Interconnectivity and Interoperability Present a Monumental Challenge for Mass Blockchain Adoption

Friends, despite the unmatched opportunity and appetite for mass Blockchain adoption, the relative absence of standards negatively impact – for now – the positive business case and ROI for multiple Blockchains within and between private sector organizations. A simple analogy: Assume Global 500 companies each needed to design, develop and test an Accounts Receivables process rather than using (and customizing) a standardized AR system from Oracle, SAP or Salesforce. The cost would be prohibitive, moreover, such applications must have bullet proof integrations with other inter-dependent enterprise apps including Financial Management, Accounts Payable, DSO, ERP, HRM, etc. This, this quandary equally applies to implementing multiple application-specific Blockchains which have not only “internal” integrity but also must interfacing with a myriad of external industry systems and applications. This dilemma not only keeps CIOs up at night but also can easily be a budget-buster. And while the Cryptocurrency Academy do not advocate “over regulation” of this transformative technology this issue clearly points to the need for a modicum of standards (aka regulation) which appears to be the lynch-pin form mass Blockchain adoption. Let’s hear your comments today! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)