Blockchain Revolution

New Business Models: What opportunities exist for new products and services
based on the new functionality and data you could gather through your network?
Could your information and assets earn revenue because of their value to others, for
example, renting out that expensive piece of equipment when you’re not using it?
Thinking about the value of information is not new (remember Sabre and American
Airlines?), but still overlooked.
Opportunities: Could you link your network up with others for even greater
value, perhaps as part of an end-to-end supply chain or distribution and sales channel?
As an industry, are there shared processes and functions that could be automated by
utilizing the blockchain? Are you enabling this interoperability by using technology
built on open standards and vetted through international collaboration?
Threats: What lines of business will new entrants attack with their new IoT-based
business models to serve markets that you currently serve? For example, rather than a
one-time sale of a vehicle, consumer good, or piece of specialized equipment, is there
ongoing value for you and your clients in a new service model built upon your
ongoing connection to that equipment? Can you capitalize upon your existing
expertise, resources, infrastructure, and customer loyalty to design new IoT-based
business models that decrease the “space” and, therefore, the likelihood of entry of a
disruptive new player?
Business Case: What are the costs and benefits of these opportunities? Where
does the real value exist for your organization? Are you solving an actual business
problem or need or just leading with the technology? How about developing a proof
of concept with a leading client?