Widespread blockchain adoption, ultimately, will depend on the technology being accessible and regulated for access by smaller businesses. Accessibility is at the core of what blockchain represents and we often ignore it when discussing how to encourage blockchain adoption globally.
Here’s why we need to make blockchain accessible for smaller businesses.
Blockchain isn’t accessible enough
Access to blockchain is limited. Many smaller businesses don’t have the capabilities to access large blockchain projects. Digitalization as a whole can seem daunting, overwhelming, and wholly terrifying.
To make blockchain accessible for all, we need to implement measures that not only include but also target smaller businesses and individuals in developing countries.
Blockhead Technologies, for example, provides easily accessible, cost effective and customisable solutions. Our products are scalable for big businesses; however, we craft them to meet the expectations of smaller business. BHT’s solutions are interoperable – meaning that data can be transferred between blockchains – and monetarily accessible, while also providing immense cost savings in the long term.
Standards will lead the way
Standardizing the blockchain will provide massive value to smaller businesses. Standards ensure that companies are following the correct procedures and utilize standardized blockchain protocols so that companies do not become siloed from one another. By having all platforms be blockchain agnostic, we can ensure that no company is tied to one blockchain protocol.
Standards will create a point of reference for all business and ensure that blockchain technology remains accessible, transparent and cost efficient for global businesses.
Blockhead is leading this movement by ensuring that all of its solutions are interoperable and agnostic. You can found out about our blockchain-agnostic platform STAMP here, or contact us here for a demo.