Bankless Times, Canada: Cognizant’s Fletcher McCraw Discusses His Thoughts on Blockchain for Enterprise

“Across all industries we’re seeing movement on blockchain on the enterprise level,” Cognizant’s Fletcher McCraw said. Excerpts:

“While most industries are becoming aware of the blockchain’s potential impacts on their industry, some sectors are further into development than others.

Companies need to consider how to safely build their networks across value and supply chains, or in some cases even adding competitors to the mix. Collaboration is key and a new kind of business model marked by openness emerges.

The most underreported story on blockchain transformation contains what Mr. McCraw believes is the most critical element of a company’s blockchain strategy – change management.

‘Only six per cent of respondents to a recent survey said change management and cultural change were seen as a priority. I would argue it is the number one thing in this process.’”

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