Firms need business model change, not blockchain

Pure Market Innovation For businesses that were once cash-only, Square provides credit card processing. Square was founded in 2009 and used a new combination of technologies to solve a problem, but it wasn't the technological innovation that Square used. Uber's technologies weren't new in 2009. They could have launched ten years ago. When it came t... See more

But at a more general level, whether the shift from enterprise to SaaS or the shift from listings to marketplaces to vertically integrated services. Our business models change as a function of the structure of their markets.

In fact, in his best-selling book Blockchain Revolution, Don Tapscott asks the question, ‘Why do you need a $60 billion company called Uber?’ when most of the process centralised by Uber could be automated, reducing the costs for upkeep of the platform and making it easier for drivers to create their own platforms?