Bitcoin Forum

In an uncertain economy when every penny counts, even the smallest increase in revenue or reduction in expenses can have an impact on company profitability. It's often simple, common sense steps that improve the bottom line, especially for a small business.

Recently, Symbol from NEM (https://symbolplatform.com/xym/) will allow businesses to tap into a next generation blockchain ecosystem that helps to reduce costs, while also maintaining the highest levels of speed, efficiency, security and flexibility. Features such as Consensus Mechanism, customization and flexibility, etc. The good thing is that it retains the community focus and character of decentralization that NEM has become renowned for, therefore making their new token (XYM) to reach great potential.

As we approach mid-year, this is a good time to step back and have these businesses look carefully with their practices. Is this the perfect time to get them introduced to blockchain technology?

Yes, 100%. A lot of major corporations are doing their quarterly report in the next few weeks/months and this is a good time for blockchains to be introduced. I like NEM and it's great to see them selling that new platform/token to these big players, and use their big name to easily get in.

It's very easy to say it but in reality, it's hard for these businesses who already have their process settled, and change possibly everything because they need to incorporate blockchain. It's for the greater good yeah, but these companies can't afford any downtime at all.

Absolutely great time to research about blockchain technology and how it can benefit their businesses, once entrepreneurs and business houses understand the underlying tech only then they will move to adapt it and it is not only about cost reduction it can help improve efficiency, it can help reduce corruption as you can track each process so it makes business transparent also by use of blockchain tech you can automate several procedures etc. So it is the best time to upgrade to blockchain technology.

Anything that has decentralization features can help target their market cap as a whole. Good chance to grab during their 1:1 airdrop and get these XEM holders be more wealthy.

Blockchain would reduce many things including cost. They would be a easier and safer means to communicate. The power of community for community. It's difficult for small number of people to fight against a small group of professional hackers but when a large community works together to form a network of blockchain, no smaller groups would have influence over it. It would be wide open still safe from attacks.
Blockchains use in IOT and autonomous traffic management are some good examples.

No doubt NEM is a quality project and their upcoming business platform is also revolutionary and will prove a game changer but personally I still think that ethereum network will be the one that will bring mass adoption. In the upcoming releases ethereum network is coming with more and more solutions and applications that are required in every field of life.

How does it will reduce the cost for businesses? This product feature is overused, there are other technologies that has been telling this as far as I remember. And making their new token? how does it look different from the other projects that has made their own before?
Is there something that they won't be the same from the others that has been doing it? NEM is good IIRC being a foundation.

For companies that don't understand crypto at all, I don't think now is the right time. it's hard to convince them when the crypto market is unstable like this. although crypto has many advantages, without a good market. no companies will be truly interested even if we explain all the advantages of the blockchain.