Home / Coin Payment / Companies need to look for a middle ground

Companies need to look for a middle ground

<div _ngcontent-c14 = "" innerhtml = "

Getty

In today's world, when a company claims to use blockchain in its operations, the mind goes to one of two places: this is a blockchain business that wants the whole process to work on nascent technology, or it is a business that has some blockchain elements, more like a gimmick of an attempt to innovate.

Right now there is a problem facing the blockchain in general. & Nbsp; It & nbsp; it is this battle between the adoption of the blockchain and the blockchain integration, which has a "chicken and egg" look. Companies are not adopting blockchains because they are not sure how to integrate them effectively? Or, they are struggling to incorporate it because adoption (and therefore understanding) is not at the height.

Companies involved on both sides of this polarized blockchain will not encourage themselves or technology. There must be a middle ground for blockchain integration, which of course connects to current business applications and processes. & Nbsp; The finding of a middle ground between extreme and moderate blockchain integration in business is similar to the change in mentality that has happened with cryptocurrencies recently.

From the "Cypherpunk" days and Dark Web of Bitcoin, cryptocurrencies and their communities have understood that "if they can not defeat them, they need to join them" – as far as regulators are concerned. The idea of ​​cryptocurrency that replaces the fiat has almost disappeared, while people are seeking legal clarity on how to adapt to regulatory and legal frameworks.

For blockchain and its integration in companies, there must also be a similar change in mentality. Where the technology currently & nbsp; it does not lend itself to completely revolutionizing normal business technology, just like the first dot com boom. Instead, companies should try to integrate the blockchain & nbsp; with the current company technology.

At the same time, the execution of a blockchain & nbsp; together with the company processes, exclusively for window dressing, it will not contribute to the growth of the company, or technology, in the long term.

Adoption blockchain vs integration

Like many revolutionary technologies that have come to the fore in the last decade or so, blockchain – on paper – has so much potential and promise. But when it comes to integrating it and using it, many problems suddenly become clear, because the technology is still very new and requires many more "tests" globally.

Blockchain as a technology is still very rough, it is trying to solve innate problems, such as scaling, and although its theoretical potential is almost infinite, the practical limitation of application is holding it back.

Return to the original battle of adoption vs integration; seem to be connected in & nbsp; an example of chicken and eggs, but there is something else. Anthony Estebe CEO, co-founder of MESG a platform that is trying to find a bit for blockchain technology and existing business technologies to interact and operate in conjunction, & nbsp; explains

"The problems of integration and adoption are not directly connected, but they share a common problem", explains Estebe "The adoption of Blockchain is difficult because for now the user experience is still terrible, but if there are more ways to link blockchain to the existing world that greatly helps the user experience. "

"For the blockchain integration part, the access barrier is huge, the new concepts to understand, the new technologies to be addressed and this makes it something risky to integrate, even here if there are more ways to link these blockchains this part would be less risky and therefore more adopted ".

"Also, an important part is that there is still a lot of education to do around blockchain and when it makes sense to use blockchain and what kind of blockchain I think people in general are more cautious about integrating blockchain because they fear that this is a huge job and also because they think they have no choice and must go 100% in blockchain and decentralized application if they want to integrate blockchain ".

Going from zero to one hundred

How Estebe & nbsp; begins to explain, when companies listen to blockchain integration, they believe they have to go to bloc, decentralize and lose all their current business technologies. In all honesty, this is not the right thing to do, except for companies that are starting out as blockchain companies, such as ICO, dApps, etc.

But there were also those companies that saw the potential of cryptocurrencies and, because of the desire to tap into the idea of ​​decentralized digital resources, and the clamor that ensued, many tried to integrate Bitcoin payments or something. like that.

This style of blockchain integration brings its problems. Although cryptocurrencies are probably the best current use for blockchains, they also present problems of scaling and speed and transaction costs.

"I see two different extremes", adds Estebe "The companies that base their entire business on blockchain with dApps and this leads to some products that are more or less decentralized but that can not be competitive with other products on the market, this also brings really a great complexity to maintain and evolve the business. "

"On the other hand, some companies simply use the blockchain to accept payment that is a decent use of technology, but in that case, they are limited in terms of features and do not use the power of decentralization for something else. ".

"There is a middle ground where you can use the specific characteristics of blockchain and decentralization, payment, but also the tokenisation of resources, the anchoring of data, the storage, the tests without having to put the entire application on the blockchain and I think it's here that the blockchain will be widely used when companies integrate the blockchain.

There is still a long way to go

It must be remembered that blockchain technology has just passed its first decade of life and has come forward only with regard to mainstream application in the last three or four years. There is a long way to go as regards its integration between companies and companies.

Everyone is aware of its theoretical potential, but much of this theory can only be recognized in the years and decades to come. In the meantime, there are ways in which technology can start to take hold in businesses like corporate technology, but this integration must be quite sedated.

As explained above, going to "complete blockchain" is a recipe for disaster at the moment. The integration of surface technology will not help the company grow together with technology.

"I think there is the awareness that everything related to the blockchain is not possible in the next decades," said Estebe. "We should recreate all the tools and products that companies use today, but this will take time, and to do that we must also have a way to connect them."

"The solution for making both of these worlds work makes the blockchain much more accessible and therefore more interesting for blockchain and decentralized technologies.When down the line, when we have a way to make current systems work with blockchain, we will also have a way to make these work blockchain one with the other and also with other decentralized technologies. "

"Blockchain is a technology for decentralization but not the only one, and even these other technologies have to work with blockchains and real systems.When all these technologies can work together, by design, applications and centralized companies will disappear, or only some parts of these activities will remain centralized, it will be easier, safer and more scalable to have something decentralized ".

Decentralization is the goal

There's a lot more at stake here, as Estebe alludes. Blockchain, while still very nascent, has also shown the world that there is the possibility of making things much more decentralized. Decentralization is a growing trend in modern society with social media, crowdfunding and other group collectives demonstrating that being dictated by a centralized point is no longer the accepted way of doing things.

Blockchain offers a tool for decentralization, but to achieve that ideology all over the world, there must be a solidification of technology and even the integration of it, before the global mentality can change; this is still very far, but the wheels are moving.

">

In today's world, when a company claims to use blockchain in its operations, the mind goes to one of two places: this is a blockchain business that wants the whole process to work on nascent technology, or it is a business that has some blockchain elements, more like a gimmick of an attempt to innovate.

There is a problem facing the blockchain in general at this time. It is this battle between the adoption of blockchain and the blockchain integration, which has a mush and egg aspect. Companies are not adopting blockchains because they are not sure how to integrate them effectively? Or, they are struggling to incorporate it because adoption (and therefore understanding) is not at the height.

Companies involved on both sides of this polarized blockchain incorporation will benefit neither themselves nor technology. There must be a middle ground for blockchain integration, which naturally connects to current business applications and processes. The discovery of a middle way, between the extreme and bland integration of blockchain in business, is similar to the change in mentality that has recently happened with cryptocurrencies.

From the "Cypherpunk" days and Dark Web of Bitcoin, cryptocurrencies and their communities have understood that "if they can not defeat them, they need to join them" – as far as regulators are concerned. The idea of ​​cryptocurrency that replaces the fiat has almost disappeared, while people are seeking legal clarity on how to adapt to regulatory and legal frameworks.

For blockchain and its integration in companies, there must also be a similar change in mentality. Where current technology is not likely to completely revolutionize normal business technology, just like the dot com boom. Instead, companies should try to integrate the blockchain with current business technologies.

At the same time, managing a blockchain together with business processes, exclusively for window dressing, will not help to grow the company, or technology, in the long run.

Adoption blockchain vs integration

Like many revolutionary technologies that have come to the fore in the last decade or so, blockchain – on paper – has so much potential and promise. But when it comes to integrating it and using it, many problems suddenly become clear because the technology is still very new and requires many more "tests" globally.

Blockchain as a technology is still very rough, it is trying to solve innate problems, such as scaling, and although its theoretical potential is almost infinite, the practical limitation of application is holding it back.

Return to the original battle of adoption vs integration; they seem to be connected in an example of hen and egg, but there is something else. CEO of Anthony Estebe, co-founder of MESG, a platform that is trying to find a bit for blockchain technology and existing business technologies to interact and operate together, explains

"The problems of integration and adoption are not directly connected, but they share a common problem", explains Estebe "The adoption of blockchain is difficult because for now the user's experience is still terrible, but if there are more ways to link blockchains to the existing world that will help a lot of user experience. "

"For the blockchain integration part, the access barrier is huge, the new concepts to understand, the new technologies to be addressed and this makes it something risky to integrate, even here if there are more ways to link these blockchains this part would be less risky and therefore more adopted ".

"Also, an important part is that there is still a lot of education to do around blockchain and when it makes sense to use blockchain and what kind of blockchain I think people in general are more cautious about integrating blockchain because they fear that this is a huge job and also because they think they have no choice and must go 100% in blockchain and decentralized application if they want to integrate blockchain ".

Going from zero to one hundred

As Estebe begins to explain, when companies listen to blockchain integration, they believe they have to go on the block, decentralize and throw all their current business technologies. In all honesty, this is not the right thing to do, except for companies that are starting out as blockchain companies, such as ICO, dApps, etc.

But there were also those companies that saw the potential of cryptocurrencies and, because of the desire to tap into the idea of ​​decentralized digital resources, and the clamor that ensued, many tried to integrate Bitcoin payments or something. like that.

This style of blockchain integration brings its problems. Although cryptocurrencies are probably the best current use for blockchains, they also present problems of scaling and speed and transaction costs.

"I see two different extremes", adds Estebe "The companies that base their entire business on blockchain with dApps and this leads to some products that are more or less decentralized but that can not be competitive with other products on the market, this also brings really a great complexity to maintain and evolve the business. "

"On the other hand, some companies simply use the blockchain to accept payment that is a decent use of technology, but in that case, they are limited in terms of features and do not use the power of decentralization for something else. ".

"There is a middle ground where you can use the specific characteristics of blockchain and decentralization, payment, but also the tokenisation of resources, the anchoring of data, the storage, the tests without having to put the entire application on the blockchain and I think it's here that the blockchain will be widely used when companies integrate the blockchain.

There is still a long way to go

It must be remembered that blockchain technology has just passed its first decade of life and has come forward only with regard to mainstream application in the last three or four years. There is a long way to go as regards its integration between companies and companies.

Everyone is aware of its theoretical potential, but much of this theory can only be recognized in the years and decades to come. In the meantime, there are ways in which technology can start to take hold in businesses like corporate technology, but this integration must be quite sedated.

As explained above, going to "complete blockchain" is a recipe for disaster at the moment. The integration of surface technology will not help the company grow together with technology.

"I think there is the awareness that everything related to the blockchain is not possible in the next decades," said Estebe. "We should recreate all the tools and products that companies use today, but this will take time, and to do that we must also have a way to connect them."

"The solution for making both of these worlds work makes the blockchain much more accessible and therefore more interesting for blockchain and decentralized technologies.When down the line, when we have a way to make current systems work with blockchain, we will also have a way to make these work blockchain one with the other and also with other decentralized technologies. "

"Blockchain is a technology for decentralization but not the only one, and even these other technologies have to work with blockchains and real systems.When all these technologies can work together, by design, applications and centralized companies will disappear, or only some parts of these activities will remain centralized, it will be easier, safer and more scalable to have something decentralized ".

Decentralization is the goal

There's a lot more at stake here, as Estebe alludes. Blockchain, while still very nascent, has also shown the world that there is the possibility of making things much more decentralized. Decentralization is a growing trend in modern society with social media, crowdfunding and other group collectives demonstrating that being dictated by a centralized point is no longer the accepted way of doing things.

Blockchain offers a tool for decentralization, but to achieve that ideology all over the world, there must be a solidification of technology and even the integration of it, before the global mentality can change; this is still very far, but the wheels are moving.

Source link