain because it’s too immature at this point,” Gitney said. “For solution providers, the focus needs to be on standardization and developing a great story. We’re probably four or five years away from seeing blockchain as mainstream, but it will come.”
Companies have spent so much money on their technology infrastructure, it will be difficult to get them to redefine and redesign around blockchain, Gitney said. “You need to take an incremental approach and focus on businesses that need to have a full chain of custody and provenance for compliance. These companies will realize a fast ROI.”
Another obstacle for blockchain adoption is a dearth of developers, but also skilled resources that understand how the technology fits into business, said Satija. “Right now, it’s a specialized, niche area. It’s very different from most other web technologies. But it’s more than technology. It’s business processes and process workflows,” he said. “This is not putting up a website or an accounting system only used by accountants. It’s a paradigm shift and we need an entire community of people that know the functional requirements really well.”
Start the Conversation Now
Overall, it’s a matter of when, not if, blockchain reaches critical mass in the market, executives said. During this maturation phase, it’s important for solution providers to learn the subject matter and start conversations with customers in order to establish themselves at thought leaders now, according to Annette Taber, CompTIA’s vice president of industry outreach.
More Info: comptia a+ description
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