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Blockchain technology will remake many of the industries and services we utilize today, but the road ahead may be steep at times and your enterprise must be protected while you endevour to deliver on a challenging product road-map. Corporate legal counsel is imperative for the following reasons:

Issues in the Business Network

  • Identifying the compelling use cases by considering which issues prevent the project from moving forward and encumber significant working capital and resources.
  • Implementing in discrete areas where the blockchain drives rapid impact.
  • Employing design thinking to simplify the user experience and create proofs of concept to increase adoption.

Achieving Global Network Standards

Success in blockchain adoption will depend not only on who has the best app., but who can build the strongest network. Therefore, it is important to explore the role of alliances and consortia to achieve globally accepted standards.

Scaling: New Revenue Models

New blockchain services and apps can replace or complement and scale existing revenue models. For example, methods to consider may include:

  • Consumption-based pricing;
  • Licensing; 
  • Micro-charges and payments; and 
  • Joining emerging online marketplaces for mobility, parts, and service.