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The post-consortia era: How enterprises are embracing Web3 structures

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Cryptocurrency6 hours ago (Mar 06, 2022 10:40PM ET)

The post-consortia era: How enterprises are embracing Web3 structures

Now that the initial hype surrounding blockchain applications and the prolonged blockchain “winter” that followed are left behind, we now find ourselves in the middle of a “spring” that is helping organizations reimagine how they deliver value. So much so that blockchain is expected to add $1.76 trillion to the global economy by 2030, according to PWC.

A significant chunk of this uptick is expected to come from business-to-business (B2B) implementations, which stand to gain the most from the security, immutability and streamlining opportunities afforded by blockchain-based transactions and relationships. With processes that involve multiple partners, dozens (if not hundreds) of products and cumbersome bureaucracy for almost any business process, it’s hard to overstate how much enterprises stand to gain, especially when considering the emergence of more agile competitors.

Ruth Levi Lotan is a vice president of sales and marketing at ClearX. She is a partnerships enthusiast with a background of more than five years in business intelligence and strategic consulting, working with leading enterprises with a global footprint. Her experience also includes over three years in financing and impact investment including business development efforts with institutional investors and the government sector. Ruth was also involved in the work around Israel’s first Social Impact Bonds (SIBs), a mechanism for unique cooperation between sectors that don’t typically align.

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