This is a read note of the book “The Real Business of Blockchain: How Leaders Can Create Value in a New Digital Age”。
Ch1-3: Real Value
In addition to operation optmization and productivity improvment, BC helps design new business relationship, actualized weak liquidation assets, reallocate data and value flow, and fundamentally change the way corporations participate in digital world. This is the reall business of BC.
You can do business with anyone unknown in the global without brokers. There are five key elments:
- distribution: independent nodes have replicaitons of ledger.
- encryption: secure, semi-annonymou data.
- immutable: data is digitally signed, time-stamped and added to ledger in order.
- tokenization: token represent physical assets.
- decentralization: nodes run consensus algorithm to validate and audit transactions.
Digital assets and digitized assests were not considered in business operation infrastructures such as payment system, insurance, logistic servies and legal contracts.
Business money, including data, permession, technology and contract, are controled by large firms.
In 2019, only 3% CIO implemented BC, 8% planned.
Stage 1, 2012-2020: innovative solutions with first three elements Stage 2, 2020-2025: complete solutions with all elements. Stage 3, after 2025: enhanced solutions. Self-sovereign identity (SSI) 私权身份 integrates with IoT and AI to execute smart contracts.
Smart things and autonomous agents have legal permit to make decision on production and consumption.
Digital capability is programmable capability. Governance strunture include centalization and decentralization. Two directions: centralized programmability, decentralized programmability.
Ch4-5: Tokenization and Decentralization
- fiat tokens
- process tokens
- complementary tokens
consensus driven, decentralized model. Key elements:
- 分布式的决策：独立记录和执行决策。DAO: decentralized autonomouos organziations