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Money 2020: Dell and Blockchain

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The Money 2020 conference is in full swing this week, and it is difficult to find a technology more hyped at the event than Blockchain. It promises everything from transforming the banking system to being the “Internet v2.0”.

The biggest value of blockchain isn’t in what it is, but in what it enables. One quote that explains this well comes from Mark Buitenhek, the Global Head of Transactions Services @ ING: “Blockchain is not the thing. It’s the thing that enables the thing”. We agree with this perspective. Every encounter with a customer or company across all industries yields the following two key truths:

  1. The industry is looking at blockchain to help them optimize and transform themselves and their business processes so that they can outperform their competition;
  2. Blockchain is only useful if it is considered as part of a larger ecosystem.

Blockchain and distributed ledger technology is transforming the way companies look to address business goals and objectives moving forward. This technology sits at the intersection of a variety of ancillary systems, and it is that ecosystem, when properly constructed, that will allow businesses to achieve their goals or objectives for this technology. As companies look to incorporate blockchain technology into their enterprise class production environments, there are many pieces to consider.

Read the entire article here, Money 2020: Dell and Blockchain

Via the fine folks at Dell

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