Digital Transformation and blockchain
Many information workers spend a lot of time answering e-mails and tracking local ledgers (for example in Excel). Organizations are expected to spend up to thirty percent of their costs sending messages to other organizations and requesting data from other databases in order to create a shared reality. In addition, managers spend on average two days a week on interactions (internal transactions). A new employee ‘boarding’ sometimes means more than fifteen interactions with other departments.
We may conclude that there is a lot of friction with the current way of organizing supply and demand of data: both between and within organizations. Besides this challenge more and more people want to be in control of their own personal data and bring their own data if they ask for a product or service. Data economics and data logistics as part of the real Digital Transformation, with a focus on Distributed Ledger Technology and Blockchain Organizing, helps to organize personal data services and reduce friction costs drastically. Leaving local and handicrafts IT-systems and creating a digital assembly line and a shared reality makes the reconciliation in supply chains much faster, efficient and cheaper.
If properly organized, we expect total organization cost reductions of ten to twenty percent in the next decennium as a result of this digital assembly line. This does not work with existing insights, organizational models and automation projects, for which a more fundamental approach is needed within the context of real Digital Transformation. Because the organization itself was taken as the starting point for the first wave of Digital Transformation projects, most projects failed. Blockchain Organizing is applied within the next phase of Digital Transformation.
Distributed Ledger Technology and more specific Blockchain Organizing is a renewed invention of management. Within the context of digitalization, globalization and sustainability, Blockchain Organizing is a disruptive technology (Blockchain) applied in a fundamentally new organizational model (Weconomics), so that you can organize data, as the basis of organizing trust, attention, (information) work and economics, without increasing information overload, complexity and bureaucracy and with a much higher productivity and security for the information worker. In a situation where organizational costs in- and transaction costs decrease, transactions and working organizations will be organized in a fundamentally different way the next decades. The Digital Assembly Line, as concept within real Digital Transformation will play an important role and Weconomics partners can help you with this transition.
Do you want to know more? Read one of our books, blogs (Dutch), blogs (English) or media-articles for example. You can also deepen your knowledge by attending one of our master classes or training course (Blockchain Academy) or become member and get access to the Blockchain Organizing Center of Knowledge (BLOCK) For an up-to-date overview of our training courses, master classes and lectures click here.