Technology is about innovation, not disruption
Companies often talk about the disruptive potential of their technology, but often misunderstand what it means. Disruption is described by the English dictionary as disturbance or problems that interrupt an event, activity, or process. When working with established industry incumbents to transform technology, disruption is the exact opposite of what we so called “disruptors” should be aiming for.
As well known US technology revolutionary Clay Christensen puts in his book, The Innovator’s Dilemma, a disruptive product is one which addresses a new market that previously couldn’t be served. …
Energy is the next major opportunity for blockchain
Since 2015 blockchain has been associated almost entirely with the finance industry and more specifically, payments. In 2016, companies started to realize the potential for applications of blockchain tech outside of the financial sector, but because of our synonymous association with blockchain and money, these concepts can be hard to grasp. The reality is in fact very simple.
Only now, in 2017, is the enormous potential of blockchain — outside the finance industry — starting to be realized. Issues always exist when keeping track of information and blockchain can provide a straightforward, cost effective solution. In finance and payments, this application is very obvious: we want to know that the transaction we are taking part in is accurate and that the details cannot be tampered with. If someone is sending me ten dollars, I want to know that I am receiving ten dollars. At the same time, I want to know that all of the required regulation and reporting for the transaction has been performed so that there is no way that this transfer of money can be reneged. The same fundamental problem exists in many markets outside of finance. …
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