looks interesting, thanks!! On Tue, Aug 7, 2018 at 9:18 PM Bob Haugen <[email protected]> wrote:
> I'm wondering how these blockchain-integrated supply chains will > escape the curse of competitive value capture: > > https://www.academia.edu/10252910/The_uneasy_transition_from_supply_chains_to_ecosystems_The_value-creation_value-capture_dilemma > > On Sat, Aug 4, 2018 at 2:27 AM, Michel Bauwens <[email protected]> > wrote: > > I hope this can impress some people that are still on the sidelines of > this > > major earthquake, to understand the significance of what is occuring > right > > now, a fundamental re-ordering of the capitalist economy under new > models: > > > > first of all, see this article, that shows successfull blockchain trials > for > > supply chains, > > > https://which-50.com/commbank-and-logistics-giants-complete-blockchain-trade-from-regional-victoria-to-germany/ > ? > > > > and what it all means in terms of industrial structures see the article > > quoted below, > > > > but in fact, I don't think their analysis goes far enough, because in the > > ethereum networks, corporates are already subsumed to a eco-system > > consisting not just of companies, but of a multitude of other players, > > including lots of single individuals: > > > > QUOTE > > > > Blockchain-Based Corporate V-Networks > > > > = "V-form networks consist of a number of fully independent companies > that > > effectively operate as one vertically integrated company through > blockchain > > technology". [1] > > > > > > Contents > > > > [hide] > > > > 1 Contextual Citation > > 2 Description > > 3 Example > > > > 3.1 The IBM and Maersk TradeTech > > > > Contextual Citation[edit] > > > > "A blockchain economy will have more, smaller firms linked together by > > protocols. ... It’s worth pointing out that these networks are inherently > > global, and any regulatory questions global as well." > > > > - Chris Berg, Sinclair Davidson and Jason Potts [2] > > > > > > Description[edit] > > > > "The Nobel laureate Oliver Williamson distinguishes between U-form > companies > > and M-form companies. > > > > Traditional U-form companies are unitary — their units are divided by > > business process (for instance, accounting, human resources, component > > manufacturing, assembly) and are not treated as separate cost centres. > > > > M-form companies are multidivisional — their units are self-contained > > divisions that report profits and losses to an umbrella central body. > > They’re fully owned by a parent company, but they tend to have their own > > business services (accounting and human resources departments, for > instance) > > and even market relationships. > > > > But now we see a new corporate form — the V-form network — made possible > > because thanks to the application of distributed ledger technology to > supply > > chain problems. > > > > These V-form networks consist of a number of fully independent companies > > that effectively operate as one vertically integrated company through > > blockchain technology, coordinated and supplied by a third party. > > > > This is a big change to the nature of the firm. We can already see V-form > > networks in the real world. They date as far back as January. It is > > surprising the economics community haven’t noticed them yet. > > > > ... > > > > > > Blockchains can work to coordinate supply chains without the need for > either > > (traditional) vertical integration or regulation. The vertical > integration > > is outsourced to a distributed ledger. The blockchain provides the > > managerial service that coordinates each ‘unit’ (that is, firm) in the > > supply chain. > > > > Regulators in any country can deal any firm in the supply chain as if it > was > > a small unit of a larger, global company. > > > > Each firm in the supply chain get the benefits of vertical integration > > through a network rather than a hierarchy. > > > > > > ... > > > > > > In the V-form network, the blockchain’s token establishes the consortium, > > and incentivizes cooperative behaviour. > > > > The token also serves to move rents around the network. In this way, the > > blockchain provides a market mechanism to solve the sort of bargaining > > problems described by another Nobel laureate, Ronald Coase, that may > occur > > as the network operates. > > > > Outsourced vertical integration could be applied to many industries that > are > > now integrated. Energy firms that currently integrate the exploration, > > production, generation, and retail of electricity might be better > > decomposed, with blockchains and tokens taking the place of head offices. > > The token economy, rather than energy regulators, could make decisions > about > > the distribution of rents around the network." > > ( > https://medium.com/cryptoeconomics-australia/outsourcing-vertical-integration-introducing-the-v-form-network-78e1aa93a814 > ) > > > > > > Example[edit] > > > > The IBM and Maersk TradeTech[edit] > > > > Chris Berg, Sinclair Davidson and Jason Potts: > > > > "Two weeks into 2018, IBM and the shipping giant Maersk announced a joint > > venture to develop a digital supply chain management system on their > > Hyperledger blockchain platform. Hyperledger is a private blockchain > which > > requires permission to access. > > > > In a previous Cryptoeconomics piece, we described how international > trade is > > an information problem. As goods are shipped around the world, they are > > accompanied by information — really stacks of paperwork — that describe > > their provenance, destinations, regulatory and tax liabilities and so on. > > > > In the IBM-Maersk system, each firm and bureaucracy in the supply > > chain — producers, shippers, port authorities, regulators, importers, > > retailers — will access and update a shared blockchain ledger containing > all > > the information needed by each organisation. > > > > And each organisation would have access to that information everywhere, > > ensuring complete visibility on where goods are in the world and which > > economic and regulatory hurdles they next need to overcome." > > ( > https://medium.com/cryptoeconomics-australia/outsourcing-vertical-integration-introducing-the-v-form-network-78e1aa93a814 > ) > > > > > > -- > > P2P Foundation: http://p2pfoundation.net - > http://blog.p2pfoundation.net > > > > Connect: http://p2pfoundation.ning.com; Discuss: > > http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation > > > > Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; > > http://twitter.com/mbauwens; http://www.facebook.com/mbauwens > > > > > > > > > -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net Connect: http://p2pfoundation.ning.com; Discuss: http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation Updates: http://del.icio.us/mbauwens; http://friendfeed.com/mbauwens; http://twitter.com/mbauwens; http://www.facebook.com/mbauwens
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