“Déjà vu is your destiny, because the future regularly repeats itself!” – Futurist Jim Carroll
When BitCoin was at $20, I told my son about the dot()com e-commerce bubble of the late 90’s. I know nothing, apparently. Now that it is at $6, he’s gone kind of quiet.
Bitcoin is a bubble, but blockchain is big. It will change entire industries, reshape business relationships, and lead to massive disruptive change. THat’s the focus of my keynote this morning for a manufacturing group in Las Vegas.
I will be taking a look at the marriage of the Internet of Things (#IoT) to blockchain, and what this will mean in terms of how we manufacture things, as well as the nature of the very things we operate.
The session description reads that I will take a look at ” how the Industrial Internet of Things is changing product development and manufacturing processes, as well as the effect Blockchain has on our approach to traditional transaction methodology.” It’s a pretty massive trend, and it is just like what happened with the arrival of the Internet in the early 90’s. Lots of ideas, lots of opportunity, but lots of flash and promises, and as of yet, little substance. The Internet led to the dot()com and e-commerce hysteria, the inevitable crash, and then the supremacy of Amazon. So too will it be with iOT and Blockchain.
History repeats itself in predictable ways. Understand that, and you’ll know how to play a trend for opportunity.