Is Your Organisation Blockchain Ready? How does your organisation currently view blockchain? Is it ready for digital transformation towards deep tech? Do you have an issue with everyone on your network being able to see and validate your transactions? Yes No 1 out of 13 Do you have conflicting interests with you people you are transacting with (for example, a bank has conflicting interests with their customers as it relates to who owns money). Yes No 2 out of 13 Do all parties you do business with need to play by the same rules (for example, can one party do something that other parties have not got the authority or ability to do). Yes No 3 out of 13 Do transaction rules in your business change regularly? Yes No 4 out of 13 Do you need an immutable (unchangeable) log of transactions in your business? Yes No 5 out of 13 Is your business impacted significantly by fraud or counterfeiting? Yes No 6 out of 13 Does your industry have a high level of influence by middlemen (thereby introducing or increasing transactional costs) that you feel can be removed from the transaction process. Yes No 7 out of 13 Does your industry have a reputational issue or suffer from lack of public trust? Yes No 8 out of 13 Are the products or services being sold by your business considered to be ‘big ticket’ items? Yes No 9 out of 13 What description would best describe the product(s) your company sells? High transaction frequency / Low value per item High transaction frequency / High value per item Low transaction frequency / Low value per item Low transaction frequency / High value per item 10 out of 13 How severely would your business be impacted if the party you are doing business with didn’t honour their side of the contract (either paying for work or delivering work). Our counterparties always pre-pay or pre-work (i.e. you have no risk). Only a minor impact as we have client diversification and/or work parcels are small. Significant as work parcels are moderate. Catastrophic as we have a small number of key clients. 11 out of 13 Do you have to send or receive sensitive information that, if intercepted via email or cloud, would have a major impact on you or your client if it were made public. No – if information was intercepted and leaked it wouldn’t really matter to my client or myself. Yes – but the information isn’t so sensitive that my business or my client’s business would be put at risk. Yes – if information was made public there would be significant financial and/or reputational costs to myself and/or my client. Yes – either my client and/or regulators would seek to sue or fine me and this could result in my losing my business and/or significant personal consequences. 12 out of 13 How motivated is your business to identify and implement revenue generating opportunities that require little effort and cost to implement? We’re doing fine thanks – we don’t need any more revenue. We would only do something if it required no effort or investment from our side. We are a business so obviously if the cost / benefit payoff works we would do it – just right now we don’t have capacity or any available funds to invest. We are a business so obviously if the cost / benefit payoff works we would do it – and we will make it work now regardless of our circumstances. 13 out of 13 Time is Up!
