Firms need business model change, not blockchain

“When you have a technology in search of a use, you end up with the crap that we see out there in the enterprise today.”

“When you have a technology in search of a use, you end up with the crap that we see out there in the enterprise today.”

It wasn’t the internet that transformed retail or music. It wasn’t the smartphone that created Uber. Instead, it took business model change which exploited new technologies. In retail, it was the Amazon business model of one-click checkout, marketplace and next-day delivery. In music, it was the iTunes model of unbundling music to let us buy indivi... See more

The platform modelThe platform model is somewhat of an anomaly in this list since it is essentially a scale play. However, it is likely to be an enduring model since:1/ it is underpinned by strong network effects in a way that the universal banking model isn’t;2/ it is often executed as part of an unscaled holding company strategy (see later); and,... See more