Banks and Crypto: What Will Happen to the Banks?
How will crypto and the Blockchain impact banks, what will happen to the banks in the future, will cryptocurrency replace banks? Let’s find out! Many
Digital Business Model or Internet Business Model refers to the business, which is run in a fully digital way. There are different degrees of digitalization:
Are the client orders received in a digital way?
Are the order to suppliers submitted in a digital way?
Are the internal processes fully digital?
Are the goods to the clients delivered in digital form?
If all these four areas are digital, then the result is a highly scalable business (assumed there is enough market demand).
Following key types of business models exists:
Traditional business models, they have a lot of manual processing. Scale effect was the key success factor for these businesses
Digital Business Models are based on centralized data processing. Network effects were the key success factor for these businesses. They will disintermediate traditional business models
Crypto Business Models or Blockchain Business Models are based on distributed data processing and network effects. They will disintermediate Internet Business Models
Digital Business Models came after the traditional business models, but they will be overtaken by the blockchain business models.
How will crypto and the Blockchain impact banks, what will happen to the banks in the future, will cryptocurrency replace banks? Let’s find out! Many
There is more and more to talk about the Blockchain Business Model. But, what does it mean? What are the differences in Blockchain business models
SmartCredit.io is a Swiss-based project launched by veterans in the cryptocurrency, finance, technology and artificial intelligence fields.
The traditional banking business is based on fiat currencies. Conversely, a diverse range of cryptographically secured digital coins underlie the cryptoasset industry.