Blockchain basics, commercial impacts and governance challenges
Tessa Hoser · Governance Directions · 2016
Even for an era characterised by mass and instantaneous information, there is a veritable tsunami of information about blockchain and similar technologies. For boards, advisers and governance professionals it is challenging to know whether blockchain is a technology looking for an application or is really the information superhighway of the 21st century. It certainly would not seem prudent to ignore it, either in strategy setting or risk evaluation. For some businesses, blockchain could be a fundamental threat to profitability, market position or even the existence of the business itself. For others, it is a once-in-a-generation opportunity.