Blockchain Technology in Manufacturing Industry
Blockchain Technology in Manufacturing Industry
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3 . Design deliberately Much consideration must be given to a blockchain ’ s design . Will it be permissionless , allowing anyone to initiate and view transactions or permissioned , restricting access to certain parties ? PwC ’ s Global Blockchain Survey shows companies are adopting both of these approaches as well as developing hybrid implementations . Permissioned blockchains are expected to be more appropriate for most enterprise solutions since their owners or governing bodies can structure rules with an eye on privacy and data security .
4 . Navigate regulatory uncertainty Regulators worldwide are still examining the potential responses to the ever-increasing influence of blockchain-led solutions . According to PwC ’ s 27 % of survey respondents , 26 % of which are based in the US , believe that regulatory concerns are the number one barrier to blockchain adoption . Instead of waiting for regulators to set the blockchain agenda , organisations that see value in the technology should be proactive . It ’ s important to engage with regulators , elected officials and industry groups
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