Blockchain

Blockchain is a technology. It is not a solution on its own, in the same way as electronics, coding languages and the world wide web on their own are not solutions. The solutions come from how the technology is applied. There has been confusion on this point. Too much has been written about how blockchain is the answer, rather than a technology which could be utilised to come up with a potential answer.

Some people claim Blockchain is all hype. Some people claim that Blockchain will change the world. As a CIO you don’t have the luxury of waiting around to find out who is right. You have to do something now. Experiment, review the options, do some sort of pilot so that you are ready. If you don’t, you’re not doing your job.