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

固定价值的通证被法定货币取代。其缺陷在于实体形式和面值(denomination)。小额交易会更加普及。Four types:

  • fiat tokens
  • process tokens
  • complementary tokens
  • cryptocurrencies

consensus driven, decentralized model. Key elements:

  • 治理方法
    • 分布式的决策:独立记录和执行决策。DAO: decentralized autonomouos organziations
    • 参与:不需要许可。
    • 商业所有权和监督:平等的资金和商业货币分享模式。没有组织掌控创造的大部分价值。
  • 经济模式
    • 资金来源:健全的经济模式支撑区块链平台。
    • 回报分配:透明的规则,公平的回报。
  • 技术
    • 技术架构:一节点一票的共识算法来认证参与者,验证交易。
    • 协议开发:多方贡献的开源模式。
    • 网络治理:没有拥有绝对控制权的组织或个人。参与者进出自由。