According to the Bank of England definition, a blockchain is:
“a technology that allows people who don’t know each other to trust a shared record of events”
For organisations assessing the opportunity of Blockchain it is all about the second T-word in this statement — first and foremost start thinking about Trust (or the lack of it) before you start thinking about the Technology.
Twenty years ago in the hey-days of the internet the idea of the networked economy was conceived where organisations and industries would collaborate and connect in new ways. Wealth would be generated with the sharing of infrastructure and information while squeezing out bureaucracy and administrative costs. …