Chapter 6 Disruptive Innovations
The advantage of an ICO for consumers ️A token can be instantly traded with anyone, provided the
coin or token received is linked to some publicly available blockchain used by both buyer and seller.
Liquid ️An asset which is liquid can be easily turned int...
Chapter 6 Disruptive Innovations
The advantage of an ICO for consumers ✔️A token can be instantly traded with anyone, provided the
coin or token received is linked to some publicly available blockchain used by both buyer and seller.
Liquid ✔️An asset which is liquid can be easily turned into cash. Stocks of public companies traded on
major exchanges are highly liquid. Private shares in a company that has not yet gone public are illiquid
since there is not a readily available public market.
two characteristics of disruptive innovation/technologies ✔️1. they come to market with a set of
performance attributes that existing customers don't value.
2. Over time the performance attributes improve to the point where they invade established markets.
Intuit ✔️company who has been very successful at staying ahead of the game in terms of predicting
disruptive tech and avoiding the disruptiveness of it by buying up the startups early and allowing them
freedom
ARM ✔️sells coding and technology (not chips) for fast, energy efficient chips which rival Intel's chip
market
Bitcoin ✔️An open-source, decentralized payment system (sometimes controversially referred to as a
digital, virtual, or cryptocurrency) that operates in a peer-to-peer environment, without bank or central
authority.
blockchain ✔️used for bitcoin, it is a highly secure transaction recording mechanism that has been
adapted for all sorts of uses, including stock sales and digital document signing.
Advantages of Bitcoin ✔️- cuts out transaction fees from credit card companies
- opens up the possibility of micropayments (or small digital payments) that are now impractical because
of fees
- advantage for international commerce, especially for cross-border remittance and in expanding e-
commerce in emerging markets
- straddles the line between transparency and privacy
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