The mindset for organizations of the future.
"If blockchain is seen as the new internet, BlockChange is the underlying organizational principle with which the impact of blockchain can be made clear"
1. Introduction
In this paper, BlockChange is described as a way of thinking for organizations that are "futureproof" or want to become that. Because of the rapidly changing world and the shorter life span of products/companies, there is a demand for a new standard. For example, a few years ago it was unprecedented that reputable companies such as Unilever, ING and the Starbucks would engage in virtual money and smart contracts. These kinds of "trends" mean that it is increasingly difficult to establish long-term visions and strategies, and the sustainability of companies is seriously shortened. Innovating your strategy and having a flexible mindset as a company is no added value but bitter necessity.
What does blockchain mean as technology
A blockchain is an online register in which transactions are registered. There is also talk of a digitally decentralized ledger. Everyone who participates has a copy of the ledger on his computer. Every transaction, a block, is verified by all users, as it were.
From a technology to a way of thinking
At its core, the blockchain aims to create an open ledger that can be viewed and modified by each member of the blockchain. This makes transactions more transparent and excludes the need for "brokers" such as banks, administrative companies and brokers. However, the term "transaction" must be seen much broader and more abstract. Every appointment, conversation and every process consists of transactions that can be digitized and simplified via the blockchain mindset. As a result, existing forms of organization and protocols within companies can be revolutionized, resulting in connections that were never before possible (BlockChange).
2. BlockChange: the basic principles
Managing expectations and goals
1 of the possibilities created by the blockchain invention is the usage of "smart contracts". These smart contracts are real-time digital checklists that can be concluded between parties. All forms of agreements and transactions can be included in these contracts. Because they are digitally stored, they can be viewed and adjusted at any time. Through this technique, the "restrictive nature" of the current contracts is removed and there is a pure focus on creating added value for all parties involved.
Features of smart contracts:
- These agreements can be concluded at any time and between everyone.
- It can always be waived because of the included "exit ruling" (What are the consequences if this agreement is terminated).
- All forms of agreements and transactions can be included in the agreement.
- They are always clear to everyone (this can be modified by the parties involved.
- The agreements are legally valid and comply with the conditions of the legal system.
All this ensures that all thresholds concerning agreements are removed. This makes it easy to meet the expectations and goals of all parties involved. This is because expectations / goals can be included as √ (check marks) in the smart contract.
Digital portfolio based on core qualities
For a long time someone with many diplomas and a good employment history was seen as smart and reliable. However, it is now the case that people are already seen as influencers (influencers) when they have a lot of likes and followers on social media. By mainly young people they are seen as role models and so companies make eager use of this for example with collaborations and advertising. This change and the way of thinking of BlockChange ensure that opportunities arise in the area of human capital. With the help of smart contracts agreements can be made within companies based on the core qualities of staff. They receive a work guarantee based on commitment (of the qualities belonging to that person) instead of a defined job description. They are still being rewarded for the hours and efforts, but they can be used in a multidisciplinary way. After all, what ultimately matters is that skills / knowledge can be taught but talent / qualities are personal. By mapping out and using these qualities, staff members can be deployed 100% of the time and do work that makes them happy.
Reputation as social currency
Because of the low threshold of the internet and the rise of social media, companies are more often faced with ethical issues. What distinguishes companies from the rest (USPs) and to what extent strategy and philosophy are distinctive. Companies are being addressed earlier on social issues and companies are expected to take a position on this. This automatically creates opportunities and challenges. Reputation can be seen as a social currency with which ambassadors can be bound to a brand. By giving reviews and recommendations on various websites they link them to these companies and conform to the values of this company.
In BlockChange, this can be done in the entire organization with which a Blockrank can be created. This stems from the principle of Google's Pagerank that rewards companies for conforming to Google's guidelines. At Blockrank, for example, companies can be rewarded for the quality / diversity / quantity of projects that companies use to contribute to a better world / happiness among employees. The Blockrank can also be transferred to the staff regarding the rank they have based on their quality / diversity / involvement with a particular company. The big advantage of this is the fact that this is universal and can therefore be taken to other companies as added value in an application. Through smart contracts, all of this can easily be captured in the digital portfolio of employees.
Automatically included trust
For a long time it was the case that intermediaries such as banks and real estate agents guaranteed a certain value. She validated the agreed value in transactions by giving them trust in the deal they made. Due to the emergence of blockchain, this trust is automatically included in every transaction. This has to do with the previously discussed aspects of blockchain such as reputation and smart contracts. Since in smart contracts not only transactions are recorded but also the "advisors" are described in it they attach their reputation to it. Individuals can be held responsible for the agreements made, both individually and in a company context. Since in the future reputation (as already on social media) will play a major role, this is automatically taken seriously.
In addition, trust is automatically guaranteed because of the technological nature of blockchain. Since blockchain is decentralized, the blockchain is not only in one location, but many copies are online. This ensures that the blockchain cannot be falsified because then all copies have to be adjusted. Because of the open character and the ability to update the blockchain at all times, the blockchain is reliable and relevant.
The new purchase
"With his crypto-startup, Dirk Scheringa gets $ 10.2 million in the first weekend" A year ago it would have been unimaginable that these amounts of money could be earned from virtual coins. This is one of the biggest changes in the area of "buying". However, a number of interesting changes have taken place in the field of buying and value in recent years. For example, Uber is the largest taxi company but has no taxis and AirBnB is the largest apartment rental site in the world but has no real estate. Instead of selling products, they trade knowledge and data. The service economy has undergone a gigantic growth and the sale of products has gone towards access to products. A Dutch example of this is the lending platform Peerby. The mindset of BlockChange is in line with this because of the breaking up of the "most valuable asset" principle. Where access to food was essential during the hunter / gatherer's era, access to machines became essential from the industrial revolution. Now through blockchain technology, access to data is essential and represents the real value of a company. This involves all data of a company in every form. This provides a greater range of data than ever before. This should include: customer data, environmental data, personnel data, website data and industry data.
Unprecedented sequences and connections
Whereas in today's society there was always thought in linear relationships and standard processes, a time of renewal has now arrived. From the moment Frederick Taylor invented scientific management, processes were standardized and automated in business processes. This was done because optimal results were obtained in this way to produce a maximum number of pieces per hour. However, society has now arrived at a turning point where there is a need for new orders. An example is the AI robot from Google called DeepMind who surprised the world by winning the game Go from the current world champion. Except that he had access to every move that had ever been made, the robot thought different and played in sequences that had never been done before. Sometimes he played from the end result backwards and at other times the moves seemed totally random. However, it turned out during the game that all moves would not only lead to a victory, they were also super-efficient and useful for the big picture. Within BlockChange, current orders no longer exist. Because of the automatically included trust and doing transactions on the basis of reputation, payment can even take place in advance as a kind of investment. In addition, daring to think different also creates opportunities based on specialty. Where previously project teams had to be assembled and agreements had to be made, these compositions can be released within the BlockChange way of thinking. People can add value from their specialty within the big picture and let go of the rest. In fact, they do not even have to look at the big picture and have no knowledge about it. This all adds up to the 100% availability based on core qualities and the happy working principle.
3. Conclusion
Together these principles ensure that everything that was previously seen as impossible suddenly becomes possible. Innovation becomes a necessary core value in every company and the embedding of BlockChange is essential. By integrating BlockChange in all business processes, companies become more flexible and are able to respond better to future changes. Furthermore, the human capital is optimally utilized and long-term sustainability is guaranteed. Ultimately, the way of thinking ensures an automatic risk management where all layers of the company are involved.
Every company and professional will benefit from seeing BlockChange as the way of thinking of the future. BlockChange is the reason that for the first time in the history of mankind the following question can be justified:
If anything is possible, what would you do differently tomorrow?