Organizational Cost and Complexity Saving Opportunities via the Development, Deployment, and Implementation of Blockchain Networks

Abstract

Blockchain is being promoted as the platform to disrupt business as usual in many transaction-heavy sectors. Questions remain about the future standards of blockchain, their feature set, functionality, and the willingness of organisations to disrupt their existing revenue streams via blockchain. The most significant near-term promise that affords industry is the cost and complexity savings via the standardization of their technology infrastructure stacks. This paper explores the benefits available of reduced costs and complexity via the adoption of blockchain.