When we do business with each other we have to trust each other. In order to do that we want to reduce uncertainty. In order to do that we innovate institutions like contracts, banks, governments and companies. These institutions create high transaction costs. It is also possible to ‘program’ uncertainty reduction or trust in a protocol. That is what blockchain is about in my opinion. You can see ‘the blockchain’ as an extra trust layer on ‘the internet’. Internet makes it possible to share information without almost any friction. With blockchain we can do business without having to trust each other. We can do transactions (profile, search, select, contract, purchase order, invoice, paying etc.) without almost any friction ant therefore costs.
The early internet gave us a realistic vision of a decentralized democratic world, that enables information exchange without the interference of institutions. But now we all know that this didn’t happen. In contrary: corporations, financial markets and governments became more powerful than ever. Let’s not make this ‘mistake’ again with the blockchain. That’s why I focus more on Blockchain For Communities (B4C) and less on Blockchain For Business (B4B).
I see Blockchain Organizing as a combination of new technologies and new organization model, that enables us to organize transactions between supply and demand almost without any transaction costs. And that is the basis for a successful organization form that will survive the next decades.
“Blockchain refuses to be what it is. It is not a way of thinking or something that thinks for you. It is something that makes you think…”