Exposing the myth of Blockchain: Why the hype is holding you back
In its report Blockchain Beyond the Hype, the World Economic Forum offered some grounding advice: “For any organization, blockchain technology should not be a goal in itself, but a tool deployed to achieve specific purposes.” The overarching purpose of any supply-chain company boils down to delivering the best possible service at the lowest possible cost. Fully realizing that ideal in today’s market requires two resources: multi-enterprise business networks and digitization. What’s fueling blockchain mania isn’t a solid business plan backed by glowing use cases, but a near-mythic notion that the technology will solve all manner of supply chain challenges. Unfortunately, blockchain currently remains at odds with both multi-enterprise business network functionality and the process of digitizing physical goods. Let’s take a look at how.