How Blockchain will change organizations

Cecilia| Velazquez
Mind Map by Cecilia| Velazquez, updated more than 1 year ago
Cecilia| Velazquez
Created by Cecilia| Velazquez almost 2 years ago
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Description

Tapscott, Tom; Tapscott, Alex. MITsloan Magnagement Review. Winter 2017 ISSUE.

Resource summary

How Blockchain will change organizations
1 Blockchain offers exchage of values trhought internet
1.1 Change on nature of companies
1.1.1 How they are founded
1.1.2 how they create value
1.1.3 how they perform basic functions
1.1.3.1 marketing
1.1.3.2 accounting
1.1.3.3 incentiviceng people
1.1.3.4 eliminating magnagement functions
2 Internet is designed to move information but not to do transactions
2.1 Is vulnerable to crashes, froud and hacks
2.2 It depends on intermediaries to provide it
2.3 Advantages
2.3.1 Distributes all around the world
2.3.2 Is public, any one can see it
2.3.3 is encrypted to mantain security
3 Internet is trascending costs of magnagement "agency costs", by reducing them
3.1 Oganizing production
3.2 Market investigation
3.3 negotiating contracts
4 It will eliminate transacrtion costs using resourses inside and outside
4.1 jobs data will be stored in secure bases and personal information will be easily to share
4.2 Finance and accounting will travel across the web and in web sites,
4.2.1 making possible to search company records
4.3 Search for posible contractors and peers
4.4 Much less serendipity by making precise queries and results
4.5 Will facilitate contracting in both short and long therms
4.5.1 Trhu smart contracts tiggering allerts and ensuring payments
4.5.2 a contract hub supporting servicess
4.5.3 cocifiying smart contracts and relations between companies
4.5.4 finantial statements will transparent the enterprise
4.5.5 Share holders and regulatory agencies will be able to eximine
4.5.6 Institutional investors will have credit dashboards based on facts
4.5.7 executives will be able to identify people, also companies records
4.6 Disrupt the global financial systems works integrating prices
4.6.1 Equity trough a proyect that works by ins own
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