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Showing posts from May, 2020

On growth of digital ledger and blockchain technology (spring 2020)

Digital Ledger Technology (DLT) and blockchain technology has very much suffered a slower growth over the last year and a half. Here are a few reasons: Integration of DLT is expensive because the integration needs to be deep to be robust to failure. Given the depth of integration, the DLT owns much of the future, not the companies that integrate the DLT. This happens also with cloud and AI migrations, yet with blockchain this dependency is much more absolute. To alleviate this, DLT users may become partners in the DLT system, yet with additional risks and costs. Cryptocurrencies are killing the growth of broader DLT technology. In effect the equivalent of >200 billion $ of cryptocurrencies are digging their feet in the ground (1.7 trillion $ in March 2022), and all saying "not without me", with almost an infinite marketing budget to fight other forms of tokens that would cut them out, such as tokens of trustful processes. The cycle of innovation in blockchain is extremely ...

Search and Vision for Systematic Innovation

How to be productive in innovation? The simple answer is "work hard", "be systematic", "believe in a larger vision". Best to illustrate this: I am writing a python program to do something new. I know that to be innovative I need to be "one level above" what was previously done. So I include a construction which I know enables this "newness". The problem is that this construction does not fit with "the normal code".  I notice this only after my first attempt to put things together, when on the way to a design, I cannot find a way to bring back in the requirements I have dropped. Let's call this first attempt design A .  When you fail, you try again. I pivot my design, now to focus on B . Same result, design fails to bring in all requirements. I try again, now focusing on C . Same result, the design does not fit. A this point I start worrying. I step back. I explain to my daughter: "tricky, but I have got it! Wh...