The future of blockchain is looking bright for crypto project. This revolutionary technology has the potential to change how people work, transact, and interact with one another. While this is a world-changing advancement, it can also be difficult to keep up with all the new developments in an ever-growing industry. That’s why we’ve put together this list of blockchain questions you need to ask before you make your strategy.
1. Where do you see the blockchain industry in 5 years?
The short answer to this question is: wherever you are in 5 years. The longer answer is that the blockchain industry will be everywhere over the next five years, but it will be different for everyone. That’s because people approach blockchain very differently and that could result in entirely different business models. As a result, there are multiple roadmaps for each company currently developing blockchain technology. Some focus on attracting new users to their platform, while others focus on improving current platform offerings or even creating entirely new ones. So, ask your question and make sure to get a response that includes more than vague, general terms. Make sure to get a clear idea of where this company sees the industry going, so you can plan accordingly.
2. What is the blockchain development process like?
Very few companies that have a history in developing software have been able to change their processes when it comes to blockchain technology. As a result, you might be surprised with how different their pipeline looks – especially if you’ve worked with this company before. There are some similarities with the way that companies approach their development process and their marketing strategy, but most of them will have one or two differences from what you’re used to. Find our site list.
3. How will you drive traffic to your site?
It’s no secret that blockchain is still a very new concept. This means that a large majority of the population doesn’t understand what it is or how it works. Even if you’re not looking to develop blockchain technology, you need to be prepared for a major branding and marketing effort in the near future. There are many key influencers in society that have tremendous reach and can help get your message out there. Similarly, smaller companies will target smaller groups of people who may be interested in their products or services. It’s your responsibility to get in touch with these companies and make sure they’re doing their job. This can be done through email, phone calls, or even in person meetings – whatever works best for you.
4. What are the long term goals of your company?
This might just be one of the most important questions that you ask a company while exploring blockchain development options because it will give you insight into how motivated they really are. Most companies will have at least a few key goals of seo link building that they want to achieve in the near future and most of those goals will be achievable within the next five years. Asking this question will give you a good idea of how realistic their goals are and how much progress they’ve made so far. This is the sort of question that can save both your time and theirs, so make sure to ask it.
5. What does blockchain offer to my company?
This question is very broad, but is important nonetheless. There are too many companies out there that are jumping into this field without knowing if it’ll benefit them in any way. Make sure you take the time to understand what blockchain offers before you make your final decision on who you want to work with. And yes, there will be a final decision – no matter what they tell you, no one is going to build your blockchain for free.
6. What are your thoughts on ICOs?
While ICOs have been under a lot of scrutiny lately, they’re still going strong. That’s because they offer an opportunity for companies to raise money and reward their users – two things that are very important when it comes to building a successful platform of token marketing. But it’s also because the public is drawn to them like a moth to a flame. Asking this question will give you insight into how legitimate your potential partner is, as well as how professional they are in general. If they try to avoid the question or give you an answer that sounds canned, either move onto the next company or ask another question that might reveal more about their stance on this subject.
7. What goals does your fund or initiative have?
You should make sure to ask the company how their company or initiative plans on growing in the future. Is this a long term plan that they want to stick with for the foreseeable future, or is it just something short term that they’ll move on from as soon as they’re successful? Asking this question will give you insight into how serious they are about their goals and how committed they are to making them happen. This is crucial information when it comes to deciding whether or not you want to work with them. If they have no plans of growing, then there’s no point in working with them.