150  Blockchain

Reference: E – Education

Human resources and a talented team are the key for a successful busi-

ness. Every organisation needs to uplift the skill of their resources to

adopt innovation and new technologies to thrive the business and to have

a competitive advantage over the competitors. There are a couple of pain

points and concerns that can slow down the blockchain adoption for

businesses.

12. Skill Gap:

• Concerns: Shortage of blockchain skills is a concern for businesses to

adopt and support blockchain.

• Recommendations:

⚬

⚬Blockchain technology is evolving at a fast pace. We are already

seeing a huge demand for the blockchain skills like developers,

architects, sales, marketing and trainers to fulfil the demand.

⚬

⚬Some of the recommendations are as follows:

– Collaborate with the industry and share blockchain developments

– Collaborate with University to assist in supply of upcoming

students as interns

– Establish blockchain training programmes within the company

– Establish blockchain experience programmes for existing and

new employees

– Establish Centre of Excellence (CoE) within the company as

well as with other third parties with common interests

– Collaborate with regulators to make sure that there is com-

mon leaning across industry to progress on regulations and

standardisation

13. C-Suite Buy-in:

• Concerns: Blockchain adoption is slow due to difficulty in getting

senior management buy-in to adopt blockchain technology.

• Recommendations:

⚬

⚬It is essential to get C-Suite buy-in to kick-off any new innovative

programmes within a company. Without C-Suite buy-in, projects

cannot go ahead.

⚬

⚬One of the concerns is that C-Suite stakeholders still do not

have a high level of confidence with blockchain adoption as

compared to other technologies that have been in existence for

decades.

⚬

⚬One recommendation is to educate senior management on the

value addition of blockchain in terms of improved security, reduc-

tion of risks, lowering operation cost, improved customer experi-

ence and improving the brand name of the company to further

increase profits (Figure 5.3).