Bennett says she advises CIOs mulling adopting blockchain to ask themselves whether they have a use case that calls for a cryptographically secured, distributed and replicated store of records. CIOs should then talk to companies that have actual solutions and review the ecosystem of blockchain start-ups, industry initiatives, consortia and consulting.
If CIOs are still interested they should allocate resources from their R&D departments to build proof-of-concepts. “Take into account the end-to-end process – having a few fragments of a solution doesn’t help,” Bennet says. “And think about the interface between the physical world and the blockchain.”
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