Navigating the blockchain evolution in practice : a comprehensive analysis of adoption journeys, lessons from failures, and strategic implementations

Resumen

This paper presents an in-depth exploration of blockchain technology in practice, examining its adoption journey, learning from industry failures, and showcasing strategic applications. It begins with an analysis of the gap between the perceived and actual value of blockchain in businesses, highlighting the importance of a thorough pre-adoption phase. The discussion then shifts to dissecting failed and successful blockchain implementations, extracting key lessons about misconceptions, the necessity of incremental approaches, and the importance of considering all business domains, emphasizing a balanced approach between innovation and pragmatism.