After the boom of the last few years, the digital asset ecosystem has managed to position itself as one of the sectors of reference and with an exponential growth forecast. At Grant Thornton, we help our clients to explore all aspects of this technology, to create tailored solutions that bring value to the business and address problems and inefficiencies in the business sector.
Distributed ledgers have grown beyond their cryptocurrency roots and the once-emerging technology is at last ready for your business to put it to work right now.
"Blockchain is not the solution to everything," warns Wayne Pisani, head of financial services at Grant Thornton Malta. "Rather, it is typically part of a solution to a situation you might already have and are using multiple processes which you want to simplify."
Blockchain – the technology behind the bitcoin digital currency – has gone from being a potential pipedream for the future of financial services to a legitimate application for businesses worldwide.
How has blockchain been put into practice as part of live, commercial business solutions? "[Blockchain] spells the death of the invoice," proclaims Lee Pruitt, co-founder and CEO of spend-control-as-a-service provider InstaSupply.
New figures from Grant Thornton’s quarterly business survey of 2,500 businesses in 36 economies, the International Business Report (IBR), reveal that businesses in nine of the world’s ten largest economies have reduced their profitability expectations for the next 12 months.
One of the reasons House of Cards is so successful is its two protagonists, Frank and Claire Underwood. What strikes me is the fact that these bold, powerful characters’ understanding of one another is key to their success. Both recognise the need for calculated risk-taking – but they also know when to step in and tell the other that it is or isn’t the right time to take that risk.
Grant Thornton’s latest International Business Report (IBR) finds that while business optimism is rising to new quarterly highs, a storm may be brewing in the shape of a skilled worker shortage. In addition to high business optimism, the survey finds increases in revenue and profitability expectations. However, growing fears over workforce skills could impact confidence.