Exploring the business models
A business model focusses 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—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 benefit can come from addressing the issues of time and trust? Let's look at a few examples of where and how these benefits can be implemented in the following sections.
Supply chain management
The supply chain is made up of many actors, from the producer to the logistic service providers, port authority, manufacturer, and ultimately, the consumer. The industry must deal with a...
