Brianna White

Staff member
Jul 30, 2019
Blockchain technology provides a decentralized, secure way to store and manage data, enabling new levels of transparency and collaboration that transform strategies and operations. With blockchain technology, organizations can create a shared, tamper-proof database to track transactions, assets, and interactions among parties. This provides a single source of truth that everyone can trust, eliminating the need for costly intermediaries and manual reconciliation. But leaders must take a strategic approach to ensure that their organizations can reap the full benefits of this transformational technology.
How we think about leadership is changing, and blockchain technology plays a significant role. In the past, leaders have been in charge of centralized organizations with top-down decision-making. But as we move into the digital age, decentralized systems are becoming more popular.
President Recep Tayyip Erdoğan recently stated at his government’s blockchain summit, “It is clear that we cannot ignore this potential while we are preparing for the Century of Turkey. We want to be the country that uses this tool.” Erdoğan’s remarks underscore that leadership is changing, and countries must evolve with the times or risk being left behind. As such, leaders must adapt because there are four ways in which blockchains will impact their roles in the years to come:
1. Increased transparency will lead to more accountable leaders
According to a recent IBM study, senior executives believe blockchain technology will significantly increase managerial transparency, making it easier for leaders to be held accountable for their actions. “Blockchain enables all transactions will be stored on a public ledger that anyone can view,” agreed Serge Baloyan, CEO and founder of x10 agency—a Web3 firm—in an email. He believes the aforementioned transparency will level the playing field between employers and employees. “In the past, information asymmetry has typically favored the employer,” said Baloyan. “But with a blockchain, employees can track their progress and performance, therefore garnering a better understanding of opportunities for advancement within their company.”
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