I’ve spent the holiday time off doing a deep-dive into the disruptive technology of Bitcoin and the underlying techonlogy.
From what I can see, Bitcoin is quickly becoming a profoundly disruptive technology. Actually, it’s not really specifically Bitcoin itself. Digital currencies, and even cryptocurrencies, have been around for a number of years. The real interesting technology is in the Blockchain platform that is the core of Bitcoin. A trusted, decentralized, system of checks and balances (i.e., a trusted ledger of activity) has the potential of reorganizing our social and governing structures in unprecedented ways.
The disease of traditional opaque and hierarchical structures has reached a breaking point. Too many so-called leaders are spewing tired academic papers and regurgitating old-school slogans and memes from like-minded leaders in the stagnant academy. For these withered minds, innovation is merely some new fork of an existing traditional approach. They continue to compete with each other, with false smiles, for recognition in a dying and increasingly competitive environment. They continue to attempt to micro-manage with hidden agendas, from fear and insecurity. They continue to destroy any creativity and innovation.
Nothing produces a wretched tyrant like a disconnected, insecure, and socially awkward leader.
The good news is that Bitcoin demonstrates the best of the disruptive technologies. For example, it has huge potential to become a game-changing way for 3rd world citizens to participate and benefit in a world-wide P2P banking system. It also has the potential for becoming a secured platform for voting. This has profound implications for the democratization of world systems.
This same concept has the very immediate potential to disrupt existing diseased organizations by removing ineffective leaders and giving back some power to innovative, creative teams who do the real work in agile organizations.
These are large and deeply important concepts for our world in the next few years. I urge you to look closely!