Distributed leadership in a disruptive world


Photo by Alex Dukhanov on Unsplash

You can’t leave a lasting footprint if you’re always walking on tiptoe — Marion Blakey

As COVID-19 takes hold of our globe and the understandable anxiety that comes from unknown circumstances and outcomes. Governments ask citizens to stay at home to help slow the spread of this pandemic and ultimately save lives.

Today, all of us have one purpose, which is to slow the spread of COVID-19 to protect all global citizens and support our health services. Requiring all of us to embrace this time of uncertainty and seemingly loss of control of our own destiny for the greater good.

If you can imagine your future self and bring it into the present, this can help acknowledge what is happening, and it will end at some point. We must work together and do away with the me-first culture.

Self-love is an accepted new term that gets thrown around in everyday conversation as a truism.

But did you know? It is only since the 1980’s this term entered into our vocabulary. And in 2016, the U.S. self-help industry was worth about $9.9 billion. Market researchers have predicted that the industry will be worth $13 billion by 2022.

Algorand has created an open global data repository for people to share their coronavirus info. Built on the Algorand blockchain to ensure free, permanent public access.

As we grasp implementing new technological solutions for our financial services and business operations in the form of distributed technologies. We also need to reshape our businesses to succeed with this radical change.

In part, I think a problem with implementing blockchain at scale is the fear of the unknown outcomes from taking a step into this emerging technology abyss. When you do not have certainty in a specific outcome forming a strategy and spending budgets on the riskier business solutions can be tough.

We need leaders, and especially at times like we currently face that are bold and courageous men and women who bring calm and order.

But we all must become our own leaders. Employees must be empowered and trusted by those in authority to do their jobs and do them well.

Photo by Julian Hochgesang on Unsplash

Many companies operate a railroad organizational structure, but what we must change is empowering people on the frontlines to make decisions. And trust then to trust them and reward them when outcomes are successful.

In the storms of uncertainty, every person must be treated and heard as a leader.

If you hold the title of leader, ensure you create space to do this by listening to learn from everyone.

2008 saw us embark on a journey on the redesign of how money comes into circulation with the invention of Bitcoin. Since then, entrepreneurs and traditional businesses have become captivated with the underlying technology of blockchain and what this foundational technology could do to help them thrive in a digital world.

The appetite shown by academics, computer scientists, economists, visionaries, and businesses for blockchain development is backed up by annual reported spending on research and development by the IDC.

The IDC reports worldwide spending on blockchain solutions is forecast to be nearly $2.9 billion in 2019, an increase of 88.7% from the $1.5 billion spent in 2018.

Governments, policy-makers, legislators, businesses, thought-leaders, and activists are thinking about the impact of how our world will adjust to these fundamental changes.

The Fourth Industrial Revolution is a seemingly permanent one. One, we are all called to challenge as users of the technology we participate in; for example, considering our data privacy and usage — a recent hot topic. I would hazard a guess since the recent scandals that most of us have not removed ourselves from centralized platforms. The platforms offer seemingly free services that monetize data intelligence, and we accept that trade-off whether we realize it or not.

These user-friendly and accessible platforms still attract considerable growth in user numbers because they are convenient and full of benefits.

The ethical arguments for these large platforms we currently enjoy using, as well as the societal impact of the new technologies we are deploying, is challenging regulators to keep up at a scale and rate of change never seen before in society.

For blockchain to have the same mass adoption on par with current global platforms, as well as new leadership styles, the technology needs to mature to offer equal ease of use.

As humans, we generally take comfort and ease over complexity and, as mentioned above, still use the platforms we love to hate.

Convenience is part of our human DNA as an innate survival mechanism by which we conserve energy. Moving platforms, deleting accounts all require enormous effort. And it is unlikely ever to remove all your online personas regardless of the goodwill in EU GDPR.

To encourage users to move away from centralized platforms and use blockchain applications as a first choice. The blockchain products developed need to solve real-world problems affecting daily life and have user-friendly and accessible experiences for everyone.

Two of the exclusive benefits blockchain can provide is that unlike centralized platforms;

  • blockchain has unparalleled security built into the core, and
  • it can also enable a personal data stewardship model — you own your data-self

Acknowledge, learn, and correct course. It is never too late to change.

Try not to become a person of success, but rather try to become a person of value. ~ Albert Einstein

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