Michael Page Logo

Language

  • Türkçe

Main menu

  • Home
  • Candidates+

    Searching for a job?

    • Job Search
    • Job Search
    • Submit your CV
    • Find a Job through Mypage
    • Join PageGroup
    • Join our Shared Services Centre

    Career advice

    • Career Advice
    • Job search
    • CV and cover letter
    • Interview
    • Career development
    • Work-life balance

    Search for Jobs

  • Employers+

    Looking to hire?

    • Looking to hire?
    • Our sourcing methodology
    • Reasons to partner with Michael Page
    • Management Advice

    Submit a job spec

    Our expertise

    • Our expertise
    • Banking & Financial Services
    • Buying, Merchandising & Design
    • Energy, Oil & Gas
    • Engineering & Manufacturing
    • Executive Assistants & Office Management
    • Finance
    • Healthcare & Life Sciences
    • Human Resources
    • Procurement & Supply Chain
    • Retail
    • Sales & Marketing
    • Technology
  • Insights & Advice+

    Career advice

    • Career advice
    • Job search
    • CV and cover letter
    • Interview
    • Career development
    • Work-life balance

    Management advice

    • Management advice
    • Engagement and retention
    • Staff development
    • Leadership
    • Recruitment
    tfoh-image

    News & Insights

    • News & Insights
    • Market Updates
    • Studies
    • Media Releases
    • Trend Watch
  • About us+

    About us

    • About us
    • Page Executive
    • PageGroup
    • Join PageGroup
    • Discover our Barcelona Shared Services Centre
    • 10 Years Together With You
    Join PageGroup
  • Contact us+

    Contact us

    • Looking to hire?
    • Looking to hire?
    • Submit your CV
    • Feedback
Register / Sign In
Saved jobs (0)

Language

  • Türkçe
Saved jobs (0)
Register / Sign In
Register / Sign In
Search for a job

 

We are maintaining our support to you in these extraordinary times. Read more

 

You are here

Home>News & Insights>Studies>What is the future of work?>The unbreakable blockchain

study

  • News & Insights
    • Studies
      • CFO Insights
      • Job Confidence Index
      • Michael Page Salary Surveys
      • Trend Watch
      • What is the future of work?
        • Augmenting the reality of business
        • Bio-hacking: going “beyond human”
        • Emotional AI: towards engineered empathy
        • Liquid Skills
        • The unbreakable blockchain
        • Welcome to the CV of the Future
        • The impact of robots on jobs
    • Market Updates
    • Media Releases

 

Submit your CV
Are you hiring?

About the study



Michael Page partnered with trends forecasters Foresight Factory to examine trends shaping tomorrow’s workplace. Through an analysis of these trends and with the input of our expert recruitment consultants, we predict what these trends will soon mean for the skills required in roles across key job sectors.

You are here

Home>News & Insights>Studies>What is the future of work?>The unbreakable blockchain

The unbreakable blockchain

Blockchain is held by many as the single biggest breakthrough since the arrival of the internet. But what exactly is it?
 
Imagine a long record of data duplicated across millions of machines and maintained day and night by them. There is no longer any need to depend on a bank to check how much money you have, or who you sent it to. Blockchain promises to do this quicker, cheaper and more accurately than ever before. Tech innovators from data services to supply chains are being inspired to explore its potential, as are independent content creators like artists and musicians. At its core, blockchain has a very simple premise: there are new ways to be certain of things - new ways to store information, new ways to authenticate processes, and do it more securely than ever before.
 

 

The empowered gig economy

 
In a society in which trust in traditional sources of authority is suffering, new routes to commercial truth and trust building are gaining in popularity. Blockchain heralds a future in which truth is tangible and mechanised, creating new relationships between organisations, employees and customers.
 
The ability of smart contracts to enable a pay-as-you-go revolution will further empower the so-called “gig economy” where freelancers only clocks working hours when there is consumer demand. If you can wake up, enable a smart contract to monitor your work for the day, based on your specific skill set, then why would you tie yourself to a single employer?
 
The economy generated by short term contracts and freelancers increased everywhere in the last 10 years, in the US it even increased with 50% (research by L.Katz and A.Krueger, 2016). The strongest cited motivations to join the gig economy are the ability to work flexibility and maintain a work-life balance.
 

Contracts to cut out the middleman

 
In a handful of years, we may look back and think that blockchain was the beginning of a data revolution. Its long-term impact on the future workforce is set to be profound.
 
EOS, founded in 2017, is an operating system in which multiple applications can be activated through the use of smart contracts, which self-execute according to a pre-determined code. Lawyers are likely to be under pressure from programmers to use them. Data-driven contracts will start to rely on algorithms rather than people.
 
The ability to keep a record of activity transparently and securely will lend itself to a world in which intermediaries are under increasing pressure to show their value. Verifying information and being the trusted intermediary will become increasingly obsolete with the proliferation of blockchain. Peer-to-peer relationships will no longer be as risky as they currently can be on the internet.
 
Steemit is a social network built using blockchain. Content providers to the network are rewarded “tokens” for creating content on it. The token structure of companies can dictate the revenue of the value creators, allowing people to earn a living in a peer-to-peer environment, without the mediation of a corporation.
 

Embedded transparency

 
Programming will be an increasingly important skill set in blockchain based services. Code will win arguments and be fed into blockchain without the need for any discussion or in-person decision-making procedure.
 
Already used across a number of industries, Project Provenance Ltd uses blockchain to create a system that anyone can use to guarantee the provenance of anything from coffee beans to a roll of fabric. The transparency embedded in blockchain solutions such as this means that companies are kept to a higher degree of accountability for their practices.
 
New corporate structures will appear that seek seamlessness between the value creator and the beneficiaries of that value. Using token structures, people will have an unprecedented ability to be their own boss. Imagine an Uber owned and run by the drivers.
 
Everledger is a fraud detection system for the diamond trading industry. By putting smart contracts onto a distributed ledger the provenance and history of the product are guaranteed, preventing fraud and illicit trading. Accountability like this will allow prospective employees to see a company as it really is, not just the image they wish to project. Reputation will become an even more essential tool in attracting talent.

 

Michael Page Logo
  • Follow us on LinkedInFollow us on LinkedIn
  • Follow us on FacebookFollow us on Facebook
  • Follow us on InstagramFollow us on Instagram
  • YoutubeYoutube

Main footer

  • Site map
  • Privacy policy
  • Accessibility
  • Feedback
  • Country/Region

Our Expertise

  • Audit & Advisory
  • Banking & Financial Services
  • Buying, Merchandising & Design
  • Consultancy, Strategy & Change
  • Digital
  • Engineering & Manufacturing
  • Finance & Accounting
  • Healthcare & Life Sciences
  • Hospitality & Leisure
  • Human Resources
  • Information Technology
  • Insurance
  • Legal
  • Logistics, Procurement & Supply Chain
  • Marketing & Agency
  • Page Executive
  • Retail
  • Sales
  • Secretarial & Business Support

Employer Centre

  • Submit a job spec

About Michael Page

  • Corporate site
  • Investors site
 
Michael Page International is the Recruitment office with license number 296 dated 18/06/2020 under the supervision of İşkur. Turkey Business Council No. 4904 in accordance with the law, is prohibited fees from job seekers. Michael Page International Ltd. Şti., Büyükdere Cad. Kanyon Office Building No: 185 Kat: 21, 34394 Levent-İstanbul, Zincirlikuyu VD 6210443104
, , ,