Question: in providing cloud computing and data storage solutions to small and medium enterprises ( SMEs ) . Recently, TechWave has been approached by a global
in providing cloud computing and data storage solutions to small and medium enterprises SMEs Recently, TechWave has been approached by a global tech giant to collaborate on adopting blockchain technology for secure data transactions and decentralized storage systems. The management is optimistic that integrating blockchain can elevate their offerings by ensuring unparalleled data security and trust among their clients. However, the shift involves significant challenges: High Upfront Costs: Implementing blockchain requires investment in infrastructure and skilled personnel, which could strain the companys resources. Knowledge Gap: The current workforce is unfamiliar with blockchain technology, necessitating training or hiring external expertise. Market Resistance: SMEs, TechWaves primary clients, are often hesitant about adopting new technologies due to cost concerns and fear of operational disruptions. TechWaves management is evaluating the feasibility of this technology transfer and wants to ensure it aligns with their longterm growth strategy.
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