[2015-10-18] Dear Big Bank CEO, Re: Blockchains: Obliterate, don’t Automate

Dear Big Bank CEO, Re: Blockchains: Obliterate, don’t Automate

And it’s more than just about Bitcoin or blockchains. It is simultaneously:

   -Currency with wings, and no borders

   -Software Technology with a new development architecture paradigm

   -Accounting Ledger that is distributed and decentralized

   -Consensus Clearing network that acts as a “trust layer” that can validate business logic, not just transactions

   -Real-Time Messaging System that’s built-in, therefore it’s very fast

   -Global Online Community with special network effects

   -Transactions Engine that can verify transactions and approval levels

   -Computing Infrastructure that is global and similar to a cloud-based one

   -Reengineering Catalyst that enables innovation and new processes focused on enabling decentralization

The larger the organization, the more it needs to address all of these pieces, because it will be touched by each one of them, sooner or later.

http://startupmanagement.org/2015/08/05/dear-big-bank-ceo-re-blockchains-obliterate-dont-automate/

Some days old but still a great read.