Blockchain Commons: The End of All Corporate Business Models

Given this trend of rising corporate and central banking interest in blockchain technology, it’s inevitable that the first widespread mainstream adoption of blockchain and cryptocurrency will be driven primarily by the existing status quo and power brokers. […] Business models which operate on artificial scarcity simply cannot exist alongside a reality of public blockchains. Even if a group did attempt to deploy a for-profit protocol on a public blockchain, the code by default is opensource and thus it’s trivial to copy the code, lower the fee and then redeploy. Public blockchains are owned by nobody, controlled by nobody and can never be shutdown. Smart contracts can be owned by nobody, controlled by nobody, and execute as coded every time. The result is a blockchain commons; a universal common resource which renders old-world business models obsolete, and ushers in a new foundational paradigm on which to create value for all of humanity.

via https://medium.com/peerism/blockchain-commons-the-end-of-all-corporate-business-models–3178998148ba