Choosing the right blockchain advisor/Consultant

Due to the popularity blockchain technology has achieved, more and more people are becoming blockchain consultants/Advisors. So it is vital to select the right people to get advises due to the risk involved.There is no big history for cryptocurrencies and blockchain technology. The reality is only few years of experience will differentiate one consultant from another.

 

You need to find a person/organization which is always see whats going in the market. These are some factors you need to consider when choosing your advisor/consultant.

 

Experience 

Finding people with experience only in cryptocurrencies is not going to help you. While you choose qualified in cryptocurrencies is important to identify their prior history in area such as finance, marketing, Management.

 

International Exposure

Blockchain technology is a global thing. So find an entity/person which has exposure to international market rather than an entity which has  only local exposure/experience.

 

Background Checks

Do a comprehensive internet research about the entity/people. If you find that your service provider is recommended by other people its a positive sign.

 

Published Content

Has your service provider published content already? Have a look at what they have done. Have they contributed to any research or white papers.  If so you have chosen the right person.

Future of Blockchain Technology

In the days cryptocurrencies were introduced introduced, people were curious about what it was and what it could do. Value of the cryptocurrencies  such as bitcoin has increased to a significant amount. People had a a doubt about the security and reliability. Its the blockchain technology which was helpful to build  the trust by introducing a transparent way of recording the transactions.

 

Due to the fact that cryptocurrencies are not centralized and the ability use without an approval of a regulatory body, cryptocurrencies have become popular among people. As a result lot of companies have decided to accept cryptocurrencies to conduct transactions.

 

Most of the people think that blockchain technology is same as cryptocurrency . In reality its not the case. Blockchain is a technology that is used to send a piece of information from one person to another. Cryptocurrency is only one of the product of blockchain technology. One day people might use blockchain technology to conduct medical, real estate transactions, voting etc. Interesting right?

 

With the popularity of cryptocurrency more and more types of cryptocurrencies will come into market.However only the once which are valuable to people will be able to survive and grow. Despite the banning of cryptocurrencies in some countries it is shown  that people are very interested in these. In first 4 months of 2018, people have invested in more money than they invested in the whole year 2017. So its obvious that the trust is building up among people which ultimately help cryptocurrencies to grow and blockchain technology will also keep improving.