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Blockchain’s underappreciated, greatest application is Integration: IT Systems and Business Partner Integration

In Uncategorized by Drew MillerLeave a Comment

While most know about blockchain as the foundation of cryptocurrencies, even blockchain enthusiasts seem to be overlooking perhaps the most important capability of blockchain:  an ideal systems integrator. Blockchain (BC) can be used to connect together siloed databases across multiple organizations and business processes, exploiting the IOT and Smart Contract billing and administrative cost reduction advantages while protecting confidentiality.  Just as important is Blockchain’s security and reliability which make it a much safer and more …

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Inbound Logistics Article

In Uncategorized by Drew MillerLeave a Comment

Blockchain Business Consultants Managing Director Dr. Drew Miller was featured in an article on blockchain use in supply chains in the July 2018 issue of Inbound Logistics. Featured quote: “In the end,” says Drew Miller, managing director of Blockchain Business Consultants, “blockchain is a record-keeping mechanism that makes it easier, safer, and simpler for businesses to work together over the internet.”  

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Blockchain technology is ideal for Supply Chain applications

In Uncategorized by Drew MillerLeave a Comment

While Blockchain (BC) started in finance (cryptocurrency) it is particularly valuable for Supply Chain (SC) applications.  BC is a “distributed database” – every user (or just authorized if a private BC) on the BC has the data—not a collection of stove pipped databases.  There is no “Central” controlling computer or company that owns and can alter the database on its own (again—unless a private BC set up this way).  As a result of this decentralized, …

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Blockchain Applications Assessment – A Methodology and Software to Evaluate the Likely Costs, Benefits, Feasibility, and Risks of distributed ledger, cryptocurrency and other applications of blockchain technology for your organization

In Uncategorized by Drew MillerLeave a Comment

Blockchain technologies will impact every business and industry, from retail acceptance of cryptocurrencies, to supply chain secure distributed databases, disintermediation of middlemen (beyond what the Internet has done so far), and many other applications.  Determining which blockchain applications are most important and worthwhile for your organization to develop is a difficult, important decision.  It is not enough to research and think carefully.  A complex problem involving tradeoffs between conflicting objectives and uncertainty requires a multi-criteria …

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Bitcoin Founder Satoshi Nakamoto was probably an NSA Employee—and the NSA may destroy Bitcoin

In Uncategorized by Drew MillerLeave a Comment

I have long believed that Bitcoin founder Satoshi Nakamoto was probably an NSA employee.  I believe this not just because the hash codes and some key technology of Bitcoin, the first successful blockchain application, used crypto technology NSA developed.  Not just because he or she or they had skills and information that may have come from NSA work.  As NSA employee(s), they would have needed approval for outside work—and would likely not have received it, …

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You can design a utility token ICO to avoid security regulation risks—and still have big upside price increase potential

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The SEC keeps threatening to go after ICOs because most offer profit sharing and voting rights similar to what stock equity owners receive.  But pure utility cryptocurrency tokens—where you have the right to a discounted, priority buy of a new product or service—do not have equity features or face security regulation risks. The problem is that these utility tokens may not have much price increase upside potential—and thus not get much sales.  The key is …

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You can design an ICO to avoid security regulation problems

In Uncategorized by Drew MillerLeave a Comment

The Nov 10 Wall Street Journal proclaimed that the Securities and Exchange Commission is “talking tough on Coin Offerings.” Initial Coin Offerings (ICOs) that offer a share in profits or have equity features are indeed at risk of securities regulations—but an ICO designed as a utility token (an advance purchase of a product or service) without equity features should not be deterred by threats of securities regulators. Indeed, most companies may have an opportunity to …

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Blockchain technology is fantastic—but many ICOs are disasters

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Blockchain Technology is clearly going to create some very profitable, great new businesses—but most of the Initial Coin Offerings coming out now are for businesses with little to no chance of success Ethereum and many great ICOs have been funded, but there are clear Ponzi schemes and many proposed businesses that look legitimate, but upon further investigation prove to be impossible schemes that will clearly fail. While getting outside due diligence is wise for any …

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The Bobcat

In Uncategorized by Jamil Hasan1 Comment

I still remember my first full time job out of graduate school. I was admitted to be part of Ingersoll Rand’s financial management program, a rotational program designed to develop future financial leaders of the company. I was one of six analysts fresh to the team and had just completed my first six-month assignment in Allentown, PA. I had done a great job and was feeling confident in my abilities. When it came time to …