Hundreds of thousands of roles that once required daily physical presence at desks in headquarter buildings may now be performed by employees staying at home
Around the world, home offices are supplanting head offices, while other companies have satellite offices with no appointed base offices. with their laptops, sitting in airplanes with their phones, or even resting on beaches with their tablets. As technology advances, these practices will become ever more familiar; in some industries, working remotely may become the new standard.
Binance is one of the world’s largest and most important blockchain companies. However, anyone looking for a “center” to the company will be disappointed, as the firm’s executives have created an office and a business structure that mirrors the dynamism of the new technology that they promote. Binance team members collaborate across time zones and oceans.
I won’t claim that running a globally “distributed” company is without its challenges. Assembling everyone for a meeting takes some effort, and contributors may wish to see each other in person more often than they do. However, I believe that the rewards far outweigh the occasional frustrations.
A central tenet of blockchain design is that all of a network’s nodes must reach “consensus” and agree on the information that they record. In a “hub-and-spoke” setup, it’s very easy to achieve an artificial consensus; if the head office proposes an idea, the satellites will tend to approve it and stay silent about their own ideas. In a office with remote workers, however, this temptation disappears, and all employees, wherever they might be based, believe that they can be leaders.
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