126  Blockchain

businesses and society. The following are some of the ways the government

can influence education, innovation and skill growth.

• Provide innovation funds to universities to improve research and

development facilities

• Create a digital ecosystem so that new upcoming technologies can

flourish

• Establish regulatory frameworks to support blockchain technology

adoption

• Create a simpler and transparent ecosystem to attract international

skilled students and skilled resources

• Establish partnerships with other countries to support disruptive

technologies

• Establish partnerships with technology companies and start-ups to

further support innovation

• Support entrepreneurship culture by providing funding support for

start-ups

• Provide internship funds to small-to-medium-size companies to sup-

port university students to get practical experience through internships

Capability gap in business

Throughout this book, we have emphasised the power of blockchain to

disrupt the whole business ecosystem. As the blockchain footprint is rap-

idly increasing in solving and improving business pain points, the demand

for blockchain skills is also rapidly shooting high. Businesses are finding

it difficult to find interns and professionals with blockchain technology

experience.

Businesses have difficulties in multiple dimensions of skillsets; however, there

are multiple strategies they can apply to improve the capability of the workforce

to support blockchain transformation. The following are some of the measures

businesses can use to tackle the ongoing skills and capability issues.

Partnership with universities to influence the syllabus

Businesses can have a collaborative partnership with universities to provide

feedback on their existing degree courses and influence making changes to

the syllabus. This would be beneficial for universities as their students will

have higher chances of getting employment as an intern or through gradua-

tion intake. It would also help businesses as they will get focusing educated

students with skills in demand.

Businesses can also have partnerships with universities to carry out

research on the business problem at hand. In summary, education institutes