Blockchain Technology: What is It and Why One Search Firm is Investing in It

Blockchain technology is regularly grabbing headlines with its promised ability to transform business models . . . but what exactly is it? Chris Beck from executive search firm Caldwell offers up the latest insight.

October 24, 2018 – Blockchain technology is regularly grabbing headlines with its promised ability to transform business models . . . but what exactly is it?

Leading executive search firm Caldwell recently launched a blockchain advisory council aimed at driving the understanding, integration and implementation of blockchain technologies.

The new offering for clients is in partnership with blockchain consulting firm, BTblock.

“Blockchain technologies carry the potential for substantial impact within our client’s organizations, as they can enable the strategic reorganization of workflows and related structures,” said Chris Beck, chief operating officer of Caldwell. “Businesses in every area of the economy are rethinking how best to use talent and leverage it in different ways. With the launch of the blockchain advisory council, we are the premier executive search partner for clients as they train and position the key executives who will lead their adoption of blockchain technologies.”

The council, part of Caldwell’s broader Agile Talent Solutions platform, provides clients with the opportunity to gain deeper knowledge on the world of blockchain disruption and its portents, and potentially put this knowledge into action, said the firm.

“There is no shortage of good use-cases for blockchain” said Tammy Kahn, partner at BTblock. “It does, however, require thinking strategically about where blockchain is best leveraged within a company. Once that is determined, though, all roads lead to finding talent. In partnering with Caldwell, we can ensure the vision and strategy is executed with the right hire. This is a forward-thinking initiative that will facilitate real business results for Caldwell’s clients.”

Interest Growing

Despite cryptocurrency issues, enterprise interest in possible blockchain applications is growing and far-reaching for any supply chain, said BTblock partner David Garrity, in a recent interview with Bloomberg. Mr. Garrity pointed to IBM’s launch last year of the Hyperledger Fabric blockchain in conjunction with Energy-Blockchain Labs, as a means of tracking carbon assets in China. “This creates a measurable and auditable system for tracking emissions, and facilitates a tradable market for companies seeking to offset their energy consumption whilst incentivizing greener industrial practice, for example,” said Mr. Garrity. “Blockchain technology potentially has broad application. Look for successful blockchain deployments to underpin and support the value of the related cryptocurrency tokens.”

 David Garrity

Click here to watch a 16-minute webinar with David Garrity, partner and co-founder of BTblock, for a primer on this new technology. Caldwell recently launched a blockchain advisory offering in partnership with blockchain consulting firm BT Block, that allows companies to cost effectively obtain the level of insight,  education and expertise required to make informed decisions about how to integrate blockchain technologies within their firm. 

BTblock is a blockchain consultancy firm dedicated to educating clients about blockchain, determining where it fits in a company’s product roadmap and adding leverage to ongoing blockchain projects, working with the project sponsors and the technology providers. The firm brings a network of experienced independent consultants to the process at the appropriate time in the innovation life cycle, in order to ensure maximum value is extracted from investment and business value is delivered.

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media

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