In last week’s article on the Blockchain Expo in London, I pointed out that many blockchain-based endeavors struggle to find a rational business model.
In fact, blockchain’s decentralized nature presents many entrepreneurs with a difficult choice: build a decentralized system but forego a solid revenue stream, or create a centralized business model that leads to real profits but avoids the very aspect of blockchain that makes it so disruptive.
Fortunately, there is a happy medium: generally decentralized efforts that retain some centralized component that affords the creator of the platform with a mechanism for collecting transaction fees or otherwise cash in on their efforts.
In fact, while blockchain is still largely in the proof of concept phase, the hotbed of innovation that is the blockchain community is shaking loose a number of disruptive, yet rational business models – rational in the sense that they offer a solution to a business problem that customers will pay for.
The variety of such blockchain businesses with paths to profitability is striking. In addition to the two such vendors in last week’s article, here are four more that illustrate breadth of innovation the blockchain marketplace is bringing to potentially profitable business ideas.
Read the entire article at https://www.forbes.com/sites/jasonbloomberg/2018/04/23/how-to-make-money-with-blockchain-despite-the-hype/.
Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, Microsoft is an Intellyx customer. None of the other organizations mentioned in this article are Intellyx customers. The author does not own, nor does he intend to own, any cryptocurrency. Image credit: Jason Bloomberg.
