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

3 answers

• Lofi CavesOct 30, 2020 · 5 years 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.
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• MD Awal KhanJul 28, 2025 · 6 months 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.
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• John SteenJan 29, 2024 · 2 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.
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