Blockchain, Metric Engines and the Coming Social Commerce Platform

In many of my earliest videos (and actually in a monograph I’ve written) I’ve proposed that the next evolution in structured data analysis is like a search engine, but one which performs calculations, which creates metrics: a Metric Engine. Each URL in a search engine is more like a “transaction” than a balance. Search engines do not calculate balances. If they show a balance, it … Continue reading Blockchain, Metric Engines and the Coming Social Commerce Platform

Analytics, Blockchain and the Coming Social Commerce Platform

This week’s episode points out that Analytical processes start with balances. We don’t open a bank statement and look at transactions, and ATM’s don’t have menu options that show us the last 300 transactions: we start with a balance. Blockchain does not really solve posting problems, which are at the heart of analytical needs for the coming social banking/commerce platforms. Posting turns transactions into balances, … Continue reading Analytics, Blockchain and the Coming Social Commerce Platform

Blockchain and the Next Generation ERP Systems

This week’s episode of my vlog discusses how Blockchain functionality may help us envision what the next generation of ERP systems may look like. Blockchain can be applied to any type of transaction data that is shared by multiple parties. Many transactions today in ERP systems do not involve exchange of currency; they are steps preparing to exchange currency, like purchase orders, shipping bills of … Continue reading Blockchain and the Next Generation ERP Systems

Financial Transactions in the Coming Social Commerce Platform

This week’s episode of my vlog notes that all financial analytics begin with understanding balances; in very few cases do we go looking for a transaction. Rather, we first want to understand what our position is, and then we want to take action based upon it. In the coming social banking or social commerce platform we’ll first see balances, then allow for us to decide … Continue reading Financial Transactions in the Coming Social Commerce Platform