Blockchain Enabled - Why it's the future of our economic and digital world
I've used the term "Blockchain Enabled" several times before. This is a densely packed term I think it's time I clarify. The blockchain can be described as having 7 very general attributes. Any business or network that adopts the blockchain, in any of it's many varieties will gain competitive advantage over it's existing peers by using those 7 attributes to some varying degree.
Blockchain Enabled means:
1 – A business or network which seamlessly allows for Distributed Participation.
2 – A business or network which seamlessly allows for Decentralized Participation.
3 – A business or network which seamlessly allows for Anonymous and/or Private Participation
4 – A business or network which allows for Peer to Peer value exchange
5 – A business or network which automatically applies License, Registration, etc. to generated content.
6 – A business or network which automatically and autonomously distributes value
7 – Increases a business or networks ability and efficiency to digitally create and exchange value
Think in terms of a RPG video game. At the very start you're able to select a set amount of skill points and dedicate them to various character attributes. As the new forms of Blockchain Enabled businesses are born, they are able to apply the 7 attributes I list above to their internal business structure. Though many people don't realize it yet, the blockchain has allowed us to cut out perhaps all of the non-productive middlemen in our lives.
Where there were once Gatekeepers holding the keys to monetization and distribution there is now (or will soon be) a blockchain that allows equal access and participation to all who are following the rules.