All Block and No Chain

10 May 2017 2:11 PM | Anonymous

By: Christon Valdivieso, CSCP, SSBBP and Afton Knight, CSCP, SSBBP 

 

Recently a friend and I were discussing the value of blockchain technology to businesses. He pointed out that blockchain has the potential to increase visibility and decrease processing time allowing businesses to operate faster and with greater integration. My point is that businesses are not ready for it and thus it’s a pointless technology.               

 

While blockchain is a great technology that can increase speed and visibility, companies are already way too much “block” with no desire for the “chain”. Working with different companies I have found that most companies do not share data cross-functionally well, making the idea of sharing information across companies laughable. 

 

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