The good & the bad about blockchain business pitches

Research on the working of blockchain technology has exploded in recent years. There have been several attempts to use them for various business applications. The global blockchain market could achieve a total value of almost $137.59 billion by 2030.

Blockchain offers alternatives to centralized data storage and administration. Implementing blockchain technologies promised to bring about decentralized trust, which can upend digital ecosystems. Transparency, monitoring, and payment methods, among other benefits, have the potential to revolutionize businesses and services fundamentally.

However, in addition to decentralized storage, blockchain technology is intended to offer a variety of other value propositions. That includes ground-breaking decentralized participatory governance structures, novel crypto prices, investment models, and multi-stakeholder business interactions.

We have some suggestions for you if you start a blockchain-based business. We now get far more proposals related to blockchain and initial crypto offerings than anything else. Most of them are also not effective. We will guide you through the additional obstacles this generates for you.

Unfortunately, one has little time to persuade any possible investor that his firm is unique, given the deluge of poor blockchain pitches flooding the market. It often looks like businesses only use the term “blockchain” to comply with industrial noise. Like AI or machine learning, it is the thing that everyone desires. Additionally, they typically appear poorly planned and handled by executives with little expertise.

We believe that the main issue is that many of these founders are not very knowledgeable about blockchain technology. They are frequently employed in situations where other remedies would be far more effective. One justification we hear is that “blockchain is free,” which is a huge warning sign to us. It is not only not free but also among the most expensive methods of storing data or processing transactions. It is also sluggish and inefficient.

The blockchain pitch that most intentionally goes against economic logic

CORION, a new cryptocurrency startup, eliminates the uncertainty associated with shifting coin pricing with its stable-rate coin. In other words, if someone buys a CORION coin for $1, they can be confident the price will never change. How is it even possible?

The revolutionary business concept of CORION includes an automatic inflation and deflation management technology that manages the volume of coin emissions to maintain a constant crypto coin price in the coin market. By establishing a connection between their CORION wallet and favorite service providers, customers may shop the marketplace risk-free and profit by splitting the coin rewards from daily incentive emissions for devoted users.

Skilled Marketing Pitch Advice For Blockchain And Crypto Businesses:

The top 5 tips for blockchain and cryptography companies and suppliers when pitching to corporations are provided below:

●         Objective / Result

Be courteous, concise, and specific about why you want to meet with potential customers and how your product or service could benefit them when contacting them by email or LinkedIn. Multiple, long paragraphs will cause sections to be skipped or the entire message to be disregarded.

●            Review & Feedback

The meeting should have as its objective holding another meeting. Every day, several entrepreneurs interact with corporate entities. You must follow up but avoid aggravating the client in the process. Look to find out a few simple reasons why they are not interested if they are not. This information is priceless and has to be included in your product backlog.

●             Agenda

It’s a simple yet crucial action. Share an example agenda when a prospective client or customer agrees to a meeting so you can be sure you’ll cover everything essential to them and you. Remember that this concerns their business needs and how your offering will support them.

●          Conferencing platforms for video

Do your research. Discover the company’s preferred videoconferencing platform, then utilize it to invite people to a meeting. For instance, instead of using Zoom or Google Hangouts, many significant corporations prefer Microsoft Teams. If you send an invitation to the wrong platform, it can cause the meeting to start late (since people will have to switch between platforms and devices), or, in the worst-case scenario, it might force you to postpone the meeting.

●             Integration

Complex IT environments are characteristic of large corporations. Corporates will think about how to integrate this as one of their factors. SaaS and the cloud are the favored option for startups, but corporations may not necessarily choose them.

How would a successful blockchain startup pitch look?

The promise of value is what distinguishes a startup pitch’s excellence. Most of the time, a technology decision does not guarantee value on its own. Just placing an already-existing, very successful service that solves a real need on a blockchain is NOT a promise of value, just a friendly reminder before we get there.

Unfortunately, simply labeling Uber as “decentralized” or “transparent” won’t be enough to disrupt the transportation sector. Building “Block-Facebook,” “Airbnb on the blockchain,” or any other GAFA on the blockchain is not a project; instead, it is a buzzword imitation. Even if the initiatives’ target markets are highly specialized, they may offer substantial value.

The recurring business model serves as the foundation for this startup pitch technique: Recreate a notion that weights billions, add the phrase “blockchain,” and hope that at least some crumbs will fall from this strange combination.

Consequently, strong blockchain business pitches will depend less on the technology behind the idea and more on the value it creates.

Dreadful solution about blockchain business pitches

99% of blockchain startups will eventually falter due to their inherent limitations and low value. Remember that roughly 90% of businesses outside of blockchain failed.

Investors (Business Angels, Venture Companies, ICO participants, etc.) would likely incur significant losses, which might have a more pervasive effect on the economy. In any event, this failure and increased knowledge may cast doubt on the technology’s promise, and blockchain may once more be written off as “dead” before rising from the ashes.

Ideal solution for blockchain business pitches

Third parties acquire most of these blockchain working and best cryptocurrency prices, and this period of rampant entrepreneurship will have accustomed the general public to these cutting-edge technologies. A new generation of business owners will be familiar with blockchain, and it is reasonable to assume that this will strengthen the ecosystem as a whole. The ecosystem will experience the same kind of healthy but extraordinary development that we saw in the years preceding the IT bubble after the solutions to manufactured issues are eliminated. The labor is trained, and the actual entrepreneurs are flourishing.

Parting Words

Hence we concluded that Blockchain technology is advancing and getting better every day, and it has a promising future. Numerous uses of it, such as bitcoin, Ethereum, etc., result from its transparency, trustworthiness, and tamper-proof qualities.

It is crucial to improving commercial and governmental processes’ safety, effectiveness, and efficiency. With this assessment, we hope to shift the conversation away from hype and wishful thinking and toward how to use blockchain to provide real benefit and value.

 

 

“Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions. trendingcryptocurrency.org does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is trendingcryptocurrency.org an investment advisor. Please note that trendingcryptocurrency.org participates in affiliate marketing.