It’s entirely possible that, in the next few weeks or months, your CEO will pull you into a meeting and ask “What do we tell the board about blockchain?”
News of the next “game-changing” technology has made its way from casual hallway conversations all the way to the board room. The Gartner 2016 Board of Directors survey revealed that 91% of board directors have at least heard of blockchain or distributed ledger technology. However, more detailed understanding of the implications is limited, and respondents are confused, with 36% of them viewing it as an opportunity and 21% as a threat.
It will be up to the CIO to communicate to the CEO or to the board directly what blockchain is and how it could affect the organization and the industry the firm operates within, said David Furlonger, vice president and Gartner Fellow. “They will want a high-level explanation about potential issues, risks and implications, including market potential and suggested actions,” he said.