Exploring business models
A business model focuses on creating a structure that describes the flow of how an organization creates and captures value in a market.
In the context of a business network, it is interesting to look at the value chain and understand where that value originates. What makes a blockchain network so appealing from a financial perspective? Well, as we have seen in Chapter 1, Blockchain – An Enterprise and Industry Perspective, blockchain technologies offer an opportunity to solve the issues of time and trust, thereby reducing inefficiencies and operational costs.
Blockchain benefits
What types of benefits can come from addressing the issues of time and trust?
The benefit of time means reduced delays to settle a transaction. It means that by providing a shared replicated ledger made up of entries reached through a consensus, we can eliminate delays caused by each organization performing its validation.
The benefit of trust is that...