WHY IT MATTERS: Digital Transformation
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WHY IT MATTERS: Digital Transformation
Going digital in your business? I select the best posts and highlight the reasons why it matters. Like it? Click "recommend" + register to get the digest in your inbox: http://fmcs.digital/newsletter-signup/
Curated by Farid Mheir
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Discover #Bitcoin, #Ethereum & #Blockchain Guides as well as hundreds of blockchain and #cryptocurrency use case reference cards - 2600+ as of today - an #amazing #reference HT @upfolioteam

Discover #Bitcoin, #Ethereum & #Blockchain Guides as well as hundreds of blockchain and #cryptocurrency use case reference cards - 2600+ as of today - an #amazing #reference HT @upfolioteam | WHY IT MATTERS: Digital Transformation | Scoop.it

Learn about Bitcoin, Ethereum, blockchain and cryptocurrency. Discover topics with easy, hand-illustrated guides. Explore what blockchain technology is about. Get everything you need to know about digital assets!

Farid Mheir's insight:

WHY IT MATTERS: with over 2600 use cases for blockchain in every possible category, this is the best reference I found to show people why the blockchain is a good thing with HUGE potential. Great job by the upfolio team!

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Top 100 #DigitalTransformation Influencers shows focus remains on #Technology #Innovation #Data #Marketing via @stratorob #AI #Robotics #RPA #IoT #BigData #DataScience #DataAnalytics

Top 100 #DigitalTransformation Influencers shows focus remains on #Technology #Innovation #Data #Marketing via @stratorob #AI #Robotics #RPA #IoT #BigData #DataScience #DataAnalytics | WHY IT MATTERS: Digital Transformation | Scoop.it

An overview of influencer that inspire me daily when reading the newest trends on digital transformation. Feel free to add your favorite influencer on this list. I personally have no influence on the ranking - a neutral algorithm calculates who has the most impact online. So all fame and blame belongs to the algorithm.

Farid Mheir's insight:

WHY IT MATTERS: the list provides a great starting point to get a shot of digital transformation leadership. The focus being mostly on technology, you should look elsewhere for impact on society, work, and life that digital transformation brings.

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Podcast on digital disruption by #Accountants gives an idea of how much #AI #Blockchain #Automation #Cybersecurity will impact their industry - as I believe it will all professional services includ...

Podcast on digital disruption by #Accountants gives an idea of how much #AI #Blockchain #Automation #Cybersecurity will impact their industry - as I believe it will all professional services includ... | WHY IT MATTERS: Digital Transformation | Scoop.it

You’re surrounded by disruption and rapid change. Maybe you’re looking for solutions. A way to seize opportunities. We all are. It’s a sprint to stay ahead of technology. Blockchain. Automation. AI. Cybersecurity. It will forever change the way accounting is done. And forever change those who do it. It’s time to reset, redefine and reskill. The way we learn. The way we work. And the way we move forward. Here, you’ll find what you need to not just survive, but adapt and thrive. And disrupt disruption.

Farid Mheir's insight:

WHY IT MATTERS: I've been blogging about digital disruption since Jan 2013, and doing it since the early days of Internet in 1995. It is refreshing to see it being picked up by non technology professionals. Maybe a sign of the times that this thing is starting to really impact people, businesses and whole industries...?

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#Blockchain Disciples Have a New Goal: Running Our Next Election #TrustIssues @medium

#Blockchain Disciples Have a New Goal: Running Our Next Election #TrustIssues @medium | WHY IT MATTERS: Digital Transformation | Scoop.it
If they squinted hard enough, attendees of the International Centre for Parliamentary Studies' annual Electoral Symposium, which took place in late May at the Troia Design Hotel, 90 minutes south of…
Farid Mheir's insight:

WHY IT MATTERS: part of a well researched series of articles, this one looks at the use case of elections using blockchain - and the hope that it will reduce fraud and make the process more transparent.

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Your Online Data Is In Peril. The Blockchain Could Save It. #TrustIssue @medium

Your Online Data Is In Peril. The Blockchain Could Save It. #TrustIssue @medium | WHY IT MATTERS: Digital Transformation | Scoop.it

The word “trust” is printed on things all around you. The dollar bill in your pocket. The box of Kleenex on your bedside table has a label that reads “trusted care.” In the physical world, it’s easy…

Farid Mheir's insight:

WHY IT MATTERS: explores how blockchain technology may help protect private data and bring back some privacy.

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A New Tech Manifesto to envision a future where privacy, trust and personal data is valued properly #TrustIssues @medium

A New Tech Manifesto to envision a future where privacy, trust and personal data is valued properly #TrustIssues @medium | WHY IT MATTERS: Digital Transformation | Scoop.it

The promise of the internet isn’t that a few centralized powers will do everything for us. That’s the Old World, and we shouldn’t try to recreate it. The promise of an inter-networked world is that we can do more ourselves under new models of collaboration, whether in the fields of science or art or justice.
Imagine if we used our collective data to help us be better neighbors, partners, artists, citizens, and humans, rather than just better products to be auctioned off to the highest bidder. Imagine, too, if we could hold technology companies accountable by demanding that they share power more equitably with the people who use and enable their products and services.

Farid Mheir's insight:

WHY IT MATTERS: as privacy and trust erodes, this article provides some insight on how to shape the future to bring back trust and value of privacy and personal data.

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Are you going to be a #Blockchain leader or follower? Here is a quick way to decide via @McKinsey

Are you going to be a #Blockchain leader or follower? Here is a quick way to decide via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

A company’s optimal strategic approach to blockchain will fundamentally be defined by the following two market factors, which are those they can least affect:

  • market dominance—the ability of a player to influence the key parties of a use case
  • standardization and regulatory barriers—the requirement for regulatory approvals or coordination on standards
Farid Mheir's insight:

WHY IT MATTERS: it is essential to position your company as a leader or follower regarding regarding any new - and possibly disrupting - technology. This article explains how to determine your strategic position regarding the blockchain technology.

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Feasability of #Blockchain at scale is years away - which does not mean companies should not be experimenting right now via @McKinsey

Feasability of #Blockchain at scale is years away - which does not mean companies should not be experimenting right now via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Companies can determine whether they should invest in blockchain by focusing on specific use cases and their market position.

Farid Mheir's insight:

WHY IT MATTERS: an analysis of 90 use cases shows the feasability of blockchain across key components.

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Cost reduction may prove to be the best short term value for the #Blockchain use cases via @McKinsey

Cost reduction may prove to be the best short term value for the #Blockchain use cases via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Blockchain might have the disruptive potential to be the basis of new operating models, but its initial impact will be to drive operational efficiencies. Cost can be taken out of existing processes by removing intermediaries or the administrative effort of record keeping and transaction reconciliation. This can shift the flow of value by capturing lost revenues and creating new revenues for blockchain-service providers.

Farid Mheir's insight:

WHY IT MATTERS: blockchain is fundamental for certain record keeping and transactions and this analysis of 90 use cases shows that 70% provide short term cost reduction as the most value.

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#Bitcoin may have been the worst first killer app for the #Blockchain because it is public: companies should rather look into permissioned use cases in the short term via @McKinsey

#Bitcoin may have been the worst first killer app for the #Blockchain because it is public: companies should rather look into permissioned use cases in the short term via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

The economic incentives to capture value opportunities are driving incumbents to harness blockchain rather than be overtaken by it. Therefore, the commercial model that is most likely to succeed in the short term is permissioned rather than public blockchain. Public blockchains, like Bitcoin, have no central authority and are regarded as enablers of total disruptive disintermediation. Permissioned blockchains are hosted on private computing networks, with controlled access and editing rights.

Farid Mheir's insight:

WHY IT MATTERS: companies often dismiss the blockchain because of bitcoin failures. However this article suggests that there are other use case that should be considered first.

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Best summary of #Blockchain key use cases to date helps plan strategy and get beyond the hype via @McKinsey

Best summary of #Blockchain key use cases to date helps plan strategy and get beyond the hype via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Blockchain’s core advantages are decentralization, cryptographic security, transparency, and immutability. It allows information to be verified and value to be exchanged without having to rely on a third-party authority. Rather than there being a singular form of blockchain, the technology can be configured in multiple ways to meet the objectives and commercial requirements of a particular use case.

Farid Mheir's insight:

WHY IT MATTERS: blockchain is fundamental for certain record keeping and transactions - this diagram summarizes the key use cases.

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Myth and Reality about the #Blockchain via@McKinsey

Myth and Reality about the #Blockchain via@McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Blockchain is a distributed ledger, or database, shared across a public or private computing network. Each computer node in the network holds a copy of the ledger, so there is no single point of failure. Every piece of information is mathematically encrypted and added as a new “block” to the chain of historical records. Various consensus protocols are used to validate a new block with other participants before it can be added to the chain. This prevents fraud or double spending without requiring a central authority. The ledger can also be programmed with “smart contracts,” a set of conditions recorded on the blockchain, so that transactions automatically trigger when the conditions are met. For example, smart contracts could be used to automate insurance-claim payouts.

Farid Mheir's insight:

WHY IT MATTERS: this article summarizes well the potential of blockchain.

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Beyond the hype: #Blockchain is 3 to 5 years from feasibility at scale via @McKinsey

Beyond the hype: #Blockchain is 3 to 5 years from feasibility at scale via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Our analysis suggests the following three key insights on the strategic value of blockchain:
– Blockchain does not have to be a disintermediator to generate value, a fact that encouraages permissioned commercial applications.
– Blockchain’s short-term value will be predominantly in reducing cost before creating transformative business models.
– Blockchain is still three to five years away from feasibility at scale, primarily because of the difficulty of resolving the “coopetition” paradox to establish common standards.

Farid Mheir's insight:

WHY IT MATTERS: an in depth article about the strategic potential of blockchain in every industry.

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Shepherd Matsongoni's curator insight, July 1, 1:15 PM
At long last accountability is looming. Less corruption!
 
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How Emerging Technologies Are Impacting Industries

How Emerging Technologies Are Impacting Industries | WHY IT MATTERS: Digital Transformation | Scoop.it

This article serves as a briefing on how various industries can strategically utilize emerging technologies in and around the world today. This is not an exhaustive list, but rather an introduction…

Farid Mheir's insight:

WHY IT MATTERS: my digital transformation framework includes such an opportunity matrix to help executives explore what is possible to do with digital technologies. This list can thus be a useful starting point for such exploration.

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From Farm To Finished Garment: #Blockchain Is Aiding This Fashion Collection With Transparency from sheep to ssweater

From Farm To Finished Garment: #Blockchain Is Aiding This Fashion Collection With Transparency from sheep to ssweater | WHY IT MATTERS: Digital Transformation | Scoop.it

Designer Martine Jarlgaard has launched a pilot initiative that uses the blockchain to enable both transparency and trust around her collections as part of this week's Copenhagen Fashion Summit. Each garment has a unique digital token, enabling Provenance to verify every step of its production and create a digital history of that information including location data, content and timestamps, all of which is presented to consumers via an interface they can access through their item’s QR code or NFC-enabled label (so that it works on both Apple and Android devices).

Farid Mheir's insight:

WHY IT MATTERS: real-life applications of blockchain for traceability in the retail industry are starting to appear. With a global push towards fair-trade and local sourcing of products, we can expect solutions like this to be part pf every product tag in the future.

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Learn #Blockchain in 2 Months - great program for those that is serious about using blockchain via @sirajraval

Blockchain technology is hot right now! I've devised a 2 month study plan to help you learn how blockchains and cryptocurrency works. This is the kind of curriculum I'd create for myself to learn, but I'm open sourcing it for you guys since I love you. We'll start with cryptography, move on to Bitcoin, then Ethereum, other cryptos, and finally Decentralized Applications.

Curriculum for this video: https://github.com/llSourcell/Learn_Blockchain_in_2_months 

Farid Mheir's insight:

WHY IT MATTERS: hearing so many people asking what is blockchain, I thought to share this to show that 1) it requires many new concepts and fundamentals 2) it can be done if you have the right mindset!

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This #AgTech #Startup Just Built A Coinstar For Coffee #blockchain #traceability - this tech has huge potential as it can reduce the number of food products that are recalled via @qz

This #AgTech #Startup Just Built A Coinstar For Coffee #blockchain #traceability - this tech has huge potential as it can reduce the number of food products that are recalled via @qz | WHY IT MATTERS: Digital Transformation | Scoop.it

Tech startup Bext360 has built a Coinstar-like device to grade coffee beans and pay the farmer for them right away.

Farid Mheir's insight:

WHY IT MATTERS: this is a concrete example of a use case for blockchain that shows it is now possible to trace the products from source to consumer. Blockchain technology provides a "distributed" system that can be "trusted". Why is this important? recently the US FDA has recalled 207M eggs due to salmonella: with proper traceability this number could have been much much lower: https://qz.com/1252939/egg-salmonella-recall-how-to-tell-if-a-specific-carton-is-affected/ 

That is why Starbucks is also considering similar technologies as explained here: https://www.wsj.com/articles/bringing-blockchain-to-the-coffee-cup-1523797205 

 

For more on the technology, see the video and explanation here: https://www.boulderai.com/ai-vision-systems-integration/ 

 

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Canada Will Use Blockchain and Biometrics to Establish Digital Borders #Blockchain #Canada #Security

Canada Will Use Blockchain and Biometrics to Establish Digital Borders #Blockchain #Canada #Security | WHY IT MATTERS: Digital Transformation | Scoop.it

The Canadian government is continuing their experiments with blockchain to see how the new technology can further help the country. The federal government announced that it will pioneer the testing of the Known Traveller Digital Identity system, a new concept that helps to improve the security and flow of travellers across borders. This new program uses biometrics, cryptography and distributed ledger technology to give travellers more control over how and when they share their information with authorities. This can lead to expedited clearance and build more trust and transparency between travellers and authorities as they look to improve risk detection.

Farid Mheir's insight:

WHY IT MATTERS: article that explains why and how the blockchain technology will be used to facilitate border crossing in Canada. Yé!

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Why the CDC Wants in on #Blockchain? It provides a secure and private way to transmit personal health data #notBitcoin #realUseCaseForBlockchain @MIT

Why the CDC Wants in on #Blockchain? It provides a secure and private way to transmit personal health data #notBitcoin #realUseCaseForBlockchain @MIT | WHY IT MATTERS: Digital Transformation | Scoop.it

For the past several months, Nasr has led a team working on several proofs of concept based on blockchain technology, with an eye toward building real applications next year. Most are geared toward better public health surveillance, which could include using a blockchain to more efficiently manage data during a crisis or to better track opioid abuse.

Farid Mheir's insight:

WHY IT MATTERS: bitcoin fraud, price volatility and other hacks have given bad press to the blockchain - the technology behind the bitcoin - when in fact it is the real revolution. Here is a very good use case for this new technology: using blockchain to send personal, private, confidential health information in a secure and protected way for the good of man kind.

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Possible attacks on Bitcoin : Bitcoin

Possible attacks on Bitcoin : Bitcoin | WHY IT MATTERS: Digital Transformation | Scoop.it
Farid Mheir's insight:

WHY IT MATTERS: this analysis is interesting even though the source of the data is unclear. It serves as a reminder that bitcoin and other blockchain-related solutions need to be extremely safe and secure because the number of possible attacks is quite high..

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Blockchain is more than Bitcoin: exploring a plethora of non-financial use cases #Blockchain #bitcoin @Cognizant

Blockchain is more than Bitcoin: exploring a plethora of non-financial use cases #Blockchain #bitcoin @Cognizant | WHY IT MATTERS: Digital Transformation | Scoop.it

Blockchain disruptive nature is derived from its ability to transform almost any process, from basic documentation to settling complex contracts across geographies.

Farid Mheir's insight:

WHY IT MATTERS: we focus on the financial use cases of the blockchain. However there are many more - and potentially more important - use cases for blockchain outside payment and financial transactions. They must be considered careful by anymore preparing a digital strategy today.

Also:

- more recent infographics (2018): https://www.reddit.com/r/CryptoCurrency/comments/7y2zld/infographic_use_cases_for_blockchain/

- another list: https://www.experfy.com/blog/blockchain-use-cases-that-have-potential-to-disrupt-society

- other financial use cases explained: https://hackernoon.com/popular-use-cases-of-blockchain-technology-you-need-to-know-df4e1905d373 

- slideshare presentation: https://www.slideshare.net/IBTSMG/blockchain-use-cases-75417476 

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#Blockchain may be the next revolution in the food supply chain - but education is key for wide adoption of this complex technology

#Blockchain may be the next revolution in the food supply chain - but education is key for wide adoption of this complex technology | WHY IT MATTERS: Digital Transformation | Scoop.it

According to a Deloitte survey, 40% of senior executives of large companies know little to nothing about blockchain, yet many view the technology as a top priority for 2017. This data suggests that one of the first barriers to promoting widespread adoption of the technology in the food industry is basic education about how the industry can benefit from blockchain.

Farid Mheir's insight:

WHY IT MATTERS: one of the key use case for blockchain is food traceability improvements, allowing faster and more precise product recalls for example. A recent study here shows that executives need lots of education and training to adopt and deploy the technology.

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Twitter Followers Vanish Amid Inquiries Into Fake Accounts #fakeNews #trolls #me.com

Twitter Followers Vanish Amid Inquiries Into Fake Accounts #fakeNews #trolls #me.com | WHY IT MATTERS: Digital Transformation | Scoop.it

Federal and state authorities are investigating the sellers of artificial followers and other fraudulent social media engagement.


Via Jessica Kelly
Farid Mheir's insight:

WHY IT MATTERS: we must remain more careful than ever regarding the explosion of "fake" social media. This article - along with another referenced in there - provides a glimpse at how huge the world of "fake" is on the Internet: fake news, fake accounts, fake reviews, etc. It raises serious questions about anonymity vs. "verified" and personally identifiable content/accounts - and the potential loss of privacy. Maybe blockchain will provide a solution to guarantee traceability to real individuals while retaining privacy? In any case, something has to happen otherwise the web and social media will soon become nothing but a polluted dump site of fake content....

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Jessica Kelly's curator insight, January 31, 2:20 PM
I'll admit, I'm enjoying this. I have never bought a follower, and I haven't lost any fake/bot followers this week. I use Twitter as a place for authentic communication and info-sharing, not self-aggrandizement or one-way broadcast. I have never followed someone unless I read their profile first, and as my account pushes close to 10K followers, I often recognize follower handles and pictures b/c I've read the bios. I make $0 for using my Twitter account, and while I sometimes think of quitting social, it's never b/c my account is just a front. I wonder if there's any hope that this purge--if it is a purge--will make Twitter feel even a tiny bit like it did in earlier days. We can hope, right?
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Ten Year Futures: a presentation on the state of technology and what's likely to happen in the next decade #AI #mobile #innovation #blockchain HT @benedictevans

Ten Year Futures: a presentation on the state of technology and what's likely to happen in the next decade #AI #mobile #innovation #blockchain HT @benedictevans | WHY IT MATTERS: Digital Transformation | Scoop.it

Keynote at Andreessen Horowitz's annual 'Tech Summit' conference, talking about the state of tech today and what's likely to happen in the next decade: mobile, Google / Apple / Facebook / Amazon, innovation, machine learning, autonomous cars, mixed reality and crypto-currencies.

Farid Mheir's insight:

WHY IT MATTERS: Benedict Evans from a16z always manages to summarize exactly where we are and where we are going. This presentation is a must see.

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Ryan Smith's comment, January 29, 6:44 AM
Its Exciting to experience the future.
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8 Essential #technologies & the use cases where they can be applied @ThomasKarolak

8 Essential #technologies & the use cases where they can be applied @ThomasKarolak | WHY IT MATTERS: Digital Transformation | Scoop.it

This paper examines the essential eight technologies that matter and what business leaders now need to do about them, and emerging technologies in general.

Farid Mheir's insight:

WHY IT MATTERS: A good summary of potential use cases and applications for key digital technologies that revolutionize business.

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Jevachoudary's comment, January 6, 2:24 AM
These hacks really helpful,thanks for sharing.
https://goo.gl/AHvybK
Naz Bhayani's curator insight, January 8, 1:21 PM

Latest Tech, for those looking to make big changes in their careers, here you go! learn, invest time and reap rewards

Curated by Farid Mheir
Digital technology consultant. Register to my free email newsletter: http://fmcs.digital/newsletter-signup/