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Here's how you can give feedback to subordinates in the Blockchain industry.

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As the blockchain industry continues to evolve, it's crucial to maintain a team that is not only technically proficient but also open to growth through feedback. When you're in a position to guide subordinates, remember that blockchain, a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system, is a complex field. The feedback you provide can significantly influence your team's development and the innovation within your projects. Effective feedback in this cutting-edge sector requires a nuanced approach, tailored to the unique challenges and opportunities that blockchain presents.

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1 Understand Tech

Before diving into feedback, ensure you're well-versed in blockchain technology and the specific projects your team is handling. Blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without the need for a central certifying authority. This knowledge is essential because it allows you to give informed feedback that recognizes the technical complexities your subordinates face. When you understand the intricacies of smart contracts or the significance of consensus mechanisms, your insights will be more valuable and relevant.

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Col. Patrick S. Lewis

Entrepreneur, Director, Advisory Board Member – Space II Security II Art II Technology
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Understanding tech takes time, experience and a good portion of self governance and motivation. In my opinion most people learn by doing, but hope with reading or listening it will be ok. Doing practical things tightens the brain and gets vested confidence. Theoretical learning in blockchain is very common unfortunately. I would urge everyone to start “playing” with blockchain tech to better understand the utility behind.

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2 Set Objectives

Feedback is most effective when it relates to clear objectives. In blockchain projects, where goals can range from enhancing security to increasing transaction speed, it's important to align feedback with these targets. Discuss with your subordinates the key performance indicators (KPIs) for their roles and how their work impacts the broader project goals. This approach ensures that your feedback is not only constructive but also steers their efforts in the right direction, fostering a sense of purpose and clarity.

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Col. Patrick S. Lewis

Entrepreneur, Director, Advisory Board Member – Space II Security II Art II Technology
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Objectives can kill motivation, teamwork and complete companies. Therefore it is important to set realistic but challenging targets to make sure they can be achieved by the top performers. Low performers might have other advantages that need to be identified, e.g. quiet people sometimes have traits and knowledge that others never have. Listening to them can be very helpful. Key is realistic and brutally honest evaluation of people and their contribution possibilities.

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3 Foster Dialogue

Encourage a two-way conversation when giving feedback. The blockchain space is rapidly evolving, and your subordinates might have insights or face challenges you're not aware of. By fostering open dialogue, you create an environment where feedback is a collaborative process. This can lead to more innovative solutions and a stronger sense of team cohesion. Ask questions and listen actively to their responses, showing that you value their perspective and are committed to mutual improvement.

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4 Timing Matters

Timing can be as important as the feedback itself, especially in the fast-paced blockchain industry. Provide feedback promptly to keep it relevant to the current projects your team is working on. If a subordinate has just navigated a complex blockchain problem, discussing it while it's fresh can reinforce good practices or address areas for improvement before they become habits. Immediate feedback can be particularly beneficial in an industry where the technology and best practices are constantly evolving.

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5 Positive Reinforcement

While it's important to address areas for improvement, don't forget to acknowledge what's going well. Positive reinforcement can be incredibly motivating, especially in a field as challenging as blockchain. Recognize the efforts and achievements of your subordinates, whether it's their problem-solving skills, innovative ideas, or their ability to collaborate effectively. Celebrating successes not only boosts morale but also encourages a culture of excellence and continuous learning.

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6 Personal Growth

Finally, tailor your feedback to foster personal growth. In blockchain, where continuous learning is key, feedback that helps subordinates develop their skills is invaluable. Identify opportunities for them to expand their knowledge, such as learning a new programming language relevant to blockchain development or understanding regulatory considerations. Encouraging personal development will not only benefit their career but also contribute to the advancement of your team and the blockchain industry as a whole.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Col. Patrick S. Lewis

Entrepreneur, Director, Advisory Board Member – Space II Security II Art II Technology
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As my grandfather always said: “Don’t be scared, just be prepared for the worst.” Building resilience for dramedies to come in life is essential to survive. Most people expect others to solve their problems. It gets easier for all of us, if people self sustain their positive attitude by learning and doing themselves as much as possible.

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Here's how you can give feedback to subordinates in the Blockchain industry.

1

2

3

4

5

6

7

1 Understand Tech

2 Set Objectives

3 Foster Dialogue

4 Timing Matters

5 Positive Reinforcement

6 Personal Growth

7 Here’s what else to consider

Blockchain

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Here's how you can give feedback to subordinates in the Blockchain industry.

1

2

3

4

5

6

7

1 Understand Tech

2 Set Objectives

3 Foster Dialogue

4 Timing Matters

5 Positive Reinforcement

6 Personal Growth

7 Here’s what else to consider

Blockchain

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