Design Thinking For Blockchain: Is It The Solution For Large Scale Adoption?

Design Thinking For Blockchain: Is It The Solution For Large Scale Adoption?

Design Thinking For Blockchain-The Solution For Large Scale Adoption?

Blockchain technology has witnessed an exponential growth over the past few years and an unprecedented adoption rate globally triggered by the current pandemic.

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Size of the blockchain technology market worldwide from 2018 to 2025

It has the potential to be a conduit for economic development and have a long lasting impact from a societal and environmental perspective. The total market size is expected to reach a valuation of $176B by 2025 and $3.1T by 2030 with a CAGR at or above 70% with slight variations depending on the domain (finance, retail, supply chain etc).

However, in order to achieve large scale adoption and long term sustainability we would need to apply lessons learned from other digital technologies. One of the major lessons learned from implementing other digital technologies is to deploy design thinking to create a human-centered blockchain ecosystem.

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The Evolution of Blockchain | Source: Gartner


Why design thinking? It would address the main barriers encountered so far in large scale blockchain adoption. By designing blockchain ecosystems that abide by the foundational principles of design thinking we could ensure optimal adoption, optimal interoperability, least resistance to adoption and high user engagement. Thinking big, acting small and implement rapid prototyping seems uniquely suited for the uncertain and volatile post-pandemic economic environment.

Dedicating time upfront to understand and keep customer needs at the center of the development process we could ensure long term sustainability across the blockchain lifecycle and an optimized human centered blockchain ecosystem. 

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Dr. Ingrid Vasiliu-Feltes

Innovation Expert

Ingrid Vasiliu-Feltes, MD MBA Is a healthcare executive, futurist and globalist who is highly dedicated to digital and ethics advocacy. She is a Forbes Business Council member, digital strategist, passionate educator and entrepreneurship ecosystem builder, known as an expert speaker, board advisor and consultant. Throughout her career she has received several awards for excellence in research, teaching or leadership. She is the recipient of numerous awards most notably: WBAF World Excellence AwardSocial Entrepreneurship 2021, Top 20 Global Leaders in Digital Twins Technologies, Top 50 Global Leaders in Health Tech,Top 50 Global Ecosystem Leaders, Top 100 Visionary In Education Award 2021, Top 100 Global Women in Leadership Award 2021, Top 100 World Women Vision Award, 2021-Innovation & Tech, Top 100 Women in Social Enterprise 2021 (nominee),Top 50 Global Thinkers (Nominee),Nations of Women Change Makers Award(finalist),Top 100 Healthcare Leader 2020 Award, Top 100 Finance Leader 2020 Award, and Top 100 Women in Crypto 2020. Additionally, she serves as an Expert Advisor to the EU Blockchain Observatory Forum, and was appointed to the Board of UN Legal and Economic Empowerment Network. Dr. Vasiliu-Feltes is CEO of Softhread Inc., the Founder and CEO of The Science, Entrepreneurship and Investments Institute, and currently serving as a Country Director for WBAF USA, Senator of WBAF, Faculty Member of the WBAF Business School-Division of Entrepreneurship, and teaching the Executive MBA Business Technology Course at the UM Business School. She is also acting as the Chief Innovation Officer for the Government Blockchain Association. Most recently she served as President of Detect Genomix, Chief Quality and Safety Officer Chief and Innovation Officer for Mednax, Chief Quality and Safety Officer and Chief of Compliance for the University of Miami UHealth System During her academic tenure she taught several courses within the Medical School, as well as the combined MD/PhD and MD/MPH programs. Throughout her career, Dr. Vasiliu-Feltes held several leadership positions and is a member of numerous prestigious professional organizations. She holds several certifications, such as Bioethics from Harvard, Artificial Intelligence and Business Strategy from MIT Sloan, Blockchain Technology and Business Innovation from MIT Sloan, Finance from Harvard Business School, Negotiation from Harvard Law School, Innovation and Entrepreneurship from Stanford Graduate School of Business, Certified Professional in Healthcare Risk Management, Fellow of the American College of Healthcare Executives, Patient Safety Officer by the International Board Federation of Safety Managers, Master Black Belt in Lean and Six Sigma Management, Professional in Healthcare Quality by the National Association of Healthcare Quality, Manager for Quality and Organizational Excellence, by the American Society for Quality, and Certified Risk Management Professional by the American Society for Healthcare Risk Management. Additionally, Dr. Vasiliu-Feltes is an Honorary Advisory Board Member of several companies, as well as an Editorial Board Member for several international publications, an author and TV/Media partner.

   

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