Blockchain strategies  199

on blockchain solutions. Link: https://consensys.net/codefi/assets/

sandbox/

⚬

⚬Singapore financial regulator sandbox – MAS (Monitory

Authority of Singapore): MAS is a regulator in Singapore who

has been ahead of the game with innovation and blockchain.

MAS established a sandbox to try the use cases for blockchain

and digital technologies to assist the organisations to test their

use cases. Link: https://www.mas.gov.sg/development/fintech/

sandbox

⚬

⚬Ethereum Testnet: Ethereum is one of the blockchains that

have disrupted the whole blockchain market. There is a grow-

ing industry using Ethereum platform to launch NFT, DiFi

(decentralised finance) and DAO (decentralised autonomous

organisation). Ethereum has also provided a unique feature

for blockchain development called smart contracts. Multiple

financial and non-financial use cases in the industry are using

Ethereum technology to automate the business processes

and adopt blockchain technology. Ethereum also launched a

Testnet network, so organisations can test their blockchain use

cases without incurring cost. Link: https://ethereum.org/en/

developers/docs/networks/

CONCLUSION

In this chapter, we have gone through strategies, strategic models and more

importantly how to attain competitive advantages over our competitors.

We also discussed how to shape up the blockchain strategy, execute it and

finally evaluate it. We also discussed about continuous work happening in

the industry to launch sandboxes and testnets to assist the organisations to

try out their use cases and work out if blockchain is a correct investment to

gain value for the business.