Meaning ● Blockchain SMB Strategy refers to a tactical framework enabling small and medium-sized businesses (SMBs) to leverage blockchain technology for growth, automation, and operational efficiencies. It is a customized approach acknowledging limited resources and specific SMB needs, focusing on practical blockchain applications. Furthermore, this strategic alignment targets enhanced supply chain management, secure data storage, and streamlined payment processing. It’s about thoughtfully integrating blockchain to achieve tangible business gains, such as improved transparency and cost reduction, without requiring extensive technical infrastructure. It also involves assessing risk, compliance, and scalability within the context of a growing SMB. This entails exploring permissioned blockchain networks that offer greater control and privacy for sensitive business information.
