The 4th Industrial Revolution from the Perspective of Business Model
Having a community to share knowledge and insights about the blockchain world surely bring a valuable network, therefore we came up with an idea to gather all the blockchain enthusiasts in our event; the BlockClinic 1.0, to encourage all the participants in thinking critically and grasp the insights of the crypto world. This bi-weekly event is hosted and organised by our community program, BlockLab Indonesia. In our events, we bring together business professionals, blockchain enthusiasts, academia and those who are interested to enter the world of blockchain through learning together.
We intend to cover a broad impact that the blockchain technology brings to every aspect in our life. That is why, we chose The Fourth Industrial Revolution as a perspective to introduce about blockchain in BlockClinic 1.0. Delivering the topic, Tokoin invited the speakers:
- Host: Singgih Akbar Prakoso — Community Manager BlockLab ID
- Peter Wijaya — Business Partner of Ralali.com
- Mutia Rachmi — Business Developer of NEM
Located in the Ralali.com’s office in West Jakarta, about 50 participants ranging of business executives, entrepreneurs in various fields, academia and journalists joined in in our meetup which consists a brief presentation from each of the speakers, Q&A, discussion and networking session. We want to create a community and aspire the people to deepen their knowledge about blockchain and widen their network.
The Fourth Industrial Revolution
Being aware that the industry is continuously improving, the world is now facing the revolution of industry 4.0. In this phase, industrial and business process is highly affected by technology such as Artificial Intelligence, Internet of Things, and blockchain. This will bring consequences to the business model in terms of efficiency of production and manpower. To get involved in the digital ecosystem, let alone the blockchain ecosystem, businesses need to adapt to a new form of technology.
In this case, business models are also changing. Peter Wijaya, one of our partner from Indonesia’s B2B marketplace, sees the sharing economy which can be powered with the blockchain technology to guarantee the transparency and security as an effective solution.
Understanding the blockchain network, Mutia Rachmi, the Business Developer of NEM presented an interactive illustration. To understand how blockchain works, firstly one can understand characteristics of blockchain, the peer-to-peer network. So the illustration goes as, if one peer put one data, it will be distributed to another peers. One peer modify the data, the change will leave traces and it will affect the other data that is being distributed on the network. This immutable characteristic makes the blockchain network is incorruptible and unhackable.
The technology of blockchain that can be implemented in a business model, requires a friendly interface for the user to access. Mutia Rachmi stated that the blockchain can solve problems and provide effectivity in business processes, such as trust, transparent records preventing fraud, cost reduction, quicker transaction which all are secured with encryption.
To answer the challenge of the Industrial Revolution 4.0, businesses must willing to invest their time in learning as well as knowledge and skill development. Tokoin and BlockLab Indonesia is providing a convenient place to get deeper understanding of many aspects in the blockchain field, which we will present in our upcoming bi-weekly event.
