We asked six blockchain firms that target enterprises how the Covid-19 crisis is impacting their companies. We’re conscious of the need to paint a rosy picture to the press, but on the whole, they were neutral to positive in outlook.
Part of the reason is many enterprise projects target either digitization or cost cutting, both of which are in demand right now. McKinsey recently wrote: “We believe the COVID-19 crisis is likely to significantly accelerate the shift to digital and fundamentally shake up the business landscape.”
Another difference for enterprise blockchain compared to other startups is the funding is often a strategic investment rather than venture capital. However, it might take a few months to see whether that’s an advantage or not.
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