Blockchain, blockchain I first heard this term back in 2014 related to bitcoin. Then again in 2016 with some legal firms looking to it in Europe as a future for transactional data. Then when I saw the IBM Watson announcement with blockchain, I was like hmmm need to learn more.
So, I went and got Richard Hayen’s book and read it. Then reread whole sections of it.
Then put it down and picked it up again and realized – nope it is not me the book is not written well. Sorry Mr. Hayen, if your Fintech book is as poor explaining a topic I will pass. Consider a couple of analogies and you know graphics.
Blockchain does have a future, it is a new way to store and validate transactional data, but most importantly share that data with customers and partners. The most understandable chapter is 6 – Arguments against Blockchain… That ‘opening a window for cybercriminals’ definitely a concern, but still understand where blockchain could be revolutionary change in business models that require partnerships across commodities, borders and languages.
I have this infographic more helpful – just sayin…
Intel CEO Brian Krzanich did an interview which is worth either a full read or listen on the podcast. The part that grabbed me is Krzanich’s take on who you should fire and why.
‘I’ve had to terminate or fire more people for being difficult to work with than being dumb.’
The story resonates as he was almost fired early in his career for what I could see as a dumb mistake. We all have made those and some where not lucky enough to have a boss like Krzanich who understands the difference between making a mistake trying to improve the business somehow and just screwing up.
‘I think if you don’t give people the tools and the expectations for success, and yet hold them to some value, then you’re difficult to work with.’
In my career I have had bosses give me what seemed like crazy tasks and/or timetables, but they let me pick who I could work with and how to get it done which kept me motivated and more often than not I was successful. Partly because I had a good amount of control, but mostly because I had a boss who believed more in me and the team then I did holding us to their expectation.
Look for these type of bosses (more leader than manager) and to become that type of boss.