A new report by BCG provides a strategy perspective on Bitcoin and Blockchain.
The author, Philip Evans, outlines in his excellent essay “how the economics of transaction costs and trust could be reshaped by tokens and blockchains and by the stacked architecture on which they are built.”
He analyzes architectures, trade-offs in trust as well as scalability and the newest trends to improve it.
At the end, he mentions “five broad principles that will shape strategy for token and blockchain technologies:
- Overall methodology
- Organization as much as technology will determine the relative advantage of Blockchains
- Government is a wild card.
- Financial signals are problematic.
- Radical uncertainty is the norm.”
The report is available at www.bcg.com.