• 7 Companies Protecting Your Food with Blockchain

    Food is important and you are what you eat. Eating healthy and good food is important if you wish to be fit and healthy. Even if you have an unhealthy diet, the occasional big mac, you want your food to be of good quality. Meaning you want your food to be well-treated throughout the supply chain and without any unhealthy bacteria. Fortunately, there are a lot of regulations to ensure the safety of your food and drinks. Manufacturers have to comply with these regulations. However, despite all regulations, sometimes it goes wrong. For example, in 2008-2009, nine people died due to Salmonella [...]

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    Libra is Here: What Does a Facebook Cryptocurrency Mean for the World?

    After months of speculation, Facebook has revealed its Libra blockchain and the Libra coin to the world. The highly-anticipated cryptocurrency ran into immediate opposition in Europe and the United States. The French Finance Minister Bruno Le Maire said it was “out of question” that Libra would “become a sovereign currency”. Meanwhile, Markus Ferber, a German member of the European Parliament, said that Libra has the potential to become a “shadow bank” and that regulators should be on high alert. In addition, both Democrats and Republicans raised their concerns with Representative [...]

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    Blockchain and Trust: The Advantages of a Decentralised System

    Blockchain has the potential to revolutionise the way we leverage trust and even the way we think about trust. It is a fundamental good. While largely intangible, it is key to the functioning of practically every meaningful interaction in society. We tend to think of trust concerning businesses, banking, relationships and finance since the necessity of trust in these areas is clear and undeniable. But it goes a lot further. In fact, without trust, no transaction can go forward. The very idea of even the simplest negotiations becomes implausible without it. Unfortunately, according to the [...]

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    Why the Government of Tomorrow is Also a Data Organisation

    Nowadays, every organisation is a data organisation. This not only applies to commercial organisations, but also to governments. Governments at every level – local, regional, national and supranational – should take a different approach to organise their activities. However, becoming a data organisation is not an easy feat. It requires governments to rethink all their processes and all citizen touchpoints. Even though governments do not have such fierce competition as organisations do, they too have to adopt technologies such as predictive analytics, blockchain and AI to improve their [...]

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    Five Blockchain Trends for You to Consider this Year

    The blockchain ecosystem is rapidly expanding. New blockchains or different consensus mechanisms are announced continuously, resulting in a more mature ecosystem. For blockchain technology to achieve wide-scale adoption, a decentralised ecosystem has to be developed. To achieve a decentralised society, many more components need to be built, requiring global standards and large investments. I estimate that it will take another 3–5 years before the ecosystem is ready for full-scale, enterprise adoption. Apart from the different industry layers that need to be developed, we will also [...]

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    Could Blockchain Prevent the Internet of Vulnerable Things?

    The Internet of Things is coming. Unfortunately, connected devices have a variety of vulnerabilities and almost any smart device is a vulnerable device. Security issues include technical problems (outdated software, insecure data transmissions, etc.) and people problems (simple and default passwords, public Wi-Fi, etc.). As more devices connect to the internet and each other without proper security, the Internet of Things will quickly become the Internet of Vulnerable Things. With the Internet of Things being around the corner now, it is time to start securing connected devices. Especially,[...]

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    Blockchain Requires Industry Collaboration: The Launch of INATBA

    When the web was developed over 25 years ago, the technologies in place significantly lowered the cost of building a global company. Thanks to the internet, it has become possible to reach a large part of the global population simply from behind your computer. Those companies who first understood the power of the web, and managed to execute their vision correctly, are now the leading global monopolies we are so familiar with: we use Google for finding information, Facebook or WeChat for social activities, Amazon to shop and Apple for our hardware, etc. But times are changing since Satoshi [...]

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    How Blockchain Will Change Organisation Design

    Organisations adopting blockchain technologies can be viewed as Human-Machine Networks (HMNs), where combinations of humans and machines interact with each other. The more an organisation moves towards a ‘Decentralised Autonomous Organisation’ (DAO) design, the more efficient and autonomous it will become. Ultimately, organisations can operate completely independently using a distributed ledger technology, a combination of smart contracts, connected devices, analytics and of course data. Within such futuristic organisation, interactions between stakeholders will be guided purely by [...]

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    How Security Tokens Could Change Liquidity and Transform the World’s Economy

    Traditionally, assets such as real estate, collectables and art have been relatively illiquid. This means that the asset cannot be easily bought or sold in the market. If an investor wants to sell a $100 million building, it usually will take some time before the investor has the money, if there is a market for in the first place. On the other hand, a company’s stock is relatively liquid as it can be quite easily converted into cash. Cash is considered the standard for liquidity as it can be converted into another asset at any moment. Liquidity ratios are a measurement for how fast assets[...]

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    Why Ricardian contracts, not Smart Contracts, are Blockchain’s Killer Application

    Smart contracts have been dubbed the killer application of distributed ledger technology. Within every industry, smart contracts will provide significant efficiency benefits. They will reduce transaction times between stakeholders from weeks to minutes or seconds. Especially within global supply chains, smart contracts will kickstart data-enabled collaboration. They can offer trust, provenance and security while enabling instant transactions. Smart contracts may seem revolutionary, but they are nothing new. In fact, they have been around for a long time. Smart contracts are already in place[...]

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