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How design thinking and blockchain can uncover all the unknowns

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You’ve no doubt heard a lot of hype about blockchain in the past year or so, particularly in the context of the cryptocurrency, Bitcoin, which it was originally invented for. What I am interested to see is how it can become a reality for organisations in New Zealand, that are genuinely interested to see how it could work to their advantage?

By enabling digital information to be distributed but not copied, blockchain technology is like the internet in that it has a built-in robustness. The tech community is now finding other potential uses for the technology and I am fascinated to see how New Zealand organisations will use it to use digital information in a transparent and incorruptible way.

I want to be completely transparent here; blockchain is not going to be the one piece of technology that will be the panacea to solve every problem and challenge that exists today. What it can enable us to do is to take advantage of new technology as it becomes available and it has the potential to disrupt countless industries and create new experiences for customers.

Many industries are already using blockchain, primarily the financial services sector, mostly driven by the fintech firms and the big banks. In fact, it has helped to increase the security of the global payments system, as it guarantees the validity of a transaction by not only recording it on a main register, but on a connected distributed system of registers, all of which are linked through a secure validation mechanism. It is already in use in governments, supply chains, asset management and cybersecurity, but it still has a long way to go to become a commercial reality for many enterprise organisations.

What’s different?





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