Decision Time Is Here For Blockchain

By • on December 20, 2017

The ZDNet website posted an article which discussed the relationship between blockchain, the purportedly immutable global database, and open innovation. It argued that in essence, blockchain has the potential to make open innovation truly “open.” Blockchain, because it is based on a common, open network, represents the next step over the internet as we’ve known it. There is a complex web of archaic processes, legacy systems, and misaligned incentives intra-and inter-company within the value chain of an industry. If you stand any chance of innovating it, you really need the ability to orchestrate and move multiple stakeholders, in multiple organizations, at the same time, for the right reasons, in a non-threatening, trustable, and efficient way. The distributed nature of open innovation meets the distributed nature of the blockchain technology.

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