The New Architecture
Blockchain provides a new architecture, much like TCP/IP laid the foundation for the internet in the late 1900’s.
The parallels between blockchain and TCP/IP are strikingly obviously, as both share properties of being open, distributed and shared. Blockchain is poised to dramatically decrease the cost of transactions, just like TCP/IP has revolutionised and reduced the cost of connections.
“Anything that can conceive of as a supply chain, blockchain can vastly improve its efficiency- it doesn’t matter if its people, numbers, data, money.”
– Ginni Rometty, CEO IBM
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”
– Tyler Winkelvoss
“Blockchain is the biggest opportunity set we can think of over the next decade or so.”
– Bob Greifeld, Nasdaq Chief Executive
Blockchain Benefits
Some of the most disruptive-prone areas of focus for Blockchain technology in the next few years to watch, be a part of and evolve with.
Energy Sector, Supply Chain.
Cryptocurrencies, Prediction Marketplaces.
Anonymisation, Secure Storage.
Reputation, Certification Management.
IoT E-Business, Distributed Device Management.
E-voting, Identity Management.
Global Organisations view blockchain as a strategic priority.
(source: Deloitte)
Industry 4.0 Principles
A monumental shift is taking place as Industry 4.0 and the rapid advancement of technology continues to shape the market and operational dynamics of business around the world.
Inter-connectivity
Inter-connectivity is when all devices, machines, sensors and people come together and have the ability to seamlessly talk to each other in a productive and orchestrated manner.
Information Transparency
Enabled by inter-connectivity, Industry 4.0 allows for technology and cyber-physical systems to capture more data than ever previously possible; as a result creating an audit trail where more transparency is possible than ever before.
Technical Assistance
Supported human decision making through advanced data integration and insights. Autonomous cyber-physical systems to carry out monotonous or unsafe tasks.
Decentralised Decision Making
Enabled by the vast amounts of data now collected, advanced digital technology and computing will allow cyber-physical systems to make decisions and perform tasks autonomously and in a secure, tamper-proof way.
Want to find out how to draw relevance to your organisation and industry? Get in touch with Ryan to see how he can help.