In Friday’s comment, the question is, why is the least Blockchain-pilot tests to make the leap into commercial practice. What is the role of existing corporate structures that play a what do Bitcoin and the E-Mail and why you can refer to the Blockchain as a reactionary technology.
By Sven Wagenknecht
8. November 2019 BTC $ 9,070.01 2.87% part Facebook Twitter LinkedIn xing mail
in the Meantime, have set many large enterprises with the Blockchain technology apart. It has carried out countless pilot tests. Most of the Tests based on private Blockchain solutions and together with other companies carried out in the framework of a consortium. The great casting, which made a pilot project to a commercial success, and the processes in a company significantly optimized, from remained. Despite the progress made, is acting, when it really comes down to the use of a Blockchain-only very cautiously and in a very defined area. Also, the degree of decentralization is very limited and especially IT professionals, not to criticize, quite unjustly: it Takes really a Blockchain?
Wanted: The crypto-Homo Universalis
the requirements on The development of a Blockchain-solution could not be higher. As difficult as it is to find programmers that are able to develop Blockchain-based infrastructures, there is still the hurdle with the Smart Contracts. Without the code cast contracts, there is no sense in functioning Blockchain application. This, in turn, means that programmers and lawyers need to work very closely together. To program a Software without errors is, in practice, possible only with difficulty. To integrate now also contractual rights, to understand the alarm way, the bells in many of the legal departments of the company ringing. The result is a standstill.
at the same time, economic factors must be taken into account, which go with the company the level of management objectives are associated and a business model was identified. The potential for Frustration in this maximum interdisciplinary environment quickly leads to projects coming through their test phase.
In a field of tension: centralized vs. decentralized business structures
in addition to conceptual errors and lack of interdisciplinary consultation, it’s about something much more Fundamental. So it only makes sense to implement a Blockchain-solution, if the environment of a distributed transaction processing or other of the Blockchain technology can benefit from the inherent property. The Problem with this is that the structures of most businesses are still relatively centralized and hierarchical patterns of Organization are subject to. You want to demoralize a part of the area subtly, it means that inserting a kind of foreign body in the organization structure. The new Blockchain-puzzle piece collides to the company’s existing processes and structures. So if you want to implement Blockchain, it must, first of all the own structures in the company and in each of the departments in question.
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It is a holistic approach to all the business structures and processes take account of needs. A circumstance that requires a lot of work and a lot of resistance in the organization. The consideration of the Blockchain technology, as an isolated solution or tool is doomed to Failure. No other technology is so dependent on your environment and the Ecosystem how the Blockchain technology. There is a massive is, therefore, fallacy, a Blockchain-to compare Integration with a Software Update that only needs to be re-installed on the computers of a company. Before integrating a Blockchain solution, must be broken up old structures and for distributed structures open.
Smart Contracts: degree of complexity is often too high
a Blockchain solution to the hoped-for results, more value, must be met in advance some of the conditions such as sufficient digital interfaces, a clear legal framework, clear scope of responsibilities, etc. In addition to the degree of to be imaged decentralization it is necessary to consider above all, the level of complexity of Smart Contracts. This circumstance explains the success of the Bitcoin Blockchain.
In the case of Bitcoin it is simply a matter of transferring a crypto unit of currency, so the Bitcoin from one address to another. There is only one Use Case. It needs no myriad of Smart Contracts, since it is only possible to Transfer as a use case. The Same is with Ethereum, Stellar or other Blockchain protocols possible. But your claim is in the processing of pure payment transactions. Not for nothing is it called Ethereum as a Smart Contract platform. It is a question of the programming of the applications whose transactions are, in turn, settled on the Ethereum Blockchain.
The level of complexity is different than for Bitcoin. For this reason, the first major application of the Internet was the E-Mail and not a Web 2.0 platform such as Facebook. So many of today’s pilot work projects commercially, we need to develop – in addition to the basic house tasks – an Ecosystem by Smart Contract applications can be smoothly carried out.
Blockchain as a reactionary technology
The Blockchain is first and foremost a technological a reaction to the increasingly digital-expectant market economy. So it’s less of the Blockchain technology itself, which changes the (value creation)processes, and organization structures, but the environment, which promotes a new distributed infrastructure and requires.
The broader terms of digitisation and globalisation are leading to an ever more fragmented and more international networking between people and machines. Together with technologies such as the Internet of things (industry 4.0), and Artificial intelligence, smart relationships between trade, are made actors. Smart Mobility, Smart Home, Smart Fabric etc. the Emergence of a new Digital Economy outline. This Economy is defined by the intelligent networking and automation through the inclusion of a maximum of many sources of information and Action actors. Regardless of whether it is Internet-capable devices such as smart Sensors or remote trading centres for commodities.
the new profile of requirements leads to the need for a secure and decentralized infrastructure, ergo, the Blockchain technology. The future degree of cross-linking through a centralized infrastructure to map, would lead to a limitation of the interactions. Also, the market could be exploited potential for a particular service only is insufficient. Centralisation would lead in particular in the area of data Economics, to the exclusion of many market participants, and thus information.
there is, However, superior to that currently in the Central control of the remote in most cases. The more sophisticated technologies such as the Internet of things and Artificial intelligence and a new level of networking, the more likely the use of a Blockchain infrastructure is necessary. But also structural changes, such as the energy transition will lead to a decentralization of our infrastructure. Thus, the production of renewable energy – for example, the solar system contributes to the series of house – to a decentralisation of the energy market. Many Blockchain projects that are still in the process of failure, are likely to have in the next few years, better and better prospects of success.
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