George Gdgeorgiadis wrote:Interesting Book. Do you believe that blockchain technology is going to be implement in processes from other Business Industries ( Logistic , Sales , Telcos ,Insurarance etc) ?
Hi George, I personally believe the blockchain will change how we do business entirely within the next 10 years, just like how the internet changed how we do business today, across all the verticals you mentioned, but especially finance, supply chain, insurance and healthcare.
The focus seems to be on tokenisation and finance* but it's my personal belief that it is a technology of the future with a move towards an internet of value.
However, at present, it's slow and expensive and going to face a lot of resistance from the people who have a stake in the existing technology.
The technology is already being implemented in projects like Spunta Banca in which the Italian retail banks are performing reconciliation operations. In trade finance, there is the MarcoPolo project. Note these applications are more in the enterprise (permissioned) ledger technology [like Corda] which is not quite the same as the more open blockchain solution technologies [like Ethereum).
Outside of all the nonsense and "crypto" hype, the technology seems to offer a better way to facilitate business interaction either internally or externally. Simply put its a read/write data store (ledger) in which all the systems come to an agreement (consensus) as to what is to be written as it solves an old problem of "double spending". Still, a lot of misunderstanding and general confusion as there is no real consensus around the general terms used to describe the technology.
*Decentralised Finance (De-Fi) is one of the new buzz words. This is opposed to the current centralised fiance (Ce-Fi)