Blockchain, trust and the potential to transform
Philip Evans and some of his colleagues have written a “strategic perspective” on blockchain and what it could mean for a broad spectrum of businesses in a recent BCG publication.
Rather than focusing on the contemporary digital currency (Bitcoin), this extensive article looks at the underlying technologies and their potential to unlock radical disruptions in business models in the future.
We are particularly interested in the way the authors frame their analysis, starting with the economics of transaction costs and trust. These issues are also critical to the Economics of Mutuality.
Digital tokens such as bitcoin waste storage in massively duplicative blockchains to create virtual continuity. Continuity permits identity of both things and people…. It therefore permits transactions—transfers of property. It permits trust.”
We encourage you explore the article and share your own thoughts on how these technologies may advance a more mutual economic system – or not.