As often happens with new technologies, even for the blockchain the intrinsic value does not lie in the technology, but in the organization. It also occurs for DevOps in software production as well as for the adoption of Software Defined networks (SDN) or Software-Defined Infrastructure (SDI).
The real challenge, but ultimately the competitive advantage, lies in the organization, not mere technology. In the case of blockchains more than ever, since the blockchain does not do itself.
As Mauro Bellini writes in his splendid text: “The blockchain is a paradigm, based on a new technology and on a new organization that many companies adopt to improve, all together, the management of business, processes, transactions or many others. aspects of doing business. Therefore, the blockchain is not adopted, but it is “participated”.
The blockchain is a digital ledger whose entries are grouped into blocks, concatenated in chronological order, and whose integrity is guaranteed by the use of cryptography.
The blockchain has no reason to be adopted among a limited number of subjects whose relationships are historically consolidated and there is mutual trust between them. The blockchain, on the other hand, provides an enormous contribution in cases where you want to make more efficient, speed up and secure relationships between subjects making up a heterogeneous ecosystem that take the form of transactions, payments, contractual relationships, sharing of data or verifications and certifications.
But, when should you consider using a blockchain?
Blockchain technology enters the digital transformation process of organizations by creating value, replacing centralized subjects, in the sharing of assets that are not necessarily economic. But the challenge, for those who will be able to take it up, is first of all organizational.