Blockchain, Leadership And Management: Business AS Usual Or Radical Disruption?

The Internet provided the world with interconnection. However, it did not provide it with trust. Trust is lacking everywhere in our society and is the reason for the existence of powerful intermediaries aggregating power. Trust is what prevents the digital world to take over. This has consequences for organisations: they are inefficient because time, energy, money and passion are wasted on verifying everything happens as decided. Managers play the role of intermediaries in such case: they connect experts with each others and instruct them of what to do. As a result, in our expert society, people's engagement is low because no one is there to inspire and empower them. In other words, our society faces an unprecedented lack of leadership. Provided all those shortcomings, the study imagines the potential repercussions, especially in the context of management, of implementing a blockchain infrastructure in any type of organisation. Indeed, the blockchain technology seems to be able to remedy to those issues, for this distributed and immutable ledger provides security, decentralisation and transparency. In the context of a blockchain economy, the findings show that value creation will be rearranged, with experts directly collaborating with each others, and hierarchy being eliminated. This could, in turn, render managers obsolete, as a blockchain infrastructure will automate most of the tasks. As a result, only a strong, action-oriented, leadership would maintain the organisation together. This leadership-in-action would consist in igniting people to take action; coach members of the organisations so that their contribution makes sense in the greater context of life

Blockchain Technology: An Analysis of Potential Applications and Uses

This paper will focus on explaining what blockchain technology is, the fundamentals of how it works, and applications of it. By utilizing sophisticated cryptography, a distributed network, a specified order of events the technology is able to create a ledger that cannot be altered due to its existence on many computers that able to detect if the data has been changed or tampered with. To help illustrate the uses of blockchain technology the technical explanation is complemented with real and hypothetical ways that the technology it being used. The use of blockchain technology originated with financial application and has expanded to many industries as new and creative ideas come to fruition

What is a Blockchain? A Definition to Clarify the Role of the Blockchain in the Internet of Things

The use of the term blockchain is documented for disparate projects, from cryptocurrencies to applications for the Internet of Things (IoT), and many more. The concept of blockchain appears therefore blurred, as it is hard to believe that the same technology can empower applications that have extremely different requirements and exhibit dissimilar performance and security. This position paper elaborates on the theory of distributed systems to advance a clear definition of blockchain that allows us to clarify its role in the IoT. This definition inextricably binds together three elements that, as a whole, provide the blockchain with those unique features that distinguish it from other distributed ledger technologies: immutability, transparency and anonimity. We note however that immutability comes at the expense of remarkable resource consumption, transparency demands no confidentiality and anonymity prevents user identification and registration. This is in stark contrast to the requirements of most IoT applications that are made up of resource constrained devices, whose data need to be kept confidential and users to be clearly known. Building on the proposed definition, we derive new guidelines for selecting the proper distributed ledger technology depending on application requirements and trust models, identifying common pitfalls leading to improper applications of the blockchain. We finally indicate a feasible role of the blockchain for the IoT: myriads of local, IoT transactions can be aggregated off-chain and then be successfully recorded on an external blockchain as a means of public accountability when required