Payments News


Blockchain: The Networked Ecosystem Is the Business

“The next step in the evolution of blockchains is the formation of industry networks. These create value by developing and operating shared industry infrastructures as well as shared processes and applications to be used by all its industry members. Governance is the biggest challenge in creating such industry networks, which requires collaborating with other industry players, including otherwise fierce competitors.  Large organizations are more accustomed to dictating terms to their ecosystem partners than to collaborating with them.”