You're facing internal resistance to transparent blockchain solutions. How will you overcome the obstacles?

Overcome resistance by educating colleagues on blockchain's basics and its industry impact, explaining how its secure, decentralized ledger enhances trust and efficiency, and addressing specific concerns to underscore its value and relevance.

While educating the stake holders, it might be very important to remove as many buzzwords as possible & leave the technology out of it while focusing on the end user benefits. Instead of saying that you are going to implement a DLT that would store immutable data through a Decentralized network of systems, explain to them that you'll be implementing a blockchain network that would allow them to store data that cannot be tampered with.

Education and simplicity are important elements to explaining and understanding blockchain and web 3 for most anyone other then a developer or product mgr. If someone doesnt understand something, then you will lose them and therefore their interest. I have seen all of this firsthand where an explanation works and doesnt work bc of the complexity of a product or service. For a user, It takes a bit more effort to really grasp DLT and Defi and wallet creation etc so just putting in the time to learn and talk to your colleagues is helpful. Education should really be a daily initiative and bf long it will come to you...

Educating teams about blockchain technology through real-life examples is crucial. This approach fosters engagement and encourages questions, which is essential for bringing everyone up to speed. Regardless of expertise level, true understanding only happens when everyone is on the same page. Additionally, as an educator, using real-world scenarios helps identify common weaknesses, such as understanding transparency and the importance of owning private keys. Hands-on demonstrations are particularly valuable for effective learning in blockchain education.

Understand their thought process and help them challenge their thoughts. This is a psychology problem as much as it is a technical one. For example, team might be worried that getting blockchain into the mix might make their job too complicated, show them the future and make them understand how it will do the opposite.

Address fears of change by explaining how blockchain will enhance day-to-day operations, automate tasks, and allow staff to focus on more meaningful work, with training provided and current skills repurposed, not replaced.

Blockchain/web 3 shouldnt be construed as a disruptor as that will scare folks in the traditional business world. The message should be more of a complement on improving the status quo and driving innovative solutions where the web 2 + web 3 worlds come together for the benefit of users/consumers/mankind. Change and improvement and progress are all vital to growth, but for some co's it is hard to embrace new ways of looking at problems. I know some of the F1000 co's are embracing and studying blockchain efficiencies, but many are also taking a wait and see approach until there is a clearer path to the winners/leaders.

Fear often arises from the unknown and this is particularly true in the blockchain space. It's important to address these fears, as blockchain technology can be leveraged for numerous beneficial purposes.While blockchain began with Bitcoin, the advent of smart contracts on platforms like Ethereum significantly expanded its industrial applications. The excitement in this space is palpable, but fear persists due to a lack of understanding. Blockchain offers solutions to many longstanding problems, and it's crucial for people to recognize the diverse applications and appreciate the innovation at our fingertips. This technology has the potential to power various systems, becoming interwoven across numerous transparent and efficient blockchains.

I’ve discovered that case studies are incredibly effective in highlighting the benefits of any solution. Providing a list of 20 features that a blockchain network will have might not always be persuasive. However, demonstrating how another partner has successfully implemented the technology and the positive changes they experienced can easily showcase the advantages of your solution.

To convince skeptics, demonstrate blockchain's benefits through case studies showing increased transparency, reduced fraud, cost savings, and improved decision-making tailored to your organization's goals.

This needs to be reinforced over and over, as so many entrepreneurs are building tech with the lack of adoption and utility in mind. Yes, the normal path is to go from testnet to mainnet with your community in order to get real time feedback, but piloting needs to happen to garner RWA with co's who are scaling who you can grow with. A founder should get validation and then iterate in the pilot phase, otherwise, it is an effort of futility which doesnt help employees/investors or anyone. Co's dont want to roll out initiatives without testing in a small way first, as resources are limited and pilots need to show progress and new discovery methods.

Funding is a key driver of innovation and business development. With sufficient funding, innovation flourishes, leading to the creation of new industries. This innovation is exciting not only because of its potential impact but also because it is global, not limited to local regions.