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Stephen Wise Blog

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Block chain distributed ledger

Block chain's great Promise

Middlemen are part of our daily lives. The great promise of block chain technology is eliminating the middleman. The original / most famous application of block chain is cryptocurrency, such as bitcoin. With no middleman, for example, with no bank to have to deal with, we could avoid those annoying fee’s and charges. Sounds great! Really? Who is going to do the work to provide a monthly statement of all your deposits and withdrawals? Who is going to do the work to lend money so you can buy a house or car, or pay for the hundreds of smaller purchases you make? Who am I going to call if I am having trouble logging in and can’t access my money? Who am I going to call if my bank engages in fraudulent activity?

Block chain's technology

Block chain uses crowd sourcing, massive computing resources, and math. The result is a process to allow us to exchange value directly with each other, without using a middle man. You might think we do this already. For example, if I make a deal with the neighbour to cut my grass for $25, you may think there is no middleman. But there is a middleman. I can’t pay unless I deposit my pay cheque and take out money from my middleman/bank. The promise of Block chain is that we can eliminate the middleman and instead of using a middleman/bank to keep track of our money, we will use the crowd to keep track of our money. The block chain response is something like, ‘Isn’t this going to be fantastic? We will deal direct with each other and rely on math and big computers as a proxy for trusting our bank/middleman’. This is not so fantastic. In the current models, we have no way to reverse a fraudulent transaction, no way to track money laundering, and no way to stop terrorist financing. Governments and banks aren’t going to hand over the keys to the economy so easily.

Peak frenzy

We are approaching block chain peak frenzy. I know because I failed my second-year statistics course but still read Satoshi Nakamoto’s paper on distributed databases, probability, and time-stamping. The trouble right now is the conversation is being dominated by charlatans jumping onto the next big thing. If not charlatans it is geniuses interested in the math, or disaffected folks interested in disrupting big corporations. Or, all the above.

Steve Jobs

Something big is happening but block chain is missing it’s Steve Jobs. I think block chain’s Steve jobs will emerge from Toronto, but that is for another article.

Spring is coming

Toronto is forecast to get "walloped" by a snow storm tomorrow. No-one in asking for more Winter. We are all done. Ready for the next season. Spring is coming and Summer is on the way too. For a few weeks at the end of Spring every year there are beautiful flowers that blossom on our walkway. I look forward to seeing them. However, I rarely stop and slow down to examine them. This past June I did slow down and attempted to capture their beauty with some photographs.Spring Flowers in Toronto 

Spring Flowers 1

Spring Flowers 2 in Toronto Spring Flowers 2

Spring Flowers 3 in Toronto Spring Flowers 3

Stephen Wise

http://www.IntegrationProfessionals.com/        

7 things to carry in your Project kit

Here are 7 things to keep on your person or nearby that will help you excel as a Project Manager. 1. White Board markers A magic device that propels a conversation and creates a record. 2. Wristwatch Place a wristwatch in front of you so you can keep your eye on the time so that the important items get covered and you end meetings on schedule.

Integration Professionals Project Kit 

Integration Professionals Project Kit

3. 2 kinds of Pain reliever - ASA and Ibuprofin Make a drawer in your desk available for your project team with necessities. Learned this one from a wedding planner. Could also include stain remover, candies, taxi chits. 4. Project contact list with email, phone, and mobile contacts Missing a team member?, late for a meeting?, need urgent help from an executive? – always carry a printout of your contact list with email and phone info. 5. Project Issue / Risk log , Schedule, Change Log, and Budget Summary Some people like to carry around a complete Project binder. I’ve boiled it down to a few key items that I update periodically – the purpose to have written notes to be able to give unplanned “hallway” updates if you bump into an important stakeholder. 6. Post-it notes and Black Sharpie markers See number one above and add steroids. Get all meeting participants working on a plan, issue, or risk concurrently, if appropriate. Keep one idea per note. Print in large block letters. Post on wall and re-arrange to suit. Use a camera phone to snap the results. 7. Coffee-cards for instant recognition Giving out $5 coffee cards just to recognize folks for attending a meeting smacks of desperation – but it is still appreciated. What items should be added to the list? Add your ideas by replying below. 

Stephen Wise

  http://www.IntegrationProfessionals.com/

The most powerful leadership skill an expert Project Manager needs for success

No one can be an expert in all fields. A Project Manager is a skilled expert on leading teams to initiate, plan, execute and close projects. These are among the most important skills, but not the most powerful. If you aren’t feeling well you go to see your General Practitioner (GP). Your GP understands the big picture and upon identifying a specific issue or risk with your health may refer you to a specialist. In this analogy the GP is like a Project Manager – they do not need to be an expert in every field and one difference between okay GP’s and excellent GP’s is the speed and quality and follow-up related to the referral. All Project Managers will tell you that the most commonly used skill on a project is communication. However, neither communication nor planning are the most powerful skills in the arsenal. The true multiplier, the most powerful skill, is the ability to learn from others. The ability to learn from others enables the PM to absorb the nuances of the culture, mitigate the hidden risks of the processes, and allow for the complexity of the technology. When a diverse project team gets together it doesn’t matter who is the smartest or most senior in the room. What matters is learning from everyone’s skills and experience and channeling that back to the team so the whole is greater than the sum. The most powerful leadership skill is the ability to apply the greater whole in order to reach the objectives of the project quicker and with less risk of failure.

Stephen Wise

https://www.IntegrationProfessionals.com 

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