Machiel sees blockchain technology as a pivotal element in process optimization through innovation, shaping the new digital economy – the economy of things.. The “Economy of Things is an ecosystem of connected devices or agents that can interact and communicate with each other, trade and transact autonomously in a decentralized environment.” The three pivotal technologies that drive the engine of this new movement are IoT, AI and Blockchain.
This movement of innovation necessitates a holistic approach to process design challenges, what Machiel refers to as lean system thinking. Through lean system thinking, we discover how to reorganize value streams within a network of participants. The traditional company-centric model is no longer the focal point for improvement. The objective is to construct thriving and enduring ecosystems with an emphasis on valuable interactions. Similar to how the internet revolutionized information interactions, blockchain is poised to bring about a comparable transformation in value streams.”