You know those days you never forget? Among all the days of mundane chores and repetitive work tasks, some days stick out as being special beyond belief. Such days usually feature big, momentous occasions like the birth of a child or the launch of a successful business. Days you never forget. They remind you why life is worth living. They prove to you that you’ve chosen to take the right journey.
May of 2021 included one of those very special, unforgettable days for me. In December of the previous year, my publisher had mailed me a package containing several copies of my first book. A short six months later, I finally found that package on my doorstep!
Clutching the parcel close, I shimmied through my front door and inside the house, eager to open it up.
My children sat up straight, their eyes wide as they admired mum’s gentle touch and exuberant smile as I prepared to open the box. They were just as excited as I was to tear the paper packaging apart and finally see, in real life, the books that lay inside. With an enthusiastic drum roll that soon erupted into an uncontrollable uproar from all of us, I tore the parcel open and gazed down at the shiny paperback covers of my book.
There lay three pristine copies of my book, “Blockchain Value, Transforming Business Models, Society and Communities.” Printed on those crisp, clean pages was everything I once hadn’t known and have now learned. It’s the book I had needed when I first became curious about blockchain about five years ago. And it’s the book that I hope will help many others like me — people who are stuck, trying to overcome the hurdles I once faced.
The focus of the book is blockchain applications. Blockchain technology, which underpins all cryptocurrencies, has great potential beyond just acting as a medium of exchange and the storage of value. Numerous emerging business models, including token economies, P2P, micro values, new asset creation, blockchain-based software, blockchain as a service (BaaS), and numerous others, are using blockchain technology in innovative ways that raise important ethical, legal, and societal issues.
The book investigates emerging blockchain business models and their implications on commerce, society, and laws. The development of these business models raises important questions that need careful analysis and pragmatic solutions. I interviewed CEOs, founders, and executives in roughly 10 industries that will be affected by blockchain’s imminent arrival, and, using real-life examples, I shared blockchain’s unique value propositions and developed a set of best practices for dealing with blockchain’s arrival in key industries.
It’s been quite a journey, but one for which I am eternally grateful, and the result is something I’m immensely proud to call my own. May of 2021 gave me the gift of a great day that I won’t ever forget. The pictures we took for social media after opening the parcel and the book that sits on the shelf are both testaments to my career journey and prove the potential for growth and achievement in this one-of-a-kind industry.
Olga V. Mack is the CEO of Parley Pro, a next-generation contract management company that has pioneered online negotiation technology. Olga embraces legal innovation and had dedicated her career to improving and shaping the future of law. She is convinced that the legal profession will emerge even stronger, more resilient, and more inclusive than before by embracing technology. Olga is also an award-winning general counsel, operations professional, startup advisor, public speaker, adjunct professor, and entrepreneur. She founded the Women Serve on Boards movement that advocates for women to participate on corporate boards of Fortune 500 companies. She authored Get on Board: Earning Your Ticket to a Corporate Board Seat and Fundamentals of Smart Contract Security. You can follow Olga on Twitter @olgavmack.