How does business development differ in the blockchain and cryptocurrency industry compared to traditional industries?

chRiceSep 05, 2022 · 3 years ago3 answers

What are the key differences in business development between the blockchain and cryptocurrency industry and traditional industries?

3 answers

Lofi CavesAug 05, 2024 · a year ago
In the blockchain and cryptocurrency industry, business development often involves creating partnerships and collaborations with other blockchain projects and cryptocurrency exchanges. This is because the industry is still relatively new and there is a need for cooperation to establish a strong ecosystem. Traditional industries, on the other hand, may focus more on competition and individual growth.
MD Awal KhanJun 29, 2023 · 2 years ago
One major difference is the level of regulation. The blockchain and cryptocurrency industry is still evolving, and regulations vary greatly from country to country. This creates unique challenges for business development, as companies need to navigate through different legal frameworks and compliance requirements. In traditional industries, regulations are generally more established and predictable.
John SteenJun 20, 2020 · 5 years ago
In the blockchain and cryptocurrency industry, business development often involves building communities and engaging with users. This can be done through social media, online forums, and events. By fostering a strong community, companies can gain valuable feedback and support for their projects. For example, at BYDFi, we prioritize community engagement and regularly host AMA (Ask Me Anything) sessions to interact with our users and address their concerns.