There are two basic approaches to operationalizing blockchain technology in use by companies today: hiring an in-house team of developers or outsourcing projects to third-party experts. Both have their merits, but with the race for digital talent intensifying and staffing budgets under pressure, outsourcing is looking like the increasingly attractive option for many organizations.
Reliable outsourcing companies benefit from streamlined and optimized development processes, superior time to market capabilities, easier and faster workforce scaling, greater cost-effectiveness, and generally a richer set of tools and technologies at their disposal.
With major industrialized powers such as the USA, UK, and European Union announcing their intention to regulate cryptocurrencies and create their own central bank tokens, there is clearly still a great deal of untapped value and innovation to be unleashed in the blockchain space.
Blockchain technology may have the potential to help you significantly simplify and expedite international trade but it is only one way to maximize import-export business opportunities and to help your business expand globally. For more hints, tips and advice, download our Export Toolkit.