That Blockchain Thing!

Is it just me, or is “Blockchain” the most talked about idea just about everywhere you look today? Maybe it’s time for many of us to start paying attention!
So, as simply as I have been able to understand it, a blockchain is a decentralized network (ledger of transactions) that allows information to be connected with transparency, and without the need to have a manager or intermediary for the chain to work successfully and without corruption. Once data has been recorded within a blockchain, it is very difficult to change it. If someone attempts to change one block in the chain, that effort is apparent to everyone in the chain and, without full agreement, the chain can become invalid. Because there is not a central entity managing the chain, and all information is available to the entire network, everyone is able to verify that the chain is valid and the information is not corrupted.
Ok, if that wasn’t simple enough, maybe you should review this article in which the author explained blockchain to his 6-year-old using a story about a magic village. It’s nice and simple and makes the major points clear to understand. And why do you care? Well, according to many experts, Blockchain truly is “the next big thing“.
This is not a brand new idea, in fact it’s several decades in the making. The concept came into prominence, most agree, with the advent of Bitcoin in 2009. The Bitcoin folks, by the way, have their own explanation of Blockchain, which is worth a review.
If you’re with me so far, and have looked at the links above, you can probably already figure out why people in financial services are interested in Blockchain. But the idea is catching on in many more areas, and even if you aren’t a financial wizard, it is going to affect you soon, or may be doing so already. For example:
  1. Medical Records: Alphabet – Google’s papa – is actively pursuing an initiative to carefully track how every shred of data on a patient’s health record is shared and used. The ability to do this will impact patient care decisions, confidentiality, and doctor/patient collaboration.
  2. Purchasing Food: Among others, Walmart is looking to improve food safety by using Blockchain to track food from the point of origin to your kitchen. Could make tracking salmonella outbreaks, and saving lives, much faster in the future.
  3. Media: Newspapers, TV, social media, and other content providers are ripe for the use of Blockchain concepts. Maybe the demise of #fakenews is actually closer than we think!
  4. Advertising: Particularly in the digital world, Blockchain principles can go a long way to preventing advertising fraud, increasing trust, and improving the customer experience.
  5. Government: The permanent and public validity of information recorded and stored using Blockchain techniques might even make it possible for the average citizen to trust his or her governing authorities once again. Who doesn’t want that?

If you want to see more about business use cases of Blockchain, and how at least one big player (Microsoft) is using it, watch this video (40 minutes). You owe it to yourself to learn as much as possible – I think Blockchain is here to stay.

Have a great day!

Let’s Have a Meeting

…or maybe let’s NOT have a meeting

Meetings – we love to hate them. While few of us would argue that we should abandon all meetings in the workplace – they are often essential to the effective achievement of organizational goals and objectives – probably even fewer would state that they have never wasted time in a meeting.

The cost of ineffective meetings can be massive. Figure it out for yourself. Let’s say you hold a weekly meeting of Department Heads, or sales staff, or your direct reports (and by the way, recurring meetings are often the ripest for killing off) so you gather maybe a dozen people together. That’s 12 worker hours a week times 50 weeks, or 600 hours at risk. If your meetings are even 25% ineffective or unnecessary, your weekly meeting wastes 150 hours each year. If the average employee in the room costs (in salary and benefits) $35.00 per hour, your one weekly meeting has an inefficiency cost of  $5,250 per year! If this is happening all across your company, the costs mount up quickly.

The additional costs, in employee dissatisfaction, disrupted daily schedules, wasted preparation time, and in many other ways are immeasurable.

So, what to do? A good first step is to ask “Is this meeting really necessary?” This is a question that is not asked often enough, but if it were, I’m betting a lot of meetings would never be scheduled at all, and the regular weekly meeting would become a rare occurrence. This does not mean that your team can’t communicate and collaborate effectively, but instead of gathering together in the staff room, or dialing in to the conference call for a traditional meeting, use tools and services that allow for asynchronous dispensing of information, project management, document sharing and group or individual communications. I’m partial to Basecamp but there are many similar tools available, including Trello, and Asana, and there are experts who have done comparison studies for you to help you decide which is right for you.

If you really must have meetings, make them as efficient as possible. Here are a few ideas that don’t cost much more that making smart choices and changing some behavior, but they will go a long way to insuring that the meetings you can’t avoid are meetings that are worth the time.

  1. Make them Convenient: A lot of the inefficiency of scheduled meetings is connected to getting everyone together in one place. We mentioned conference calling, and effective meetings can be held with video conferencing tools like GoToMeeting, WebEx and others, and again, these tools have been compared and evaluated nearly ad nauseum to help you make decisions about which would work best for your group. Another consideration is where people are coming from – often the meeting is held for the convenience of the boss, but what if the ideal meeting place is somewhere else, equally convenient to all? In case you wondered, yes you can find this online with tools like “Let’s Meet in the Middle“.
  2. Have Shorter Meetings: – gathering for a short, but efficient Status Update meeting is often better than sitting down for a long slog. For various reasons, including our inherent lack of long attention spans, short structured meetings are usually best. Like 15 minutes maybe. …
  3. “Right Size” your Group: In most cases, this means “invite fewer people” (but invite the right people) Most meetings require fewer, rather than more people to accomplish their purpose(s). Often the guest list gets longer than needed because people don’t want to feel left out. This strategy has the added value of making it easier to find a time when all participants can meet – the fewer number of invitees, the more likely it is you can schedule your meeting in a prompt and timely manner.
  4. Have an Agenda: Short or long, in person or dialing in, it’s a bad idea to ever have a meeting that doesn’t have an agenda. Writing out an agenda for your meeting in advance alerts all participants to the topics, goals, objectives and actions planned for the meeting. This in turn allows meeting attendees to come prepared. When you know what is going to be discussed, you can be better prepared to be an active member of the discussion. If additional assets (documents, reports, etc.) are necessary, they will be brought to the meeting and interruptions to “go fetch” will become unnecessary. By estimating reasonable, but effectively short time frames for each agenda item you will also be able to…

Trust me, I could go on and on about this topic, but then the point of it all is using your time effectively, so let’s just stop here for now and wish you luck for you next meeting, and all those that come beyond it.

The Wonderous Internet

Despite the fact that we now have an entire generation of adults who have always known of the Internet, I am not one of them. I still remember the very early days of dial-up modems and the introduction of web browsers, and the seemingly remarkable things that were suddenly available, literally at your keyboard-tapping fingertips.

It takes more to wow me now, so much online business is ordinary, usual, expected. But I’m still finding the capacity to be delighted from time to time by something I stumble across. I hope my younger colleagues find this to be true as well.

Today I want to share with you a few (well, nine of course!) things I’ve come across online that I have found unexpectedly cool, and I know that word “cool” dates me too. I hope  you like these.

I want to give credit to Mitch Joel at Six Pixels of Separation, and his buddies Alistair Croll and Hugh McGuire, who have a weekly link exchange/round-robin that is the source for some, although not all of these links. You could do far worse than following Mitch in the future, his group always comes up with some very interesting stuff.

Perhaps you will be interested in the Emotive Modeler, a CAD/design too that takes in descriptive adjectives, and spits out 3D models based on its interpretation of these emotionally charged words. Some odd and interesting shapes here, but I must say most of them make sense.

Going beyond (way beyond) Alexa, You can learn how your BRFF – best robot friend forever – is going to be able to talk to you in a way that will make you feel like, well like he or she is a real person by studying WaveNet. Listen to the demonstrations in the bottom half of the article – amazing!

Nerds of the World (aren’t we all a bit nerdy now?)! Where is a great place to see a Lightsaber Duel? At the Fencing World Championship of course. The force was definitely with the combatants.

You too can write like the President! The new Tiny Hands font may become everyone’s favorite, if the boss has his way!

What would it look like if you took a single exposure that encapsulated every frame of a movie? Do you think you can guess what these movies are on Jason Shulman’s “Photographs of Films” page? See if you can pick out The Wizard of Oz, or 2001, A Space Odyssey.

Who are these Venture Capitalists? For in-depth insight into the people that are in charge of huge pots of money, you have to see The Future List. Don’t forget to drill down deep into each company. Maybe you’ll find that guy you used to make fun of in 7th grade on one of the lists.

Are you aware of the Hidden Cultures on the Internet, like Witch House or Health Goth? Truly, there must be something for everyone online. SMH.

There should be a site like this for every city. The Mapping London Blog will show you more ways to look at this venerable city than you can imagine. Want to see the distribution of surnames in London? We got that! How about all of the Tube routes, expressed as strings of Christmas lights? No Problem. All of the locations mentioned in John Le Carre’s spy novels? Yep. What a treasure.

I hope you find some of these gems as interesting as I did, and if you want to see more articles like this, let me know.

Going Viral

Good morning! It’s flu season, so what better time to bring up the idea of “going viral”? See what I did there?

Anyway, the statement is apt, since the concept of going viral, meaning that something you post online (usually a video, but could include a photo, a manifesto, an app, or even a conspiracy theory) is passed around and shared by enough people that in a relatively short period of time, which could range from a day or two or a couple of months depending on who you talk to, a relatively large number of people (usually 1,000,000 is considered a threshold, perhaps hearkening to the days of the Gold and Platinum Record certifications) have seen it, heard it, watched it, or read it.

On the internet, the idea of going viral is most often connected with videos. There may be some debate about this (hey, debate is healthy) but the first viral video was considered to be “Lazy Sunday” which was a sketch performed on Saturday Night Live in December 2005. After being posted on YouTube, it was seen by over 5 million people, before NBC claimed copyright and made them take it down. Luckily, you can watch it here on the NBC website.

Although a lot of us tend to think that viral videos are usually associated with dancing babies, or children still dopey from a dentist visit, there have been many viral videos that are far more meaningful. In fact, the “most viral video” award probably goes to “Invisible Children” a 2012 video detailing the plight of imprisoned and exploited children in Uganda. It has been viewed over 100 million times.

Going viral may bring fame, and it can bring fortune as well. Monetizing content can happen in many ways, including through ad placements associated with the content, licensing its use to others, and merchandising. Even without a cash flow, a viral product will draw attention to the person, product or organization with which it is associated, and this can be worth its weight in gold.

Because of the utility of going viral, a lot of advice has appeared online purporting to give you a leg up on making your own content viral. For example, according to the ProBlogger Podcast, you can use a handy tool to take a blog post and turn it into a Facebook video that’s sure to be seen by the masses. Or, by following this step-by-step guide, you can make your visual storytelling go viral in no time.

Of course, some may argue that if the experts who advise us on how to get our content to go viral are so sure of their methods, why haven’t they figured out how to use their own tips to their own advantage. Kind of like the people who travel the country giving webinars on how to make killer apps or penetrate the mysteries of personal investing (or for that matter setting up universities to teach real estate tricks, like one celebrity did awhile back). If they know so much about how I can make money following their instructions, why are they wasting time putting on seminars? I can’t answer this question, but while you ponder it, I’d love for you to look at this compilation of great cat videos. Enjoy!

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