What are the challenges and opportunities of integrating blockchain into existing business models?

Vasiliy Shilov
5 replies
Collaboration is key. Let's brainstorm together!

Replies

Uma Venugopal
I think for me it's more on the regulatory side rather than the tech or product side. Especially if you're operating in different countries, there needs to be so much deep diving into if that country allows blockchain or not.
Vasiliy Shilov
@uma_venugopal Completely understand your concerns about regulatory compliance when operating in different countries. It's important to note that while some countries may have restrictions on blockchain technology, many others are embracing it with open arms. Have you considered partnering with legal experts who specialize in blockchain regulations to ensure your operations are compliant in all the countries you operate in?
Shubhangi
the problem I see is of efficiency for businesses to adopt thought it offers transparency but still efficiency and costing is the concern
Vasiliy Shilov
@shubhangi_sharma5 While blockchain offers unparalleled transparency, efficiency, and cost-effectiveness are equally important factors to consider. That's why I always strive to find innovative solutions that not only provide transparency but also streamline processes and reduce costs. With the right approach, blockchain can be a game-changer for businesses looking to stay ahead of the curve.