Good piece. Podcast and transcript which introduces a reasonable approach to assessing and implementing this over-hyped emergent technology.
Using Blockchain: A Strategic Roadmap for Companies
Saikat Chaudhuri from Wharton's Mack Institute discusses the promise and potential pitfalls of implementing the blockchain.
Bitcoin may be getting the headlines, but what makes companies more excited is the blockchain, the decentralized ledger technology that underpins cryptocurrencies. It has the potential to revolutionize everything from financial settlements on Wall Street to global supply chains. But like any promising innovation, there’s also plenty of hype that comes along with it.
Saikat Chaudhuri, executive director of the Mack Institute for Innovation Management at Wharton, wades through the hyperbole to discover the true promise of the blockchain and presents strategies on how companies must approach this technology to be successful. He offers a roadmap for companies to follow as they consider adopting the blockchain.
Chaudhuri’s analysis is encapsulated in the white paper, ‘Making Sense of Blockchain: How Firms Can Chart a Strategic Path Forward,’ which he co-authored with Mack research associate Pragna Kolli, Jitin Jain, a recent Wharton MBA who is now director of products at Bankex, as well as Penn Blockchain Club founders Abhinav Prateek and Nate Rush. Chaudhuri recently joined Knowledge@Wharton to talk about their findings. (Listen to the podcast ))
An edited transcript of the conversation follows. .... "
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