The Reality About Blockchain
They will be strongest when tied to a new business mannequin in which the logic of value creation and capture departs from existing approaches. Such business models are hard to adopt but can unlock future growth for corporations. We’ve developed a framework that maps innovations towards these two contextual dimensions, dividing them into quadrants. (See the exhibit “How Foundational Technologies Take Hold.”) Each quadrant represents a stage of know-how improvement. Identifying which one a blockchain innovation falls into will help executives perceive the kinds of challenges it presents, the level of collaboration and consensus it needs, and the legislative and regulatory efforts it will require. The map will also counsel what kind of processes and infrastructure have to be established to facilitate the innovation’s adoption. They were used as either blank tapes that could be recorded onto or as pre-recorded cassettes of music albums. Cassettes could additionally be used to store di