How Blockchain Applications Will Move Beyond Finance

In their seminal work on the theory of the firm, Michael Jensen and William Meckling defined the firm as a “nexus of contracts” — the idea that firms are nothing more than a collection of contracts between various parties, such as employees, customers, and shareholders. Cryptocurrencies may one day enable a completely new type of organization by allowing us to securely transfer value and allocate resources through smart contracts. Whereas this new type of organization may achieve the speed and efficiency of

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Are You The Point Of Inflection?

Barry McCarthy, Netflix’s former chief financial officer, said in an interview with the Unofficial Stanford blog in 2008, “I remembered getting on a plane, I think sometime in 2000, with Reed [Hastings] and [Netflix co-founder] Marc Randolph and flying down to Dallas, Texas and meeting with John Antioco. Reed had the chutzpah to propose to them that we run their brand online and that they run [our] brand in the stores and they just about laughed us out of their office. At least initially, they thought we were a very small niche business. Gradually over time, as we grew our market, his thinking evolved but initially they ignored us and that was much to our advantage.” …

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Navigating Change

00:01 change it doesn’t call ahead it doesn’t
00:05 send a memo on how it plans to change
00:07 your business it comes out of nowhere
00:08 and leaves you in chaos but before its
00:12 arrival it sends millions of tiny
00:14 messages numbers trends data find the
00:19 clues see the patterns and change the
00:22 fortunes of your business

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IBM Watson enters ‘Big Four’ accounting firm duel for A.I. dominance – New York Business Journal

In July 2014, the American Institute of CPAs (AICPA) published results of a survey which found that 85 percent of CPAs expected an increase in the amount of time they spend on electronic data analysis in the “near” future, according to an Accounting Web report. A quarter of the 180 CPAs surveyed listed big-data analysis as one of the top industry challenges in the future and 20 percent listed increased complexity and scrutiny in engagements.

Source: IBM Watson enters ‘Big Four’ accounting firm duel for A.I. dominance – New York Business Journal

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