Blockchain – The Evolution Of Trust
Hindsight is easy, foresight is almost impossible.
The genesis of the internet was a tiny ripple in the fabric of information technology. What started as a few connected nodes strategically placed in the halls of learning and academia, evolved into the world wide web. Arguably the most significant creation since the printing press (perhaps more influential than the printing press when examined through the metric of collective utility) At the time of inception there was no way of knowing that the tiny web of connected computers would turn into the world wide web.
The internet matured, and it connected us like never before. Soon, electronic commerce flourished and became part of our everyday life. This tremendous growth in transactional connectivity gave birth to an entirely new industry that has come to dominate every aspect of our lives. The internet opened countless doors to expand the potential of businesses, including the business of fraud and data manipulation
As we look ahead to tomorrow we are encumbered by the reality that the overall trust quotient of consumers is in decline due to this fraud. This is a serious problem that needs to be considered when planning a digital transformation strategy.
How to maximize your trust quotient?
Enter blockchain, not just for cryptocurrencies.
Blockchain represents a new paradigm in digital exchange. By its very nature, blockchain is a system that authenticates trust by eliminating the possibility of tampering. In effect, it provides a framework for establishing absolute trust. Embedded deep within the blockchain algorithm is a technology whereby each transaction confirms the previous and secures the subsequent.
The details of how this happens are beyond the scope of this blog, so here is what you need to know as an author of digital transformation: The most important thing that you sell is trust, blockchain holds the potential to guarantee trust and it is an idea you need to explore.
Blockchain, The Future and You.
Blockchain Is a disruptive force of nature. Predicting how it will affect the future of business is almost impossible, but one thing is for sure, if you aren’t paying attention to it, you will miss an important chance to capitalize from it.
Email me at [email protected] for a list of resources links and YouTube videos explaining more on the topic.
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