Implementation issues
Posted: Thu Feb 13, 2025 4:30 am
According to Mesaros, the assessment of each new technology requires a balanced approach, so it is important to learn from the mistakes of others and not rush into implementation. First, it is necessary to find weak points in the infrastructure that the blockchain can fill, or to identify new business models. The expert talks about the benefits of constantly studying the technology - this is the only way to discover its values and secrets.
In turn, the director of the blockchain direction at slovenia whatsapp data notes that beginners often underestimate the specifics of business processes when implementing blockchain. “Understanding the technical details and actually changing business processes, not to mention interacting with several partner companies, are not the same thing. Setting up a transaction chain does not mean that the company will be able to establish communication. The fact is that your partners can use blockchain networks of competing groups or consortiums. Currently, many of them are trying to create basic smart contracts against the backdrop of attracting new participants, so take these details into account in advance,” he advised.
A top SAP executive, meanwhile, says that when implementing blockchain, one should not give in to the hype surrounding it. “Blockchain is becoming one of the most talked about technologies ever created, so there are a lot of unknowns,” he said, adding that one should not blindly trust the promises of a supplier and double-check whether the distributed ledger is really the best solution for a specific business problem. “If you look at the market, you can easily find suppliers of ready-made blockchain solutions, but the problem is that many of them do not have a clear idea of what problems this technology solves,” the specialist says.
In turn, the director of the blockchain direction at slovenia whatsapp data notes that beginners often underestimate the specifics of business processes when implementing blockchain. “Understanding the technical details and actually changing business processes, not to mention interacting with several partner companies, are not the same thing. Setting up a transaction chain does not mean that the company will be able to establish communication. The fact is that your partners can use blockchain networks of competing groups or consortiums. Currently, many of them are trying to create basic smart contracts against the backdrop of attracting new participants, so take these details into account in advance,” he advised.
A top SAP executive, meanwhile, says that when implementing blockchain, one should not give in to the hype surrounding it. “Blockchain is becoming one of the most talked about technologies ever created, so there are a lot of unknowns,” he said, adding that one should not blindly trust the promises of a supplier and double-check whether the distributed ledger is really the best solution for a specific business problem. “If you look at the market, you can easily find suppliers of ready-made blockchain solutions, but the problem is that many of them do not have a clear idea of what problems this technology solves,” the specialist says.