Destructive innovation in blockchain#second#
Enterprise barrier
Let’s look at the strongest barriers, network effect and data intelligence.
In the aspect of network effect, the blockchain is even stronger than the Internet. Except Internet has , the blockchain also has public account books, decentralized consensus and special incentive mechanisms. In particular, the speed stability of the network with increased as nodes can be improved. Contributions made in the network are recorded and given the corresponding tokens in return. As the value of the network develops, the value of the token also rises together, so users in the network will automatically do more things. The nonlinearity of this network value is much stronger than the Internet.
In terms of data intelligence, all data will be recorded on the block and transparent backtracking. The the data sees to be more open. The synergy and development of the community can form a group to accelerate the innovation, which is better for the development of data intelligence algorithms. Person can be incent to provide his dates and get the Token for return.
Asymmetry of motivation and ability
Blockchains need to be asymmetrical about motivation and ability to avoid being strangled by big Internet companies before they grow up.
The major market for big Internet companies is that offline trading scenarios ,mainly include new retail, new finance, and new logistics. The development direction of the blockchain must be to avoid the market where the big companies are developing. Low-end market or the market where they do not exist in the past is important. The Internet is still moving offline to the line and constantly providing a large number of online services. The blockchain focuses on low cost structures,data security and stability networks, and globally convenient transactions. This is an issue that the Internet cannot. That is to say, the ability asymmetry is also completely achievable.
I will finish this series tomorrow,thank you for reading~