It’s hanging above us on a daily basis. The boundaries of its powers are still being tested. And, chances are, it’s going to (or already has begun to) change your business’ actions and strategies forever.
When most people hear the word ‘startup’ their minds instantly wander to a mental image of a business started by young adults, sitting around on beanbag chairs, wearing branded t-shirts and hooded sweatshirts, down to their last cent of funding and underdeveloped as an organization.
Have you ever wondered how Netflix knows exactly what kind of TV series you want to watch, or how Facebook recommends all the right people to send friend requests to, or how Google Doc’s search bar randomly pops up with the document you were going to search; before you even typed anything?
Since the beginning of their existence, spreadsheets and the capabilities of programs such as Excel have been present in just about every business oriented organization on the face of the Earth.
In an article from 2010, it was found that approx. 81% of businesses use Excel spreadsheets (Forrester Research).
Blockchain Technology has dynamic capabilities, many of which are still yet to be discovered. But that doesn’t mean tech guru’s, and large corporations, aren’t investing big money into figuring out how they can utilize the blockchain.
One area of business that is still testing the waters of blockchain technology is supply chain operations and strategies.