– True blockchain-led transformation of business and government, we believe, is still many years away. That’s because blockchain is not a “disruptive” technology, which can attack a traditional business model with a lower-cost solution and overtake incumbent firms quickly. Blockchain is a foundational technology: It has the potential to create new foundations for our economic and social systems. But while the impact will be enormous, it will take decades for blockchain to seep into our economic and social infrastructure. The process of adoption will be gradual and steady, not sudden, as waves of technological and institutional change gain momentum. That insight and its strategic implications are what we’ll explore in this article.
– In order to look forward it may help to look at the past and how we’ve adopted technology. Relying on broad internet connectivity, the next wave of companies created novel, transformative applications that fundamentally changed the way businesses created and captured value. These companies were built on a new peer-to-peer architecture and generated value by coordinating distributed networks of users. Think of how eBay changed online retail through auctions, Napster changed the music industry, Skype changed telecommunications, and Google, which exploited user-generated links to provide more relevant results, changed web search. Ultimately, it took more than 30 years for TCP/IP (the foundation for this technology) to move through all the phases—single use, localized use, substitution, and transformation—and reshape the economy.

source

6 COMMENTS

  1. Dropping that Rothschild knowledge. They don't value money they just make it to trade for the the thijngs they can't take or make themselves such as land, resources, assets and obedience… the golden rule..
    EOS

  2. Cool man, I came back and watched it after today's mention, in your current vid, Coincidentally I bought into embers around this time this video was published. Only a small amount I just thought it was interesting in the way it was pitching to creatives. I believe it is in some kind of partnership with lampix now.

  3. What is your prediction on 1 August, I will buy some altcoins and hope the price will decrease but it seems that the price already skyrocket…I know knowone knows what is going to happen but I would appreciate your opinion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here