Bitcoin Forum

In the present Article of today, dated: 02/19/2019,
whose source is: https://cointelegraph.com/news/new-survey-indicates-businesses-unprepared-to-deploy-blockchain-technology
I want show what many entrepreneurs are looking for:



A new study has revealed that, while businesses are considering blockchain adoption, overall they do not feel ready to implement the technology. The survey was conducted by software development firm Globant and published on Feb. 19.

The report says that 64 percent of organizations are intent on investing in blockchain solutions to improve their internal operations, while only 46 percent of respondents feel ready to deploy the technology.

Out of 61 percent of organizations that are already researching blockchain, only 28 percent have chosen a blockchain provider. According to the survey, the majority of decision-makers are still investigating the technology and comparing vendors, and have not yet defined their stance on blockchain tech.

Diego Tartara, CTO Latin America at Globant, said, "Blockchain implementation is different for every organization, so it's imperative for business leaders to have a unified idea of what their integration will look like. The technology as such usually requires a shift in paradigm to adopt it, thus sharing core objectives for the technology is key for a successful blockchain integration."

To prepare the study, the researchers reportedly surveyed 679 senior-level decision makers employed in the fields of marketing, IT and operations in the United States during first quarter of 2018.

Earlier this month, a TD Bank survey revealed that 90 percent of treasury and finance professionals think that blockchain and distributed ledger technology (DLT) will positively affect the payments industry. Per the survey, only 14 percent of the respondents said that their organization has training strategies for blockchain.

A survey by the Global Blockchain Business Council published last January revealed that 63 percent of respondents believe that senior business executives have a poor understanding of blockchain technology. 30 percent consider their knowledge of the emerging technology as “average.” The remaining 7 percent described senior executive understanding of blockchain as “good.”

My analysis:

According to the Blockchain Technology it offers great advantages and is based on NO-CORRUPTION, due to this, Many Managers and Owners of Companies have been interested in acquiring the technology, but, what Model of Business represents? By having a clear view of the insurmountable solutions that can give quickly and effectively, what they think is that many do not care about technology, they are not interested in making transactions through Bitcoin or Cryptocurrency in a fast and safe way with the right to have private and public audits, some entrepreneurs are only interested in the business model that can be established with a consultant and obtain additional profit from the proposed objectives, for many Business Owners, they see ICO's as very favorable, who want to achieve great things through blockchain , but they do not see it possibly realistically, they see it as Castles in the Air, as it happened in the years 60,70, 80,90, in the Stock Exchange, when they presented projects, such as tulips, others that allowed and assured that it was going to be able to catch odors on the internet, which were not physically feasible, nowadays the new policies for ICO's have been changed. By STO, I think that in this way they can have a greater control and that the most wanted desire that is to believe in Technology is much more attractive as a Business Model in the present to the Future.

I think more than usage blockchain be some business are always been very useful for our future generation to get the income every time without any problem in their life so I think both are profitable but business are more stable.

When we take a look at Blockchain technology we observe there are a lot of advantages of using it. Pryople can make faster transactions with lower fees and its way more secure. But as the article says its hard for any business to implement it because it would take some time for people to adopt it. Blockchain is not something new but still very little percentage of the population know what it is and how it works,thats the reason why companies don't want to get involved with it.

The survey’s outcome have shown weakness on bitcoin technology, more on security reasons and lack of information dissemination. The triggering factor for a wide spread business adaptation of certain technology is acceptance and endorsement from the financial experts/government entities, but the sad part is they’re BS towards banking sectors is much higher and have bigger value in terms of “dollars in the pockets” if you know what I mean.

It is so, that's why I infer that what matters to many is the business model, safe businesses, very few bet on technology, I especially am a great technology enthusiast, but to get there you have to go through a series of events that have technology as the only way out.

Its a common thing to see the industry or companies still hesitate to used blockchain, we are in the process of researching to see how effective is the blockchain technology and where should they used it, blockchain is getting more popular and in some sector it had been able to solve dispute problem, but its not that easy to just shift the system and implement the blockchain technology, there are some step that need to be taken and some risk that need to be evaluted

Honestly blockchain is super new to the world, a decade is not long enough to decide if software world will change to that or not, its still a good amount and in 10 years of existence people knew they wanted an iphone and everyone was getting one so lets not assume that 10 years is not enough time to get adopted, a mobile app like pokemon go can get 50 MILLION users in couple days so if blockchain was something major it would have been adopted already but its a b2b software idea and is not a "must" for the companies so they are looking at it like "this could be better than what we use right now but there are not enough developers for it so lets wait".

So, the more blockchain developers arise from the world the more companies will start to adopt it but it will have to wait until there are enough coders out there.

Which is true. Most businesses don't really need to rely on blockchain to make better outputs and to serve the public better, and most are just riding the hype in order to gain that funding they so do wanted from their investors. Most companies looking at the said tech don't really have the in-depth understanding of what blockchain really is, and just nods their head whenever someone told them that it's all good and will make their systems stronger and more efficient, even if they clearly don't need it just yet.

It's too early to talk about mass blockchain implementation.
The real benefits of using blockchain technology still aren't proven to work.It's all just wishful thinking and propaganda("hey,the blockchain technology is awesome,why isn't anybody adopting it?"). ;D
Such investment is risky and it's not quaranteed that it will reduce the operating costs of any business.

It is appropriate for those who want to invest in a blockchain solution because Blockchain is a technology that cannot be denied and this will be very beneficial for them.  And these people are forward-thinking people who know where they will take their position and know that the Blockchain's future has great prospects because basically the use of Blockchain technology is safer than other alternatives because the blockchain has wider access that can reach all transactions and this will help their business processes become more efficient.

I'm sure they - those who haven't determined their attitude about blockchain technology will eventually follow.

Still people are finding hard days against implementing the blockchain on their business and even satoshi did that after too long time after the invention of blockchain technology so definitely it will take time and it may not decrease the operating cost but surely it will reduce the maintenance cost of the managing stored data.

Yeah, hype is driving anyone to look for solutions for nonexistant problems.
Everyone is talking about blockchain, blockchain, blockchain but distributed databases have been used for years, one example is Cassandra and its use by Apple (https://www.techrepublic.com/article/apples-secret-nosql-sauce-includes-a-hefty-dose-of-cassandra/)., 10 petabytes of data, 75k nodes, fault-tolerant... is there any need for a blockchain?


As I was saying...

https://i.imgur.com/r7FEVLY.png

Yes, then all this leads in a few words to think what I said, many study the possibilities of acquiring Blockchain, but, other solutions are more feasible without first going in the direction of technology, it is still better to establish the best relationship of Model of Business ... So how can Blockchain compete or how can it become an infallible business method? In order to attract not only more progress but to be accompanied by technology ...

The blockchain is not something new right now, some people in all countries must know this technology, using blockchain is indeed getting some advantages in transactions and is suitable for people who do business. However, adoption of blockchain technology is not a cheap thing, besides that, blockchain technology and its products are still pro-contra in various countries. Those two things caused many companies to reconsider adopting it.

It's too soon to discuss mass blockchain execution. The genuine advantages of utilizing blockchain innovation still aren't demonstrated to work.It's everything simply unrealistic reasoning and propaganda.Such speculation is unsafe and it's not quaranteed that it will lessen the working expenses of any business.

If there is more useful system, why? The reason people are less interested about Blockchain is that they have little information. Only time is needed for adoption. Governments are hidden in the hole in these matters, and their indecisiveness is reflected in them.

Of course, that's why I think everything is based on a business model, I love being a Blockchain enthusiast, because I do not deny that I like technology, although many of the reasons why governments do not opt ​​for this technology it is because it represents an incorruptible tool.

Still, there's an innovative research about blockchain and there's a continuous project about it so i agree. Blockchain will give more productive research and will be more versions of it, they must use and specialize this kind of technology 'cause it can affect our society and future. Here in our university, there's a project study about blockchain and they're testing and analyzing the algorithms about it. I still hoping about new technology or more advanced than this thing we have.

There is a big, big difference in terms of using blockchain to serve as technology infrastructure in a business, or to gain investment, and actually using decentralised cryptocurrencies to their advantage.

What most businesses that are interested in blockchain technology are really trying to do is cost reduction, and trying to maximise efficiency, and have an immutable ledger to prevent potentially fraud/tampering with their data. That I think is completely fine, but it isn't something that actually affects the adoption of bitcoin and other cryptocurrencies themselves.

Also, the abundant amount of crypto projects out there that claim to solve issues are honestly just there to suck up investor money.

On the other hand, if businesses actually started to accept bitcoin, or used it in overseas trading (just for an example) in order to mitigate exchange spreads and international transfer fees, then it'll actually increase demand and adoption. I think this is the type of adoption that will be the most beneficial for BTC, as opposed to purely private use as a database.

this happens because the level of government trust in the blockchain is not yet full, so there is no legalization from the government, I think that affects the current use of blockchain. even so with the technological sophistication that is owned, of course there will be many who use it later

I appreciate and prefer Business model to Blockchain not because business model is a better technology but because Blockchain exposes the lies, the hypocrisy, sycophancy and the dirty deals among  business operators but sooner than later Blockchain technology will rule the world.

Blockchain is not just for financial transactions and payments record but also virtually everything of value/data. Companies will adopt blockchain according to their need.
We are heading towards the digital world where companies will need transparent, democratized and secure system for their business, and thus blockchain would be the best option for that.

yes you are absolutely right blockchain is not only for making money it will be the future of our self and a lots of businesses trust only the development of cryptocurrency in the future and its been digitally works in all each and every field so it will be very important for our future.

I agree that many of the existing companies are not ready to adopt the blockchain technology. Maybe it is due to its early stage, maybe it is because there is not yet known to the entrepreneurs.

I hate to say though, that there are some CEOs that do not like the blockchain technology because they want corruption to their companies in order to manipulate numbers and present better results.

A blockchain without a good business model will not prevail for long. Take a look of some ICO a few years ago.. Some of them are not existing anymore because some of them are just pump and dumps and their coin has no real purpose or use.

Artificial Intelligence as we say it today, was started in the early 1930s by Alan Turing but it became popular only in the late 1980s.
Machine Learning started way back in the 1990s but it became popular only recently.
Blockchain started in the year 2008 and is growing rapidly. Businesses have started using the Blockchain technology but it will take time before the majority of businesses adopt it.
It's obvious that Blockchain has a wide variety of use cases and hence it must surely be used by many businesses in the future.

If you will highly analyze Blockchain technology you will know how much this technology gives us as advantages. The only opportunity blockchain technology had is the information and data. Blockchain technology could change the data and information systems dramatically since it has great data management. But not all of the business can benefit from this.

Yes, it is.
Financial and medical industry can benefit in blockchain in many ways so that is what I am really waiting for. For both industries to adopt the technology on a large scale.

yes blockchain cannot be good system without your business model I also agree that some currency will come. I'm only they don't have any other use our purpose of doing our economy for changing that to the future.

Making your own business model based on blockchain system will be more appreciated in today situation so I think this will work in the future also for being a cryptocurrency user and also beyond business man for long time.

Every success starts in the business model so it's gonna be it. Sometimes when you're creating an innovative research/project in your company, It's because of the business model. It doesn't mean you have the blockchain, it will be easily known by some investors, No, It's not like that. Every success is in the path of process, so you need a model or visualization of having that kind of project.

Blockchain will help bussiness saving a lot cost and i think blockchain will change bussiness model in the future. If more companies and government service implementing blockchain in service, i am believe its more transparant and faster

They likely heard about it already but there is still no pressure to adopt it coz their present system still serves th well. I think not every business need to implement it immediately.

I'd rather see the government implement it first for stuff like budget allocation and land records.

I agree, with the government implementing it first, meaning that there will be direct counseling of the people, of course this has a good impact on the development of cryptocurrency. I think the government plays an important role in this matter

I don't think all governments can easily implement this technology and use this technology for their state finances, because this blockchain and bitcoin technology is still something new and not everyone understands cryptocurrency or blockchain.

That is a long article to read.

It is too early to choose blockchain for the institutions or organizations or company because, from that article, only 46% was ready for implementing the blockchain.

The business model will change following the new era and the new technology, and if one company doesn't want to use that thing, then they can get prepared to close their business. It cannot deny that we need new technology for our life because, with the new technology, our life will become better. The blockchain is offering something new for the financial business, and if they realize about this, they will surely research how to use blockchain for their organizations.

The business model will transform to the new design and will be different with the old model, but it's better because by using the blockchain, they can cut off the whole process into one simple process for their financial report.

People have their own different choices, wants and priority in life. And so just like between this, from blockchain and a business model, I would have the same answer like other people and have the same opposite answers too. In what we can see, there are still lots of people that is hesitant to engage with in the blockchain technologies so they think of other sideways in their life like taking the path to a business model.
I am aware that the blockchain is still in under research and trying out its popularity in the community, but in the future, a much more exciting and interesting things may happen that is also integrated in with the blockchian technologies.

I can't find the thread but I believe there is one country in Eastern Europe testing it for land registry. Googling now I saw that Sweden, Russia and one county in Wyoming is testing it as well. It's in the best interest of the gov't to have a blockchain land registry so that there's less likelihood of the records getting wiped out. I suppose it'll also make it easier to retrieve records and we know the gov't earns money from property tax.

For those who have the ambition to change the world better, of course they will choose blockchain technology as the main goal, but those who are greedy and selfish only think of themselves, of course they will choose the blockchain as a business and conduct ICO greedily, even those who have disease Hearts will commit economic crimes using blockchain by cheating when conducting ICO. (scam)

NOTE : for you, please don't make blue writing, because it can damage the eyes, thanks

The blockchain is very flexible with the current developments, so many have used it, because of some advantages possessed. it is not surprising for countries that have legalized using it for an agency database, with the news, certainly a good development for the blockchain

I want to try to receive payments through BTC, I have my own small business now. This will just be an experiment though. I am excited about this and make a lot of people here in my town wonder what is this QR payment and blockchain or cashless method. Let's us start it from our own selves and when they would experience something like this and could benefit them or in their business I think they would follow. A little bit of mass adoption-slowly but surely. Well I will use my local BTC address for me to withdraw my money to fiat in an easy way. This technology is awesome in so many ways so let's get started!

I still prefer block chain because it could be integrated to other system and could be an asset for the platform or any other existing system to work better witg block chain. For now, I do not see companies integrating blockchain technology in their business excpet for the project rhat came out from cryptocurrency ICO projects.

If we have an abstracted look at things, all blockchain is doing is adding an extra layer of trust to the internet. Many businesses might not feel comfortable to adopt this technology now because of technical demands and low level of adoptions, but necessity is a mother of innovations; The time is coming when most businesses will adopt this technology. But I'm afraid, the time isn't now. Let's face it, The shift from the conventional methods to blockchain technology cannot be spontaneous, businesses need to slow things and gradually evolve in order to avoid any mistakes that will bring their business down.

the truth is blockchain tehnology and crypto market provided a very good athmosphere for business people to collect money easily. Anonymity is a really good advantage for the projects that based on blockchain technology.

Any government or business that really believes in transparency and do not tolerate corruption should adopt the blockchain. I don't know if any of the serious business have adopted the blockchain yet.  Perhaps they are all hypocrites that want to continue perpetrating all kind of corruption behind the close door.

As regards STO, it should be used for centralized projects/companies while the decentralized ones use ICO.  Both can exist side  by side without problems

today many people already feel the results of the blockchain, and sometimes there are also those who use the results of the blockchain as a business and source of money for all of them.