How blockchain will change the world in many more ways than you realize. It’s cataclysmic

April 01, 2018 | Phil Fersht

We all know that Blockchain has emerged as the world's leading software platform for digital assets, however, new research is demonstrating its value could go even further than merely digital assets. Blockchain can reinvigorate parts of your infrastructure that have been under-performing for years to have a dramatic increase on the satisfaction of your partners, your customers and possibly even your employees…

HfS research’s new findings indicate that many enterprise back offices are in dire need of a complete transformation in order to come close to achieving the desired outcomes of their partners.  Yes, folks, the impact of blockchains is causing many flagging enterprise assets to stand to attention, desperate to reclaim their former splendor and glory.  According to one automation governance lead from a major consumer products firm, “Why rip and replace legacy assets when you still have plenty of mileage to glean from your trusted old systems?  Ever since we got on the Blockchain Program, we’re rediscovering the ability to perform in a manner I’ve not experienced for at least twenty years.”

As with every technology magic bullet, the conversation always reverts to “hammers finding nails”, as many executives long to revive the glory days of shaving more off their bottom line in order to achieve more attractive results.

To this end, a financial controller of a FORTUNE 20 bank declared, “I had practically given up on ever meeting the demands of my various partners.  Every time we were asked to perform, we just couldn’t connect the pieces.  We tried every solution on the market, every tool off the shelf, even some special robots… we were a hammer trying to find a nail, but the nail just wouldn’t find the hole.  Until we were introduced to blockchain, and suddenly everything changed…”.

There’s something about the nature of a distributed ledger that enables even the most seasoned of industry executives to re-live the days of their youth, a revelation that has put the wind up Pfizer, whose market is the latest to be on the verge of disruption.  According to one disgruntled Prizer executive, “We are very concerned about the impact of Blockchain on our business lines.  We have been warning customers of the serious side effects a Blockchain is going to have, with its sheer processing grunt depleting energy resources to an alarming extent.  We advise affected customers to call their on-demand service provider for urgent support, especially after more than four hours of vigorous non-stop blockchain activity that is showing no signs of slowing down.”

HfS analysts also caught up with a leading executive from IBM, John Holmes, who added, “Thanks to blockchain, there is a huge opportunity to get our firm back on course for some serious straight line growth.” 

And when we managed to get Accenture blockchain guru, Peter North, on the phone who revealed, "Blockchain promises high performance delivered and we aim to deliver that high performance. Delivered."

Even President Donald Trump has confirmed the future potential of Blockchain in a recent series of tweets where he argued ‘It’s the best. The greatest. Just great. I’m so glad I came up with idea before Cambridge Analytica and Facebook. But seriously, Ivanka, is there any way we can delete some of the data on there? Yes those blocks called Stormy, delete them.’

And of course... this was an:

Please, please don't tell me you fell for this again for the ninth year in a row!  ...And I know some of you did =)

And while we’re reminiscing about falling for April Fools’ gags, here is 2017's classic:

Yamazaki, Macallan and Redbreast lead the inaugural HfS Premium Whisky Blueprint

And 2016's

HfS launches new unDigital magazine

And 2015's 

HfS announces its entry into the outsourcing advisory market

And 2014's 

HfS and Blue Prism partner to develop automated analyst solutions 

And 2013's 

Phil Fersht steps down as HfS CEO

And 2012's

Merriam-Webster to remove the term Outsourcing for IT and Business Services

And 2011's

Painsharing exposed: HfS to reveal the worst performers in the outsourcing industry

And 2010's:

Horses for Sources to advise Obama administration on offshore outsourcing

Oh, and here’s 2009's which I really hope you didn’t fall for too (and many did):

Horses Exclusive: Obama to ban offshore outsourcing

Now if you fell for all NINE of these, please ADMIT TO THE WORLD YOU NEED A CRASH COURSE IN GULLIBILITY COUNSELLING AND FOREVER HOLD YOUR PEACE :)

Posted in: Blockchain

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1 Comments

6 Comments

  1. Rajiv Malhotra
    Posted Apr 01, 2018 04:02 AM | Permalink Reply

    I find organisations across industries take keen interest in understanding impact of blockchain & other digital interventions in business. However, when it comes to decision making stage , majority of them content themselves with Robotics Automation, ML, workflows, recs tools etc. Seems like they are looking for other organisations to take lead rather then setting up benchmark in their respective industries. Further, many may not be sure about ROI considering this technology is still in nascent stage ( except banking & financial services) or are apprehensive about tremendous change management required to get other parties become part of block chain.

  2. Paul
    Posted Apr 01, 2018 05:14 AM | Permalink Reply

    Personally I think Blockchain is getting overhyped, Phil.

  3. Harry Jose
    Posted Apr 01, 2018 09:27 AM | Permalink Reply

    Hi Phil - read this post. Read it again. Looked at the date. Read the name of the experts. Reread about the pharma company whose business is being disrupted. Fell off the chair. Remained on the floor rolling for a bit. Got up and thought i would tweet / comment. Then thought why spoil the fun. i can already see messages and likes. You are awesome !

    The impact of blockchain on flagging enterprise assets :) #Priceless

    Regards, Harry

  4. Alan
    Posted Apr 01, 2018 09:42 AM | Permalink Reply

    You had me until John Holmes =)

  5. Patrick Hauck
    Posted Apr 02, 2018 07:24 AM | Permalink Reply

    Holmes, North, and Trump? Sounds like a very tall isosceles love triangle.

  6. Phil Fersht
    Posted Apr 02, 2018 09:50 AM | Permalink Reply

    @Patrick: Indeed, three very different triangle sides... would be rather skewed...

    PF

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