Latest Read: Blockchain – Blueprint for a New Economy

When Melanie Swan’s book Blockchain: Blueprint for a New Economy written under the O’Reilly series was available I was eager to start reading. This is a thoughtful overview to the Blockchain. There is much to learn about the role of cryptocurrency and the blockchain but this is not the sole focus of her work.

Blockchain - Blueprint for a New EconomyMelanie, like Tapscott paints a wide brush across the Blockchain. Too similar to Tapscott perhaps? No. If the blockchain’s focus was just security then it would command a smaller, narrow focus on IT infrastructure. Yet Melanie provides a wider arena to learn how Blockchains especially in healthcare hold enormous possibilities.

My first book Don Tapscott’s The Blockchain Revolution was interesting. William Mougayar’s The Business Blockchain was better. My thirst for knowledge continues.This is possibly the best of the three at providing a deeper dive to the possibilities of a truly changing technology.
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Latest Read: The Business Blockchain

William Mougayar’s new book The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology provides a blueprint overview that compliments Tapscott’s Blockchain Revolution previously reviewed. Mougayar is able to specifically touch on the Blockchain’s architecture. Tapscott painted with a wide brush addressing everything possible with the Blockchain’s decentralized trust solution.
The Business Blockchain: Promise, Practice, and Application of the Next Internet TechnologyMougayar moves slightly forward addressing v 3.0 aimed at audiences wider than banking. A key view is that Blockchain will not just be for the enterprise. This will create a new crypto economy. It will be interesting to watch this grow. Care to take a live look? Here is the blockchain.info site.

He views the blockchain will revolutionize the roles of existing financial intermediaries including PayPal. Blockchains will force change upon them. They can adapt or die like the dinosaurs. Blockchains will disrupt oldschool, imperial organizations as the trust boundary shifts value away from them after hundreds of years.

Banks are clearly the key target of the blockchain infrastructure. To no surprise even the Federal Reserve has been given a blockchain briefing in June. The focus byMougayar beyond another blockchain overview is a breakdown of trust, obstacles and challenges to the Blockchain technology. The issue is much stronger in the financial services marketplace as Wall Street and international banks are now testing blockchains. He touches briefly implementing Blockchain technologies and closes by pushing the message of decentralization as a key in moving forward.
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Latest Read: The Blockchain Revolution

Blockchain as a financial technology (FitTech) surged in late 2015. Wall Street banks and other international financial firms stress tested this technology and are investing in blockchain infrastructure. Even Janet Yellen and The Federal Reserve received a blockchain briefing within June.

Don Tapscott’s Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World is a worthy introduction to this advanced security ledger technology. This book is NOT about Bitcoin.

The Blockchain RevolutionTapscott paints with a wide brush across the underlying architecture. Looking for blockchain infrastructure, cryptocurrency or blockchain as a service than take a glance at the table of contents. O’Reilly’s Blockchain books are more targeted to tech folks anyway.

Hard to believe I have been a fan of Don’s writing for over 10 years. Just looked at my review of Wikinomics and MacroWikinomics, his previous books published way back in 2006. His follow up Macrowikinomics was released in 2008. It was interesting to me to understand Don lightly wrapped an element from Wikinomics called Ideagoras into The Blockchain Revolution. Sometimes you just cannot leave home….

Clearly FinTech sees the blockchain’s potential to disrupt their world. The focus for Tapscott is how to address Blockchain beyond Wall Street. The blockchain allows participants of public and private distributed systems to agree on a common view of a system and track changes across those systems with highly secure encryption. Security is also the core of healthcare blockchains with the focus on the crypto in cryptocurrency.
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Latest read: We Were Soldiers Once and Young

Joe Galloway and Hal Moore wrote We Were Soldiers Once And Young about their battle in the Ia Drang Valley. They reveal a deeper tragedy around the tipping point battle that would haunt America for a generation. As always the book is better than the movie.
we were soldiers: The battle in the Ia Drang ValleyThe battle of the Ia Drang Valley casts a long shadow over America’s role in Vietnam. It carries implications today. The ambush and loss of 155 Americans from a single battle (LZ Albany) was the largest loss of life throughout the entire American war including the siege at Khe Sanh and the Tet Offensive. Please recall Khe Sanh was a six month siege while the Ia Drang Valley was less than 48 hours.

America’s fast growing role in Vietnam was largely based upon the Ia Drang Valley. The White House would establish “body count” as the measured outcome. At the same time I somehow missed that Norman Schwarzkopf marched into Ia Drang at LZ X-Ray the day after the battle.

Galloway has written an excellent account of the Air Cav surviving LZ X-Ray and also the failures of command moving troops to LZ Albany on the ground. His attention to detail unique that every man in battle is identified by name and hometown…many times the following paragraph revealed that soldier’s death. Three cities where I have lived lost men in the Ia Drang Valley. One solider killed on the second day at LZ X-Ray lived 9 miles from our home in Milwaukee. Young men from greater Chicago and Northwest Ohio also died in battle.

As portrayed in the opening sequence of the movie based upon this book, NVA soldiers executed wounded Americans in the Ia Drang Valley. The history of war in Asian culture is much harsher than in Europe.
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Latest Read: Keeping Up with the Quants

Have been looking forward to Tom Davenport’s Keeping Up with the Quants: Your Guide to Understanding and Using Analytics for longer than I care to admit. I throughly enjoyed his book Competing on Analytics all the way back in 2008. His followup Big Data@Work provides the same scope for business regarding the emerging era of Big Data.
Keeping Up with the Quants: Your Guide to Understanding and Using Analytics Tom has truly mastered the role of business analytics for well over two decades. He is acknowledged as revealing the path of metrics and just as important how success can be defined by adopting a mindset of analytics over intuition. It should be no surprise that I am a big fan of Tom Davenport.

Seems like a lifetime ago in the competitive and fast changing world of analytics. Quantitative analysis with a side of regression is not a diner order but a key skill to identify patterns in data.

An easy read with great common sense approaches for leaders to understand and professionals to embrace it proves not only how business gains insights but how to defend Kobe Bryant.

On the heels of reading Nate Silver’s bestseller The Signal and the Noise, Davenport reveals how quants have not only broken down NBA basketball defensive measures to each quarter when playing Bryant and the Lakers but how to guard him in a last possession game scenario.
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