IBM - China Pharma Blockchain Solution

http://www.newsbtc.com/2017/04/11/ibm-china-pharma-blockchain/

http://www.coindesk.com/ibm-amps-china-blockchain-new-supply-chain/

Blockchain is an innovative disruptive technology.   Upside and downside impact of major sector benefit/detriment will result.  Blockchain introduces improved accountability and trust.  It cuts out or reduces layers and levels of accounting that become redundant or operate to the benefit of sub-optimizing profit for those that control an existing inefficient system, designed for the benefit of sub-optimizing sector at the expense of the greater good of the private and public economic system efficiency to fairly serve the general welfare as well as itself.

The USA is an excellent example of this sub-optimization by powerful self-interest entities.

The monetary system and banks.

The health system.

The governance system

etc.

Introduction of blockchain technology in the USA faces stiff resistance from the major special interest sectors in the USA.  Those whose bottom line will suffer when sub-optimization of their systems of operation and application are changed.

The USA is not the center of the world that all other countries revolve around.

China, the People's Republic,  has a different system.  One that is more oriented to the benefit of its population and their social welfare.

IBM is going to China to make money on blockchain technology.  It is easier and more profitable to do it there than here.  Sorry USA, its nothing personal, its just business.

After it works in China maybe it will work in the USA where we used to be the leader.

Ironic that so much of our manufacturing went to China to make money for domestic big business in our domestic market.

Some of our Big Business in the tech sector is going to a foreign market like China to sell and implement operating systems and application programs to the benefit of a foreign population.

Big business, like IBM, wants to make money.  Why attempt to introduce new innovative technology to better serve the general welfare in our free enterprise system when protecting the turf of domain sectors to produce profit depends on the continuation of legacy inefficiency.  Inefficiency intentionally built into the their business model operating systems and application programs.

It is just to hard in the USA to change the Big Business, Big Money in bed with a paid for government that serves them and their profit so well.

It is easier to introduce new technology that displaces old systems that deserve to die by change in a country other than the USA.

Our Health Care system is an example of a domestic system that is unique in the world that deserve to die with a stake in its heart but will not until the self-interest control of the system by sub-optimize, self serving profit seeking legacy systems are pried from their cold dead hands.

Note:  China has designated the island of Hainan to become a medical tourism center as well as medical RandD center.
http://boingboing.net/2017/04/03/the-vats-of-chiba.html

More China blockchain;
http://www.scmp.com/tech/china-tech/article/2086449/alibaba-affiliate-ant-financial-accelerate-blockchain-initiatives
Worth a blog entry of its own.

See next blog entry