The “new normal” is unsettling chief executives and business executives everywhere. A post-lockdown global survey by the Gallup Group shows that only 21% of employees are engaged in their jobs. By contrast, start-ups are promising purpose and flexibility — and with funding boosted by Covid-era stimulus packages, they are attracting top talent away from traditional businesses.
Inflation, resulting from high energy prices, cheap cash and low productivity, reduces companies’ profits and increases the cost of capital. Even technology is turning into a terrible foe, producing nimble and innovative new vessels, able to outrun and outmaneuver yesterday’s finest.
Further out on the horizon are blockchain applications — the submarines prowling for legacy vessels steered by chief executives asleep at the wheel. The battle lines have been drawn in no uncertain terms, and many experienced executives are feeling insecure, worrying whether their traditional values of consistent hard work and integrity in leadership will be able to stand against these new and unfamiliar threats.
But when the going gets tough…
We can begin the story of blockchain with the pivotal technology breakthrough of World War II. Alan Turing believed that he could break Enigma — the cypher machine encoding communication for the German fleet — through more computing power and smarter programming. Through his unwavering focus, coupled with the actions of brave servicemen, the U-boat threat was undone and the Allies won the Battle of the Atlantic.
Continue reading: https://mg.co.za/opinion/2022-10-03-blockchain-and-the-battle-for-the-future-of-business/
Inflation, resulting from high energy prices, cheap cash and low productivity, reduces companies’ profits and increases the cost of capital. Even technology is turning into a terrible foe, producing nimble and innovative new vessels, able to outrun and outmaneuver yesterday’s finest.
Further out on the horizon are blockchain applications — the submarines prowling for legacy vessels steered by chief executives asleep at the wheel. The battle lines have been drawn in no uncertain terms, and many experienced executives are feeling insecure, worrying whether their traditional values of consistent hard work and integrity in leadership will be able to stand against these new and unfamiliar threats.
But when the going gets tough…
We can begin the story of blockchain with the pivotal technology breakthrough of World War II. Alan Turing believed that he could break Enigma — the cypher machine encoding communication for the German fleet — through more computing power and smarter programming. Through his unwavering focus, coupled with the actions of brave servicemen, the U-boat threat was undone and the Allies won the Battle of the Atlantic.
Continue reading: https://mg.co.za/opinion/2022-10-03-blockchain-and-the-battle-for-the-future-of-business/
