When I wrote about trust relationships in business the super-smart Gerrie Smits left a comment on the post about the potential impact that Blockchain might have on this relationship. Rather intrigued by this idea I got in touch with Gerrie (who’s writing a book on it) and asked if he’d be willing to answer a few questions on the subject. I’m far from being an expert on Blockchain but, as Gerrie’s answers demonstrate, there are some fascinating and not insignificant implications for many of the themes that we talk about in the agile business book. Over to Gerrie:
NP: Blockchain has become something of a hot topic over the past couple of years – how would you define it?
GS: It’s a digital ledger, a decentralised database that creates and stores the common truth about the history of transactions in a certain network. Apart from the technical uniqueness and smart code and cryptography, there’s a few conceptual aspects that make it different.
NP: We talk a lot about the importance of transparency and autonomy in the book. What’s the role that Blockchain can play in enabling these key attributes of organisational agility?
Also published on Medium.