Three ways blockchain disrupts traditional business models

Three ways blockchain disrupts traditional business models

An essential component in business is adapting to technological trends and providing the best possible services for customers. This is known as providing a customer-centric experience. Examples of adapting technology and focusing on customer-centric experiences are shown through Walmart and Amazon. These businesses traded at $400B (Walmart) and $24B (Amazon) as of 2010. As e-commerce and digital technology grew, the revenue of Walmart grew to $576B and Amazon $477B in March and April 2022. However, as with e-commerce improving traditional business, cryptocurrency and blockchain have the....


Related News

PwC Report: While Fintech Disrupts Banks, the Blockchain Disrupts Fintech

A new report from PwC claims that 83 percent of financial services companies believe specific aspects of their businesses are at risk to various fintech startups, with the number of worried management-level professionals reaching 95 percent in the banking sector. The PwC report is based on a survey of 544 CEOs, heads of innovation, chief information officers, and top management personnel in financial services companies from 46 countries around the world. While traditional financial services companies believe fintech startups could take hold of 23 percent of their business, the fintech....

European Parliament Event Explores Coding Regulation into Blockchain

There is tension today between "rule of law" and "rule of code" as technology disrupts traditional ways of working. So said Pindar Wong, chairman of financial tech consultancy VeriFi (Hong Kong), during remarks at a European Parliament event on the subject of blockchain technology in Brussels today. The informal event brought together a range of experts and stakeholders from both the bitcoin and blockchain industry, as well as government representatives, to investigate the topic. The gathering was hosted by MEP Marietje Schaake of the Netherlands, in cooperation with COALA (Coalition of....

Blockchain Panel Draws Capacity Crowd at Finnovasia

A blockchain-focused panel at Finnovasia yesterday drew so many interested FinTech professionals extra chairs needed to be brought into the auditorium. The panel session at the Hong Kong conference centered on how blockchain is changing banking in Asia, with the audience there to hear insights from UBS Asia-Pacific CTO Peter Stephens. BitSpark CEO George Harrap; and ANX CTO Hugh Madden, among other industry participants. Amongst the assembled panelists it was perhaps Stephens that drew the most attention from Finnovasia's attendees for his insights into how the financial services firm is....

PARSIQ Becomes the First Decentralized SaaS Project Utilizing IQ Protocol

The ability for companies to create their business models by issuing tokens is advancing the FinTech industry as we know it. Tokenomics, or the token economics behind these blockchain-based assets, are completely redefining the way companies fundraise and implement business models. However, this evolution has also brought about complex regulatory, economical and technical challenges that […]

Deutsche Bank: Blockchain Can Help Banks Defend Business Models

Banks should seek to leverage blockchain technologies as part of a bid to defend their business models from disruption, Deutsche Bank Research suggested in a recent post online. Entitled "Blockchain - attack is probably the best form of defence", the post discusses bitcoin and blockchain and its implications for major banks broadly, calling the technology "one of the first truly disruptive ideas from the FinTech sector". Author Thomas Dapp goes on to discuss his view that the true power behind bitcoin and the blockchain lies in its application of peer-to-peer (P2P) technology to the....