Blockchain Business Models

Blockchain Business Models

Blockchain business models are not only transforming the manner in which businesses operate, but also endowing rapid innovations. Besides that, it has changed the perception of problems and solution tactics. Due to its adaptability, more companies are increasingly embracing blockchain especially because it is a technology that makes it more practical for mainstream execution. What this means is that data in blockchain is managed without consolidated authority making it safer.

However, for a business to succeed by executing blockchain depends on the approach employed by the venture. This is done by identifying the proper business models and carrying them through accurately.

Among the industries that benefit from blockchain models include; the public sector, media and financial institutions.

Some of the blockchain business models include;

Model #1: Utility Token Model

This means the overall satisfaction received by utilization of goods and services. This model drives purpose in business by use of tokens. Each token role has its own set of characteristics and purpose. Token…