Strategic Futurists; Value Systems Specialists

Events

Should Your Strategic Planning Consider Digital Currencies and the 'BlockChain'?

Wednesday 30 August 2017

If you are running a Risk Register or actively conducting Environmental Scanning, you're probably already aware of the rise of Digital Currencies. There's some great benefits among all the hype and yes there are risks. Perhaps the single most underrated element of the promise is the inability for any one or a handful of players to manipulate or 'game' the system. The keys to note are:

a) No one person or entity controls the system. Rather the 'block' represents a small chunk of the picture. When those small chunks are connected up, you get a 'chain'.
    aa) In fact there's versions emerging where a single entity DOES control the system and they are digital currencies I'd avoid like the plague!


b) 'Bit coins' are simply digital versions of real coins
    bb) You already spend money 'digitally' via a credit card. The digitial coin currency version is pretty much the same


c) Because no one entity controls the system, and because the system has lots of little chunks that must fit together PERFECTLY like a Jigsaw puzzle, if someone tries to manipulate or cheat the system, the jigsaw will NOT fit together and it alerts people that something is wrong. Transactions get rejected
    cc) This means INSTANT responses to scams or activity that is unusual.

This is the EXACT OPPOSITE to what can happen on the sharemarket or LIBOR interest rates set by a handful of banks which control the way money markets now work. So yes be aware and consider thoughtfully its impact on how you transact now and into the future

And the article 'Bitcoin explained in a way a 5 Year Old can Understand' holds - pretty good way of explaining it


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Events

Societal Strategic Planning
Wednesday 18 July 2018
Sometimes we need ways to assess 'where we are at' as part of our strategy development and planning process. In fact, we may need a good reality check to our thinking to help us remove our blinkers and expose some of our blind spots. Looking outside to other sources of information can be extremely valuable here and this clip is a wonderful example of how an alternative reality can be presented.
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Tackling Bias to improve decision making
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McKinsey's interview with Richard Thaler on 'debiasing the corporation' is a really good one. I've spent the best part of two decades trying to help organisations unpack their biases through the use of foresight. I recommend this article to you
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Futures Thinking and the Planning for National Productivity
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Great week co-facilitating a Strategic Foresight Workshop, and Establishing a Foresight Unit module for the @AsiaProductivityOrganisation here in Tokyo
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