How Blockchain Will Change Organizations
“We believe that blockchain will transform how businesses are organized and managed. It allows companies to eliminate transaction costs and use resources on the outside as easily as resources on the inside. Vertical integration may continue to make sense in some situations (for manufacturing controlled pharmaceuticals, for example, or where companies have industry-leading strengths throughout the supply chain). But in most cases, we believe that networks based on blockchain will be better suited for creating products and services and for delivering value to stakeholders.