The Great Flood of 2020

Those who do not become the warriors of change, will have to discover other alternatives.

By the time the world celebrates the arrival of the year 2020, the corporate world will be drowning in the greatest flood of unemployed executives ever. Some one billion plus senior and middle management white collar workers around the world will become redundant due to highly advanced and very timely “block-chain” technology and brand new digital systems. So, let’s explore block-chain. Vocabulary has been changing with our changing world. A few decades ago, the world was facing two brand new but never heard of terms, “hardware and software”. Hardware was described as a ‘washing machine’ and ‘software’ was the ‘soap and detergent. Still the concept was extremely complex to the masses of senior executives of the period. The inquisitive embraced the new terminologies, adopted rapid transformation and survived, while others got erased from the chapters of business history.

Hardware and software run our world today.

Since that period, no other word as powerful and mighty as “blockchain” has appeared on the global scene. A blockchain is a distributed database that maintains a continuously-growing list of data records, which are protected against tampering and revision. Each

October 2016 block contains a timestamp and information linking it to a previous block. There are massive technological and qualified expert explanations available on this new frontier. The transformation is unstoppable and the speed is almost scary. If you never heard about a blockchain platform before reading this now, you may be in the wrong office.

What will the blockchain economy do?

Presently, all highly educated, trained and experienced executives the world over, currently nestled in corner and cushy offices have a clear mandate to professionally manage and supervise daily transactions of a financial and legal nature. Their prime mandate is to lend weight and credibility by their ‘physical presence’ so necessary to police the accuracy, diligence and integrity of the paper flow. Each of these transactions demands verification, with fiduciary execution and responsibilities. Hours of work and personal interaction will suddenly be replaced by a single click with blockchain technologies.

What took days and weeks of formal meetings and face to face haggles will be replaced by the instant push of a button. Financial transactions, such as processing and signing big and small loans, purchases of financial instruments, real-estate transactions, notarisations and legal paper chase, audits, and accounting functionalities and hundreds more of such serious functions we do today will be taken over by buttons and clicks on mobile devices.

Come 2020 a highly efficient business world and a ‘chained economy’ will emerge.

FACTS: Guarantees: The accuracies and efficiencies in all transactional procedures will have safeguards. Instantaneous: the speed of tabulation and transactional execution will be instant and on global scale. Elimination: The super expensive and sluggish bureaucracy of transactions will be eliminated.

Decades ago only, IATA certified travel agents meticulously wrote by hand multi-copy airline tickets and inserted miniscule flight and seat numbers, which were never to be questioned by flight attendants continents apart… Now, a click on a mobile phone does that while millions of highly skilled travel agents simply