The Business Blockchain

Promise, Practice, and Application of the Next Internet Technology

This week’s book review is The Business Blockchain by William Mougayar.

Although this is not an easy read, Mougayar does an excellent job of explaining the blockchain and how it is positioned to fundamentally change the way we do business. These fundamental business changes will radically impact society. The blockchain is positioned to transform any transaction or interaction requiring any level of trust. This includes; financial transactions, contract verifications, private records storage and sharing, contractual work completed, identity verification, title ownership, etc..

My takeaway from this book is that the impact Blockchain will have on our world is unknown at this point. Trying to understand the impact it will have is like someone in 1990 trying to predict the impact that the Internet would make and how things would look in 2010.

My best guess is that the Blockchain technology will evolve (like the Internet and world wide web did) and it will look quite different in 10 years from what it looks now. However, business leaders must stay abreast of the technology changes and ensure that we are leveraging them so we are riding the technology wave and not crushed by it!