Here at the TruthRefinery, we focus on real-world applications of this philosophy of Technology.
The next 10 years will see massive waves of change in markets and fundamental underlying tech architecture... What is your path for adaptation or extinction? Will you be part of it? A leader? Playing catch up?
As practitioners of new ways of thinking about new methods and new models, we design our engagements with people and processes for iteration. We encourage you to normalize changing your mind as a strength.
With the right deployment of Enterprise Blockchain, everybody has a copy of a Distributed Ledger being built, used, and shared. The process applies a “consensus algorithm” that approves all real and accurate transactions. This eliminates wasteful bottlenecks and selfish bias of a central hub.
The power of blockchain comes from the combination of: Neutrality (just like there is no CEO of the Internet), Immutability (all changes are saved), and a unique network self-evaluation mechanism (so we don't have to).
Today, contracts are designed to accommodate existing relationships. Most add to the complexity of a relationship, lock controls, and limit iteration and invention. Blockchain includes the ability to create “Smart contracts” that also adhere to your rules (min requirements, max revenue share, etc) BUT ALSO allow new relationships to be made without central approval. Now deals can grow exponentially wherever they should - shared freedom, shared inspiration, shared revenue.
Win-Win is an understatement. These capabilities allow for more than mere scenario planning with a persistent, holistic view of all stakeholders AND a method to take action.
The benefit is solving problems you didn’t know you had, and will inevitably have.
This new seamless accommodation, in an automated system, reveals AND enables unpredictable arrangements and opportunities across internal departments and partner models ... we can literally Discover The Possible.
Your path to profit starts with starting. Yes, there will be fast results as your processes and data are mapped to acknowledge redundancies and the most efficient workflows. However, the goal is to benefit from synchronized alignment and efficiencies across your company and entire ecosystem for an industry-wide "network effect."
An example - the "new arc" of NuArca is between your specific improvements and a true Ecosystem Exchange.
3 reasons to deploy with Enterprise Blockchain:
1) Direct Value - Save money with less duplication and optimized automation.
2) Indirect Value - Lead w/ your agenda, learn, differentiate, associate, promote
3) Participate to discover The Possible
Here are two cases where this mindset has proven valuable ... and freed us from the frictions usually associated with progress and collaboration:
One case is when countries form Trade Agreements. Deals are structured, but the opportunities expand beyond expectation. Opportunities are exposed. Value is created. Economies discover Their Possible.
Another case is the mobile phone - we had no idea of the impact smartphones would have on ourselves and the world. innovators created (and early-adopters bought into) direct and indirect opportunities that have evolved into our obsession with these addictive devices.
So... to illustrate the point:
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