I've got this smart friend (hi Shaun!) who over malted beverages made the statement that Blockchain could replace the Big 5 accounting firms, because everyone's books would be out in the open at any time, and gee wiz wouldn't that be a great thing. I see a parallel between what he was saying and what you've written about how great it would be if we had all this open business logic from which we could all benefit.
Except that's not how the world works at all. Having those contacts in one's own Rolodex is exactly how many top salespeople get hired; they have a direct disincentive in sharing. Same for business logic and processes. Accounting? Companies _do not_ want to make it obvious how hard they have to work to make the books look good those last few days of the quarter in order to appease the street, thus there is zero incentive to sharing that data.
I like your ideas. There are a lot of nifty ideas floating around in Blockchain world. But so many go against market incentives, making them non-starters. Likewise, so many of these big ideas are better accomplished technically using other technology than Blockchain. The point of trust pops up a lot but... we have a legal system for that, and the track record of security issues does not give me hope that Blockchain is really the answer.
Except that's not how the world works at all. Having those contacts in one's own Rolodex is exactly how many top salespeople get hired; they have a direct disincentive in sharing. Same for business logic and processes. Accounting? Companies _do not_ want to make it obvious how hard they have to work to make the books look good those last few days of the quarter in order to appease the street, thus there is zero incentive to sharing that data.
I like your ideas. There are a lot of nifty ideas floating around in Blockchain world. But so many go against market incentives, making them non-starters. Likewise, so many of these big ideas are better accomplished technically using other technology than Blockchain. The point of trust pops up a lot but... we have a legal system for that, and the track record of security issues does not give me hope that Blockchain is really the answer.