Preparing the Organization for Blockchain-Enabled Work
- Sep 23, 2019 10:24 pm GMT
This item is part of the Special Issue - 2019-09 - Blockchain in Utilities, click here for more
The transformation of the utilities industry from a sleepy, highly regulated industry to one characterized by increasing deregulation, competition, and the emergence of new business models began with the passage of the National Energy Policy Act in 1992. This legislation created the outline for the competitive wholesale electricity generation market we know today.
Fast forward to today. Blockchain has the potential to impose the same amount of turbulence for redefining the economics, landscape, and human capital requirements of the industry. Combine the potential for blockchain in the power and utilities industry with the impact created by the top three trends identified in the 2018 “Deloitte Global Human Capital: A Power & Utilities Perspective” report1, and those companies who do not prepare for blockchain may be left flat footed. Senior Human Resource professionals need to remain vigilant in following developments in blockchain technology concurrently with how organizations are deploying human capital, as they are so closely related.
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