Blockchain

Common Pain Points
That Affect
Organisations
and Businesses

Are you over-reliant on a central entity or authority that could potentially spell disastrous consequences if they were to fail or be compromised? Do you want to improve traceability in your supply-chain? Are you seeking to streamline systems and automate tedious (but important) processes? Do you need an efficient and auditable way to demonstrate and capture compliance?

Blockchain Technology provides:

Authenticity and traceability through decentralisation and various consensus mechanisms, as a result enforcing accountability.
Eliminate intermediaries / middle-man / third-parties by code-driven governance that is authorised, stored and executed on the Blockchain, efficiently and autonomously.
Tamper-proof immutability and security enforced through decentralisation, providing authenticity and transparency to ethical sourcing and sustainability.

How Can Strategy Hubb Help?

Blockchain - Beyond Cryptocurrency

Blockchain offers the potential of traceability and accountability at all levels, delivering a decentralised history of activity with applications in all industries, from governments to public and private enterprises. Any blockchain solution will only be as good as its execution. Our expertise lies in aligning business and functional requirements with innovation to deliver unparalleled market value.

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Blockchain Technology is I.T. and Beyond

Traditionally, information technology investments have been viewed as a method of supporting business process, as a means of achieving business objectives.¹ However, as the importance of digital technology continues to increase, organisations around the world are beginning to realise the potential of “big data“, with an analogous push to capitalise on the game changing innovations that could fundamentally change business models, strategies and potentially entire business ecosystems.²

As we enter into the era of Industry 4.0 and a digitally connected world, the importance of a clear and well-defined technology strategy cannot be understated. As data emerges as a new asset class upon which all value will be built, the alignment and synchronicity between an organisation’s digital and analogue worlds will be synonymous with their ongoing success.

Blockchain technology applications offer transformative potential in many industries worldwide; however, there will also be instances where the development or implementation of blockchain solutions will not be feasible (or value-adding). As with any investment, what to do is as important as identifying what not to do. For all organisations, it is essential to clearly understand how your business operates and how it is positioned in the broader market. From here, consideration and exploration of the blockchain revolution will then identify if blockchain solutions have the potential to deliver tangible efficiency and value opportunities.

Any blockchain solution will only be as good as its execution.

¹Kahre, C, Hoffmann, D & Ahlemann, F 2017, ‘Beyond business-IT alignment – digital business strategies as a paradigmatic shift: a review and research agenda’, paper presented at the 50th Hawaii International Conference on System Sciences (HICSS), 4-7 January, Hawaii, viewed 14 March 2021, https://scholarspace.manoa.hawaii.edu/bitstream/10125/41736/1/paper0587.pdf
²Chen, HM, Kazman, R, Garbajosa, J & Gonzalez, E 2017, ‘Big data value engineering for business model innovation’, paper presented at the 50th Hawaii International Conference on System Sciences (HICSS), 4-7 January, Hawaii, viewed 14 March 2021, DOI: 10.24251/ HICSS.2017.713

The Proof

Unit in Percentages – %
(Source: Deloitte 2020)

Strategic Priorities of Organisations

Changing views of blockchain’s relevance within organisations.

Blockchain’s standing as a top-five strategic priority continued in 2020 with a clear majority of respondents. Accelerated by the global pandemic, disruptive trends such as digitalisation and a need for more flexible and online operations are forcing organisations to rethink the way they operate.

Explore Further

1. What and Why?

With "how" now explained, find out what Blockchain actually is and why it can be an effective solution for many real-world problems.

2. Future Direction

What does the future hold for Blockchain / Cryptocurrencies, and our vision on how it will shape humanity.

3. Seize the Opportunity

Want to be part of the Future Blockchain Economy? Find out what the next steps are and why our approach is unique.

Blockchain as Application is Innovation.

The Blockchain Economy

Anything that can conceive of as a supply chain, blockchain can vastly improve its efficiency- it doesn’t matter if its people, numbers, data, money.

Ginni Rometty, CEO IBM

Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.

Vitalik Buterin, Co-Founder of Ethereum