Our Co-Founder & COO, Sukhi Jutla, was recently quoted in E-Crypto News article ‘Why Do Enterprise Blockchain Systems Fail? (Exclusive)’.
She said: “Enterprise-level blockchains have failed to live up to the expectations the DLT community had primarily because enterprises DLTs are perhaps not exploiting the key benefits of DLT technology and are more focused on permission-based blockchains where the control and trust still end up with the enterprise creating it.
Perhaps blockchain ‘purists’ and others don’t feel this is the right way to utilise this innovative technology.
Enterprises have also failed to keep up with innovating as most will invest budgets to get a rudimentary proof of concept created but then don’t invest further to scale out the blockchain and put it to use within the enterprise.
Large enterprises have the budgets to do this but perhaps they are not 100% on board with this new technology and hesitate to invest further or take it seriously, especially if their current systems are working well.”
Read the article here.