Large organizations vary in the way they deal with technology; some organizations are the visionaries and source of technologies (Innovators). Some others thrive to lead the market (Early adopters). Some other companies play it safer and wait to see the interactions and initial results of adoption then they react (Early majority/early followers). Then come at last the late followers (Laggards). Usually, organizations vary in their adoption speed and reaction to new technologies depending on the organization strategy and the technology itself. Some organizations are early adopters for a certain technology and a late follower in the adoption of another technology.
Regardless of the adoption stage, organizations have to get started and be prepared to move ahead with the adoption of Blockchain technology whenever they realize the need for such shift.
We have to understand more about the technology itself. Below is my understanding of how the Blockchain technology can revolutionize the way big organizations are managed:
Blockchain technology is one of the hottest emerging technologies in the field of information technology. The main idea of the technology is to have a unified recording book (not a physical location) for all information; one ledger. Instead of having multiple databases, multiple spreadsheets, multiple systems that contain the organization data, Blockchain technology combine all information into one structure; a chain of blocks. Each block has certain information saved into it. Each block is built in sequence with the actual flow of information in timely manner.
This chain of blocks, when it is built, will eventually show how the organization is currently running its business in a live, instant and most importantly in a sequence way! Troubleshooting a problem in one project would never be as hard as it used to be! You do not need to reinvent, search and build the Cause and Effect diagram! You already have all your information saved in a one place; it is your Blockchain. The idea of the Blockchain structure is bringing more robust visibility into your operations in a way you never imagined.
Problems prevention and AI:
Usually a problem happens after a set of improper decisions, actions, transactions, etc… Imagine when all your records of data are stored in a one Blockchain where you can recognize the occurring pattern of any problem. The system can immediately detect the possibility for a problem to occur and consequently alarms and allows you to do the necessary prevention measures that would not allow such problem to materialize. Basically this is how Blockchain technology is believed it will enable to enhance the artificial intelligence of robots, systems, computers, etc.. by allowing the system to learn by itself and react accordingly!
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