Widespread blockchain adoption. It didn’t happen in 2018, but it still feels like we’re right on the cusp.
One of the biggest obstacles blockchain is still trying to overcome is accessibility. For all its great potential, we won’t see far reaching implementation until people can use it easily. How can blockchain take a form that’s approachable to the general, non-coding public?
For now, much of the world, including small business leaders who form the backbone of many nations’ economies, still doesn’t know what they’re missing.
Who Needs Blockchain?
Let’s say you own a small to midsize enterprise with a strong digital presence, but you’re tired of the problems associated with traditional internet. You can’t reach potential clients in China, content regulations are different in Europe, and payment across borders is cumbersome.
You’d prefer to have your data management distributed and open source instead of locked up in some centralized server that hopefully won’t crash. Switching to a blockchain system would solve all these problems, but you don’t have the revenues to hire a team of blockchain devs who can transfer your digital presence to dApps.
You’re not alone. World Bank estimates over 90 percent of the world’s private companies are not large enterprises, but SMEs like yours. These modest enterprises are responsible for over half of the world’s GDP and employment, and they’re particularly important in emerging markets where they create 4 out of 5 new jobs.
Making blockchain technology accessible for global SMEs is a necessary push in achieving widespread adoption. To do this, setting up on blockchain needs to be as easy as using Squarespace, WordPress, or GoDaddy.