Blockchain Will Change Organisation Design
Good Day! This is my weekly newsletter, with a dose of insights into the future. The topic of this newsletter is the exponential times we live in, hence the title of f(x) = e^x, which is the (natural) exponential function.
How Blockchain Will Change Organisation Design
My latest article:
When organisations incorporate blockchain technology and use smart contracts, they move towards becoming a decentralised and/or autonomous organisation. In such an organisation, actors of all kinds self-organise to create value. Governance, whether implemented within the code or ensured through the right processes, is vital because of the irrevocability of the code. Overall, Blockchain offers tremendous opportunity for organisations to create value, develop new products and services, automate strategic decision-making and reduce intermediaries, resulting in new, exotic, forms of organisation design that might very well change how we interact with them.
Three Useful Nuggets of Information
My weekly tips from around the web to get you thinking.
1. Will IBM create a Ripple competitor?
IBM announced that they are in talks with two major US banks to develop cryptocurrencies using Stellar’s XLM. The objective is to create stable coins that can be used for remittances between banks. (CCN)
2. Blockchain to capture $10 trillion of the world’s wealth.
The technology conglomerate Cisco recently released a new report in which they estimate that by 2027 10% of the global GDP will be stored on blockchain. If Cisco’s report turns out to be accurate, that would mean a $10 trillion crypto market is only eight years away. (Toshi Times)
3. Blockchain should result in better human institutions.
Lane Rettig, an Ethereum core developer, has said that there are multiple networks with “zero usage, zero dApps, [and] some that still haven't even launched that have sky-high valuations”. He also said that building better human institutions is the most important use case for blockchain. (CryptoGlobe)