Blockchain Revolution

Reconfiguring the Corporation as the Engine of Capitalism
With the rise of a global peer-to-peer platform for identity, trust, reputation, and
transactions, we will finally be able to re-architect the deep structures of the firm for

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innovation, shared-value creation, and perhaps even prosperity for the many, rather
than just wealth for the few. This doesn’t mean smaller firms in terms of revenue or
impact. To the contrary, we’re talking about building twenty-first-century companies,
some that may be massive wealth creators and powerful in their respective markets.
We do think enterprises will look more like networks rather than the vertically
integrated hierarchies of the industrial age. As such there is an opportunity to
distribute (not redistribute) wealth more democratically.
We’ll also take you on a stroll through the mind-boggling world of smart
contracts, new autonomous economic agents, and what we call distributed
autonomous enterprises where intelligent software takes over the management and
organization of many resources and capabilities, perhaps displacing corporations.
Smart contracts enable the creation of what we call open networked enterprises based
on a new set of business models, or old business models with a blockchain twist.