August 9, 2018 – Toronto-based Caldwell has 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.”
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.”
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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.
In another Agile Talent Solutions service, Caldwell recently launched an offering that pairs clients with agile executive talent on an as-needed basis. The firm describes its new Value Creation Advisory Solutions offering as a unique, flexible and cost-effective approach to creating value and solving core business challenges that require external expertise.
“Even with a highly accomplished leadership team, nearly every company could benefit from an objective, outside viewpoint from time to time,” said John Wallace, chief executive officer. “Our Value Creation Advisory Solution was created precisely to provide this unbiased, expert external guidance, and help our clients effectively execute on strategy by providing a mechanism for accountability, in addition to bringing best practices in terms of process and alignment.”
Nimble and Cost-Effective
In an effort to unlock new value creation opportunities, Caldwell pairs clients with external talent on an as-needed basis. In most cases, said the firm, an advisory solution is a more nimble and cost-effective approach than an outside consulting firm or traditional operating partner at a private equity firm.
The firm’s external advisors are experienced operating executives and corporate leaders with subject matter and industry knowledge who have expressed an interest in providing their expertise to help other companies, said Caldwell. “They are well known to us, having worked with Caldwell as clients, candidates, and sources,” said the firm.
Value Creation Advisory Services assignments can range from pop-up help, requiring one or two “expert advice calls,” or a longer-term engagement involving weekly calls or meetings over an extended period, said the firm. The offering can involve assistance with detailed strategy development, efficient execution or ensuring institutional learning and best practice building, among other areas.
Caldwell is available to help clients handpick the individuals best suited to accomplishing their business objectives and will continue to monitor and support the relationship on an ongoing basis, said the firm. Additionally, as the client’s needs change from project to project, or even within a project, Caldwell can supplement the appropriate advisors by industry or area of expertise.
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