Blockchain: Endless Application Beyond Procurement and Finance

The buzz: “Much of the hype around blockchains has focused on their potential to fundamentally change the financial services industry…our two-year research project…provides strong evidence that the blockchain could transform business, government, and society in perhaps even more profound ways” (D. Tapscott, A. Tapscott). Blockchain, creating trust among multiple business processes and parties, is becoming a cross-industry necessity in finance, food safety, government, gems and pharmaceuticals. The experts speak. Dan Rao, Toyota: “Excuse me, I believe you have my stapler?” (Milton, Office Space). Raimund Gross, SAP: “Nobody is going to hit as hard as life, but it ain’t how hard you can hit. It’s how hard you can get hit and keep moving forward. That’s how winning is done” (Rocky Balboa).