Blockchain
Forrester: CIOs Must Build And Invest In Adaptiveness To Tackle Post-Pandemic Challenges
The pressures of the ongoing trade situation and disruption from the COVID-19 lockdown have generated a level of volatility that creates both risk and extraordinary opportunity. According to Forrester (Nasdaq: FORR), adaptive enterprises — those able to quickly sense and respond to different external forces — will be the ones to succeed. To help technology leaders reconfigure their businesses and survive these challenging times, Forrester released The CIO’s Guide To Building An Adaptive Enterprise.
According to the guide, the global pandemic is symptomatic of the connectedness of today’s world and the pace at which things spread and change in it. Companies, supply chains, and ecosystems are inextricably connected, and any changes in customer needs, technology, and business trends in one corner of the global ecosystem will ripple across the globe. On one hand, China plays a key role in the global supply chain; on the other, the global ecosystem is also critical to China’s business growth as it is reliant on foreign offerings in key technology areas like chipsets, robot sensors, and industrial design software.
The way forward is to be adaptive and build a firm’s ability to reconfigure its underlying business concepts. The resulting adaptiveness can help customer-obsessed firms win in future markets. Firms must invest in changes through three primary pillars:
1. Start with market adaptiveness. Firms need to be able to go fast when necessary, but they also need the ability to adapt to changing customer, market, or technology conditions. To achieve this, organizations need to collect and analyze real-time data about their customers and operations to be able to under and adapt to the needs of the market. CIOs must also work with other business leaders to accelerate their internal innovation processes and launch new services that leverage broader ecosystems.
2. Invest in emerging and platform technologies. Capitalizing on new technologies — and driving technology-driven innovation through experimentation — should be a strategic priority for CIOs. Emerging technologies like cloud, AI, 5G, Industrial Internet and blockchain are key areas to focus on. Companies should also build technology platforms that leverage digital ecosystems and enable end-to-end agility.
3. The future of work: Improve organizational adaptiveness. Without this third pillar, the first two initiatives will not be sufficient in the fight for market dominance. Implement enterprise collaboration platforms that enable workforce cooperation while also leveraging automation to simplify manual processes. Finally, firms should also revisit employee sourcing and motivation strategies to maintain productivity.
“While the Chinese economy looks to be on the path to recovery, we must be prepared for future crises. “Black swan” incidents like the COVID-19 pandemic are likely to continue to emerge, and the global economy will become increasingly unpredictable,” said Danny Mu, principal analyst at Forrester. “In such dynamic business environments, CIOs and other business leaders in China must build and invest in adaptiveness now, before it’s too late.”
Resources
- Download The CIO’s Guide To Building An Adaptive Enterprise
- Register for Forrester’s complimentary webinar Build Enterprise Competitiveness With An Adaptive Strategy on Aug 4, 2020 at 1:30pm CST
- For more Forrester insights on the Chinese market, visit forr.com/china
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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