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
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
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