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Company XYZ is planning to integrate blockchain into its business operations. This transition will make processes more efficient and transparent. Since this company is

 

Company XYZ is planning to integrate blockchain into its business operations. This transition will make processes more efficient and transparent. Since this company is in financial services sector; therefore, integration of technology requires a careful assessment by the financial management, operations management, IT staff, consumer services division, and human resources management. Because this new technology is more transparent and requires multiple units to act as approval nodes and this bank is even planning to coordinate with other banks so Interbank services become more transparent and efficient. Since this type of operation will completely change the business model; therefore, the top management involvement is very critical for the approval of such an implementation. You learned about teamwork and financial management. Use your knowledge and explain what kind of impediments this whole process may encounter and what kind of support this process may encounter and why?

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