Private Blockchains

Simply, Blockchain takes us away from a Client-Server paradigm to a Peer to Peer paradigm. As a result, several major computing problems are solved: A) fault tolerance, B) homogeneous interoperability, C) provenance and security, D) privacy, censorship elimination and E) costly middlemen. 

Ignore the significant hype around crypto-currencies. Focus on how blockchain can be used privately in your organization to increase efficieny internally and to securely increase interfacing with your business partners externally. 

Think of it like this. Your business is your neighborhood (private blockchain). Surface roads connect you to most neighbors (permission-based private blockchain). Major highways (the Public Blockchain) connect you to the world.

infrastructure changes things

About every 10 years in computing technology another innovation takes control of the future. In the early 1980's, Intel's CPU's and Microsoft's OS kickstarted the PC revolution. Then about 1987, Novell brought us computer networks. This enabled the beginning of client-server interactions.

This trend accelerated with the advent of client-server computing using the World Wide Web in the 1990's, and even now. 10 years later, the clients became smart phones. The desktop PC had shrunk and grown legs! Now, in 2018, we have the next big change in architecture knocking at the door. It is BLOCKCHAIN. What is it and why will it dominate? 

Simply, it takes us away from a Client-Server paradigm to a Peer to Peer paradigm. As a result, several computing problems are solved: A) fault tolerance, B) homogeneous interoperability, C) provenance and security, D) privacy, censorship elimination and E) costly middlemen.