Blockchain is coming to the front office

At TrailheaDX

Now that Blockchain is separating from its initial disaster with cryptocurrencies, its future as a front office tool is bright and multiple vendors are announcing their adoption. Salesforce is the most recent.

Blockchain technology is emerging from its disastrous debut as the handmaid of cryptocurrency to offer real business value. Not to pick a fight, but crypto’s big flaw was also supposed to be its selling point. It was not the currency of any nation-state and so it was not subject to vicissitudes of nations and their fiat currencies. Crypto made fiat a bad word but it was also inaccurate since modern currencies, though not backed by precious metal, are backed by the full faith and credit of their nations whose governments have the ability to tax and manage the value of their currencies. This store of value makes them far from the caprice of any national leader.

Crypto lacked a central banking feature that could regulate money supply and do the things that central banks do when a recession hits. Consequently, cryptos have experienced high volatility and thus have come to resemble stocks or junk bonds in a rocky market rather than the store of value that is job-one for any currency.

Regardless, from the still smoldering ashes of crypto arose the distributed ledger system…