Ravi Sarathy

Enterprise Strategy for Blockchain (eBook, ePUB)

Lessons in Disruption from Fintech, Supply Chains, and Consumer Industries

• Format: ePub

Produktbeschreibung

How companies can gain strategic advantage by developing blockchain capabilities. Blockchain is far more than cryptocurrency. Regarded for a decade as complex and with limited application, blockchain has now matured to be on the verge of fully realizing its disruptive potential. In Enterprise Strategy for Blockchain, business strategy expert Ravi Sarathy shows how companies can gain competitive advantage by developing and deploying blockchain capabilities. Sarathy explains what makes blockchain unique, including its capacities to eliminate intermediaries, guard against hackers, decentralize, and protect privacy. Presenting examples drawn from such sectors as finance, supply chains, computer services, consumer products, and entertainment, he describes how executives can strategically assess blockchain's applicability to their business. After outlining blockchain's technological features-and its technological obstacles-Sarathy describes disruptive technologies already happening in the financial services market with the emergence of decentralized finance, or DeFi, arguing that a wave of innovation might be positioning DeFi as blockchain's "killer app." He also explores, among many other uses, a blockchain application that addresses chronic supply chain problems, pilot blockchain programs aimed at facilitating cross-border payments, and the use of NFTs (non-fungible tokens) that allow digital art to be collected and traded. And he outlines a path for organizations that includes establishing a business case for applying blockchain, evaluating enterprise cost-benefits, and preparing the organization to develop the requisite knowledge and people skills while overcoming resistance to change. Business leaders should invest, explore and experiment with blockchain now, positioning their organizations to be first in their fields, ahead of both rising startups and late-to-the game incumbent peers.

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Produktdetails

• Verlag: MIT Press
• Seitenzahl: 304
• Erscheinungstermin: 11. Oktober 2022
• Englisch
• ISBN-13: 9780262370851
• Artikelnr.: 63281128

Autorenporträt

Ravi Sarathy is Professor of International Business and Strategy at Northeastern University's D'Amore-McKim School of Business. He is the coeditor of Firms within Families: Enterprising in Diverse Country Contexts.

Inhaltsangabe

Series Foreword vii
Preface ix
Introduction: Blockchain's Disruptive Potential 1
1 Blockchain's Unique Capabilities and Benefits for Enterprises 23
2 Technological Obstacles to Blockchain Adoption and Their Resolution 49
3 Digital Currencies, Payment Systems, and Their Enterprise Implications 87
4 Decentralized Finance 127
5 Global Supply Chains and Trade Finance 165
6 Blockchains as Ecosystems 199
7 Realizing Blockchain's Potential: A Strategy Road Map for Enterprises 227
Notes 257
Index 283