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Deloitte Businesses That Sit On The Sidelines While Others Pilot Blockchain Will Be Left Behind
Wendy Henry is the Global Practice Lead for Deloitte's Digital Assets and Cryptocurrency Consultancy; one of the firm's four business units dedicated to helping its business clients get the most out of distributed ledger technologies (DLT) including blockchain. Among her many very well-informed opinions about blockchain adoption is her advice to enterprises to not sit idly by while other entities—existing competitors, disruptive startups, regulators, and lawmakers—sort out their positions on blockchain.
While at DC Blockchain Summit 2023 in Washington, DC, Blockchain Journal editor-in-chief David Berlind interviewed Ms. Henry to learn more about what she's seeing in the way of blockchain adoption as well as obstacles to that adoption (including blockchain regulation; the main theme of the DC event). During the interview, Henry covered a wide range of topics including enterprise use cases for both fungible and non-fungible tokens and the fact that many enterprises are still not yet 100 percent comfortable with the impact of decentralization on their boundaries for where "control" typically begins and ends.
But the best advice that Henry offered had to do with the holistic view that enterprises must take when it comes to working with distributed ledger technology. For example, in use cases where multi-party data transparency is the main driver, an often overlooked imperative is to make sure that all of the involved parties and stakeholders are operating from the same levels of understanding and expertise. So, it's not just about an enterprise educating itself. It's about ensuring that its partners in any blockchain endeavor are equally skilled and fluent in the technology.
Said Henry, "The learning is in the doing. So you got to do. You can’t just sit on the sidelines and wait for everyone to figure this out. You’ll be left behind.”
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/deloitte-businesses-sit-sidelines-while-others-pilot-blockchain-will-be-left-behind/
The video can also be watched on Blockchain Journal's YouTube Channel at: https://youtu.be/7c7yZRU8-bM
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By Blockchain JournalWendy Henry is the Global Practice Lead for Deloitte's Digital Assets and Cryptocurrency Consultancy; one of the firm's four business units dedicated to helping its business clients get the most out of distributed ledger technologies (DLT) including blockchain. Among her many very well-informed opinions about blockchain adoption is her advice to enterprises to not sit idly by while other entities—existing competitors, disruptive startups, regulators, and lawmakers—sort out their positions on blockchain.
While at DC Blockchain Summit 2023 in Washington, DC, Blockchain Journal editor-in-chief David Berlind interviewed Ms. Henry to learn more about what she's seeing in the way of blockchain adoption as well as obstacles to that adoption (including blockchain regulation; the main theme of the DC event). During the interview, Henry covered a wide range of topics including enterprise use cases for both fungible and non-fungible tokens and the fact that many enterprises are still not yet 100 percent comfortable with the impact of decentralization on their boundaries for where "control" typically begins and ends.
But the best advice that Henry offered had to do with the holistic view that enterprises must take when it comes to working with distributed ledger technology. For example, in use cases where multi-party data transparency is the main driver, an often overlooked imperative is to make sure that all of the involved parties and stakeholders are operating from the same levels of understanding and expertise. So, it's not just about an enterprise educating itself. It's about ensuring that its partners in any blockchain endeavor are equally skilled and fluent in the technology.
Said Henry, "The learning is in the doing. So you got to do. You can’t just sit on the sidelines and wait for everyone to figure this out. You’ll be left behind.”
To watch the video version of this podcast or read its full-text transcript, go to:
https://blockchainjournal.com/interview/deloitte-businesses-sit-sidelines-while-others-pilot-blockchain-will-be-left-behind/
The video can also be watched on Blockchain Journal's YouTube Channel at: https://youtu.be/7c7yZRU8-bM