Posts Tagged ‘business model’
A Former Blockchain Believer Explains Why It Will Never Benefit Corporations – Bloomberg
On this week’s episode of Odd Lots we speak to Angus Champion de Crespigny, who formerly advised companies on how to use blockchain technology, but who now believes that ultimately it won’t get them anywhere. In our discussion, he explains the limitations of the technology, and where he sees actual opportunities.
Why Blockchain May Never Benefit Corporations by Odd Lots
Why Blockchain May Never Benefit Corporations
As someone who’s been involved in both public and private blockchain development, there is an element of truth to Angus’ statements. But advisors at various projects probably said the same of Electronic Data Interchange (EDI) back in the early 70s, if they were born yet 🙂
Enterprise/private blockchain is EDI, re-architected.
— Steven
Source: A Former Blockchain Believer Explains Why It Will Never Benefit Corporations – Bloomberg, Joe Weisenthal and Tracy Alloway, November 19, 2018
Read MoreBlockchain Business Series: Blockchain Model Risk Framework – BMRF | LinkedIn
“When things go wrong, consequences can be severe. With digitization and automation, more models are being integrated into business processes, exposing institutions to greater model risk and consequent operational losses. The risk lies equally in defective models and model misuse.”
Source: Blockchain Business Series: Blockchain Model Risk Framework – BMRF | LinkedIn, Nitin Gaur, October 27, 2018
Read MoreTop 10 New Blockchain Companies To Watch For In 2018 | Forbes
thousands of innovative companies around the world are trying to solve market inefficiencies by leveraging the benefits that blockchain technology provides. These companies can be found in every industry, from content creation and transportation to financial services.The blockchain ecosystem flourishes due to tokenized economies, developers, service providers and entrepreneurs who are breaking the mold. Here are 10 companies on my radar using blockchain technology as a core piece of their business to make a difference.
Source: Top 10 New Blockchain Companies To Watch For In 2018, Andrew Rossow, July 10, 2018
Read MoreSome Simple Economics of the Blockchain by Christian Catalini, Joshua S. Gans :: SSRN
They also challenge the existing revenue models and accumulated knowledge and resources of incumbents, and open opportunities for new approaches
Source: Some Simple Economics of the Blockchain by Christian Catalini, Joshua S. Gans :: SSRN, Christian Catalini & Joshua S. Gans, Written: Nov 2016. Last revised: 21 Sep 2017
Read MoreShipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune
Presently, many shipping supply chains are bogged down by a morass of paperwork shuffled between a glut of middlemen, Wieck says. Documentation, which when lost or delayed causes perishable goods lying in wait to spoil, can end up costing as much as a fifth of the total expense of physical transportation.
According to a 2013 study by the World Economic Forum, reducing the friction around information-sharing and border administration when it comes to international trade “could increase GDP by nearly 5% and trade by 15%”—a boost that amounts to trillions of dollars.
Source: Shipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune, Robert Hackett, January 16, 2018
Read MoreBitcoin Ethereum: How Blockchain Tech Is Revolutionizing Business | Fortune
One day last December, Frank Yiannas went to a Walmart store near company headquarters in Fayetteville, Ark., and picked up a package of sliced mangoes. Yiannas is Walmart’s vice president of food safety, and the fruit was part of a crucial experiment. He brought the mangoes back to his office, placed the container on a…
Read MoreWhy Blockchain Will Change Everything | Fortune
Read MoreFrom insurance to airplane manufacturing, to tracking a fruit’s shipping history.
How the World’s Oldest Company Reinvented Itself | HBR
On a larger scale, the Pathbuilder group supported Stora Enso’s transformation into a global renewable materials company. In 2006, 70% of revenues and 60% of the company’s profits still came from paper; today the new growth businesses contribute 67% of sales and 76% of profits. Since 2011 the share price has more than doubled. The culture is also evolving and improving, as evidenced by an annual survey that tracks the main levers for the transformation, including innovation and sustainability, leadership, team, and engagement.
Here’s how the Pathbuilder program succeeded — and how you can implement it at your company.
Source: How the World’s Oldest Company Reinvented Itself | HBR, Albrecht Enders and Lars Haggstrom, January 30, 2018
Read MoreHow To Avoid Disruption | LinkedIn
So, the key to surviving disruption is mastering the balance between structure and innovation. Between achieving results and finding new opportunities.
It’s investing in innovation and opening your business to people with new ideas.
Source: How To Avoid Disruption | LinkedIn, James Caan, January 2, 2018
Read MoreWhat Successful Digital Transformations Have in Common | HBR
We found six important and statistically robust factors that predict the probability that an incumbent company will choose the path of being a reinventor. They are, in order of importance:
1. Obsess about turbulence on the horizon
2. Understand all risks, not only those from startups
3. Deliver a dual offensive: core and diversification
4. Fix leadership skills first
5. Prioritize demand-centered business play
6. Experiment with frontier technologies
Source: What Successful Digital Transformations Have in Common | HBR, Jacques Bughin & Tanguy Catlin, December 19, 2017
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