March 2022ENTERPRISE SECURITY| | 19CXO INSIGHTSBLOCKCHAIN: SERVING THE FUTURE OF THE INDUSTRY?Difficult to form an opinion on the blockchain subject when you read everything and its opposite about this technology!While William Mougayar writes,"The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, which progresses slowly and gradually envelops everything in its path by the force of its progression.", The New Digital Factory says it poses serious problems of trust and security "With the blockchain, we are asked to believe in the technology only: "code is law", in short on a system based on a stool with one foot, or even one and a half (the decentralised organisation)!"A revolution of the future or a vast speculative illusion?What is sure is that the phenomenon is growing day by day and that this technology which had started in the financial field - with significant impacts - is used more and more in other areas and industries. Its demonstrated reputation for security and the transparency it induces meet the high expectations of today's western societies. Our need to have complete visibility into the origins of all our consumer goods for health or ethical purposes is increasing every year and this growth is not about to stop. This technology is a revolutionary brick in the digital transformation of companies. Blockchain has particular application context: when people need a certification that something did happen on the one hand, when processes are complex and involve several actors on the other side. The backbone of this technology lies fundamentally in the network exploiting it.The primary difficulty in implementing a blockchain lies in the creation of this network and in the ability to federate companies to work in collaboration and move from a traditional customer-supplier relationship to a partnership relationship, with an unusual increase of information transparency or process sharing. We go from a centralised network with a master/slave relationship to a decentralised flat network where relations are made in peer to peer. By Odile Panciatici, VP Blockchain project, Groupe Renault
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