Blockchain as a Design Thinking 2.0 Tool
I recently participated in an IDG-sponsored roundtable discussion on blockchain with representatives from the technology, consulting and academic worlds. All panelists agreed that we will see widespread adoption of blockchain technologies in business and beyond – but likely in ways we haven’t yet thought about. One common observation was that the business relevance of blockchain […]Read More
Blockchain Beyond Banking: The Sky’s the Limit
As blockchain revolutionizes traditional financial services, distributed ledger technology is creating new opportunities in other arenas as well. Today, just about everyone knows about Uber, and many people use it. Now comes Abra, billing itself as the Uber of digital cash. Abra is a blockchain-based digital wallet that enables people to store digital cash on their […]Read More
Blocking the Chain of Online Pirates
If you have been keeping up with the latest news and drama around Torrents, you know that a major torrent site has been taken down and the owner, arrested. While this was happening, other similar sites resurfaced, making it easy to conclude that this global battle between law enforcement agencies and online pirates is far from over.Read More
Will Blockchain Reset the Table for Banking?
I met recently with the chief operating officer at a major bank, who offered a lighthearted yet insightful observation on the buzz around blockchain: he said the hype around the technology is so intense that if you walk into any venture capital firm and can spell blockchain, it’s possible you’ll get startup funding. Of course, just about […]Read More
The Byzantine Generals: Key to a Blockchain Future?
A castle under siege defeats the besiegers? It sounds like an episode of Game of Thrones. But it’s not. It’s a retelling of what’s commonly referred to as the Byzantine Generals’ problem. In its essence, the problem is one of unprovability. The four attacking captains can only communicate through a messenger. The messenger could be […]Read More
Blockchain: Get Ready, Get Started
Bitcoin, Peercoin, Ripple, Dash. These and other names suggest a certain whimsy among the hundreds of companies in the cryptocurrency marketplace. But there’s nothing lighthearted about the growing competitive challenge these companies pose to the financial services industry. Underpinning all these upstarts is blockchain, the digital ledger technology that continues to build momentum through the […]Read More
True or False: Blockchain Will Disrupt Everything
Blockchain is going to be the biggest innovation since the Internet. What’s your first reaction? Truth? Or will you reject it as just another hyped-up technology claim? After all, if the full potential of the Internet has yet to be realized, it’s difficult to imagine that we could be witnessing another grand idea that promises to transform […]Read More
Will Blockchain be the Tipping Point for Financial Services?
The art of being a business leader The Chinese calendar notes 2016 as the year of the Monkey. We all know monkeys are smart, curious — mischievous. So are business leaders: they’re smart and staying curious. (Let’s hope that the mischievous part stays at bay.) They have a lot to be curious about. In 2015, so-called “FinTech” […]Read More
Predictions (and Some Provocations) for 2016
It feels weird wishing people Happy New Year halfway through January. But let me weigh in anyway with nine predictions for the 50 remaining weeks of 2016. The winning Powerball numbers to the largest jackpot in history will be … Wait … It really is too late for that one. I was totally going to pick those numbers, too. […]Read More
In a Digital Economy, Cashless is King
Even the United Nations, alongside the Bill and Melinda Gates Foundation, want societies to forego cash for more virtual transacting. In addition, they want to cut costs and improve transparency, and are working with governments and the private sector to encourage more use of electronic payments.Read More