Peter Thiel, PayPal cofounder – says, ‘Technology has let people down, we wanted flying cars instead we got 140 characters… What happened to the future!’
In many ways this statement is true, the pace of visionary technology has taken a back seat to what is really achievable. This paradigm can change and the exciting argument is that this down beat prophecy can be reversed.
The leap to flying cars from this point is enormous with many challenges, technical, economical and environmental, but with step-by-step evolution and with specific technology adoption such visions are possible.
A quick search of the internet will lead to companies such as Audi & Airbus collaborating to conceive an urban mobility flying vehicle, the Uber flying taxi vision or the Aston Martin Volante autonomous flying craft concept, to name a few examples indicating that the aspiration certainly exists.
History tells us that behind the creation of amazing things are truly disruptive innovators. Steve Jobs, Elon Musk or Satoshi Nakamoto those who lead the pursuit of human future possibilities allied to fundamental technology breakthroughs.
Amongst these names arguably one of the most significant and potentially pervasive breakthrough could be that of the use of digital assets and blockchain technology.
Blockchain is a ground breaking innovation with its potential applications reaching far beyond digital currencies and financial assets, adoption has been cautious but is now being reviewed by government and large corporates alike and across a number of industries. Finance, banking, legal, design, manufacturing and supply chain networks are exploring the inherited characteristics of this technology to enhance trust through transparency and traceability within any transaction of data, goods, and financial resources.
Implementing the benefits of Blockchain with the allowing of data to be shared among multiple parties with full transparency and trust without reliance of a central authority to manage and validate data and transactions is a definite advantage within an industrial supply or value chain.
Concurrently, the digital operation footprint of industry is growing exponentially within industry with the adoption of Big Data, IoT, cyber security, additive manufacturing, digital simulation, also known as the 4th Industrial Revolution acts as a principal element to making products of the future.
Furthermore, the smart businesses consider industrial collaboration as both significant and strategic and a natural element to complicated product delivery and digital adoption allows access to business relationships throughout the world. However, present reliance on centralised systems such as crucial supply and/or value chain provisions carry inefficiencies and transparency concerns and therefore limits fully trusted international relationships. This increasing global reach means that existing, centralised processes especially in financial transactions are not efficient for tomorrow’s business. Blockchain is the natural substitute.
Moreover, inclusion of blockchain combined with the adoption of 4th Industrial Revolution digital manufacturing, create efficiencies across the value chain and delivers the elemental technology changes to build things with more ease and with more efficiency than previously possible, products such as flying cars!