Blockchain and the disintermediation of platforms !

With blockchain emerging technologies, one can think that the promise to transform our economic systems in a radical way is on its way. Many actors are working on key building blocks including BTL, Nuco, Quorum, Swirlds, Colony, Bitnation or Backfeed and many others such as Blockstack or Maidsafe.

Nowadays Platforms are transforming the economy. Some people think that the world market is for about five platforms as Thomas J. Watson (Chairman of the Board of International Business Machines) did in 1943, by thinking that there was a world market for about five computers (GAFAM).

The critical challenge is to transform in a radical ways how to build such platforms. We need scalable Business ecosystems, open, at any scale, and obviously to compose them.

The challenge is to engineer a decentralized Plaform where any market stakeholder should be able expanding his own offerings on build-in value chains, chains binding stakeholder’s capabilities in Business ecosystems, each enterprise keeping a full control of its own assets value and relationships.

?Another way to sump up what the challenge is: How to set "trustless" cooperation, in practice, a kind of Distributed Ledger Technology, not for numbers, not for data but for "processes".

Technology side

The internet is entering a second era that’s based on blockchain, the foundation to engineer a business on the WWW as we do with information today.

We need an appropriate information model to manage the full life-cycle of processes. At the overall Business Ecosystem level, we need to dynamically bind corresponding building blocks, a kind of process management technology.

With a distributed shared ledger, there's two ways to implement process management.

• First level approach is to use the ledger as a shared context and to manage information and states of a decentralized process in a single context. Considering the properties of the blockchain it enables to verify how a process has run. This is a Business Process Management model.
• Second level approach is based on process modeling. Orchestration and choreography approaches can be revisited with the Blockchain. The blockchain adds the capability to compose an choreography with an orchestration and vice versa. It enables to implement compliant processes. This is a Decentralized Process Management model.

A decentralized application model is missing. It could be a kind of composition of Partial sharing of entreprises applications.

And more... An event model is required. For instance, a kind of 'Common Gateway Interface' ("CGI") to be added to our list of initial list of requirements (get, Publish, link) to expand existing Information systems in information ecosystems. CGI could be Smart contracts and Oracles, an option with WebAsm or a "Token" based approach of API economy, closely linked to the Cloud (Kubernetes), another one, or ...

Business side

The adoption phase of the WWW is a good source of inspiration... Basically, I would say that Decentralized Platform will reshape the world of intermediation, moving for assets to process, i.e a new intermediation model, the foundation of infrastructure governance. Remark : It is aligned with The sharing economy model

This new coming intermediation model will give back the power to incumbents for some time in the existing business space but pure players will reshape this space during the phase of adoption by the early majority.  Probably in less time than 5-7 years after the availability of the Alpha version of this technology.

Long term: Why do we need Money ?

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