Blockchain 2.0: evolving tech-led business models

Our previous blog post took a broad overview of business models, blockchain and trust. Today we take a look at business models and talk about LakeBanker. While they focus more on consumer financial services, many consumers are actually micro businesses, or “consumer+”. We see some interesting parallels to our work and we are delighted to be advising them.

Old and new phones

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Blockchain is not the panacea in business and banking

Trust is hard to develop and can be lost in the blink of an eye. Without it, many business and finance relationships become prohibitively costly. Now blockchain and other new distributed ledger technologies (DLT) are proposing to reduce or even eliminate the need for trust. We argue in this short article series that to be valuable to customers, such projects cannot ignore the tremendous efficiency gained from trust in many situations.

In follow-up articles, we discuss the findings of the Imperial College London MSc consulting team 1. Their study revealed a very much nascent sector with projects of wildly differing levels of maturity. In another article, we look at LakeBanker, a project we are delighted to be advising. Their team is engaged in an ambitious approach to make better use of trust and data in finance with their flavour of Crowd Banking.

Containers Blocks in a Chain

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  1. See our blog post from July