IN BLOCKCHAIN WE TRUST: TRILOGY NAVIGATION PAGE
“Blockchains can disrupt the disrupters like Uber. They will be at the heart of the Internet of Things — animating the physical world by, for example, allowing smart devices to contract, transact and securely share data peer-to-peer through blockchains. They can reinvent democracy by making politicians accountable to citizens through smart contract. Imagine if a politician only received her salary or an appropriation for a project after fulfilling pre-set objectives laid bare in that smart contract. She would be beholden to the people, not powerful interests or donors”. (Don & Alex Tapscott, 2016)
INTRODUCTION TO MY BLOCKCHAIN TRILOGY ARTICLES
I am sure that you have heard the term "blockchain." Before anything else let me say that this technology represents a truly revolutionary innovation. But why and what is it? To explain how this technology behind bitcoin and Ethereum (digital cryptocurrency’s related projects) is catching on in the specialty chemicals and automotive industries, I decided to publish a trilogy of articles, covering blockchain.
Article 1: Overview. Here I will remind what Blockchain is.
Article 2: Use Cases & New Business Models. Here I will describe ideal use cases and new business models using Blockchain.
Article 3: How to Start? Here I will suggest how to start with Blockchain.
Why should you read these articles? I strongly believe that blockchain will change the way we do business within two to three years. For example, try to see it from a “smart contracts” perspective:
You make a payment for a shipment to “smart contract” on the day of loading. It holds payment till shipment delivery is confirmed by a customer. Then “smart contract” releases the payment and money is transferred to your logistics provider (or a supplier) automatically. Or, let’s say you have a GPS tracker attached to the pallet of goods, then you simply could eliminate the middle man from this process and release the payment automatically, when the location rule is met. These rules can be defined in a programming code.
Sounds a bit farfetched? Today we already deal with entities that have been utilizing this fascinating technology, such as, government, defense industry, health, freight, banking, automotive and food, to name a few. Anyone who wants to do business with these entities, will need to adjust.
While not being a direct practitioner myself (as of yet), I am theoretically prepared and very enthusiastic about transparent & decentralized technologies such as these. My goal is to inspire you to learn more about the topic by covering it from the perspective of my domain of expertise: new business development.
The Blockchain Trilogy includes many of my personal ideas and forward-looking statements for new revenue streams that can be derived using this technology. In the second article, it is all about, the potential use cases; while I will concentrate on specialty chemicals with emphasis on lubricants, linked to the automotive industry, the thought process is also applicable to many other industries.
Please feel free to share this article trilogy and let me know your thoughts, with your comments. Also, please click here and subscribe to my monthly updates
Trilogy's References are below:
Blockchain and Distributed Ledger Technology
Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system.
Shiraz, A.,(2017) Keep An Eye On Blockchain
Porsche Introduces Blockchain to Cars
Blockchain in Oil & Gas: Explore use cases
How Blockchains Could Change The World
Photos used in all articles: unsplash.com
DISCLAIMER
Opinions expressed are solely my own and do not express the views or opinions of my employer. Information presented is publicly available.
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Thank you for reading my post! Here, at LinkedIn, I regularly write about cutting edge ideas in sales excellence, performance improvements and lubricants. My biggest passion is to help empower people to perform at their highest potential. I want to thank you for reading this article, but more so, my 15,000 plus followers who have been instrumental in my own success; I am extremely grateful for your time and for the lessons you all have been sharing with me on LinkedIn. I truly hope my articles will help you too. Good luck with your initiatives! If you would like to read my regular posts - please click 'Follow' and/or send me a LinkedIn invite. Don't forget to click here and subscribe to my updates.
Some other posts that I have written:
PERFORMANCE IMPROVEMENTS
In Blockchain We Trust: TRILOGY
FOCUS. …if you want to perform and execute
What Makes A True Leader: One Deep Perspective
Dream Big: It Is Not Over Until You Win
Driving Successful Post-Merger Integration (PMI)
If I Knew What You Know: 5 Q & A on Knowledge Transfer
LUBRICANTS
Selling Grease: Top 4 Applications for Polyurea Greases
The Best Kept Secret For Sales Success When Selling Lubricants Globally
Grease Color Challenge Solved: 2 Factors You Need to Know
Fluids - The Lifeblood That Keeps Transmissions De-Stressed
SALES EXCELLENCE
Big Hero Sales Blitz (Three Key Principles of Instant Sales Increase)
Art of Global Sales: The Cultural Practices
Let’s Bring Agility to the Chemical Industry Ordering Process
How to Turn Your Customers into Your Salesforce: 4 Effective Tactics
Sincere Regards,
Yulia Reinhardt