Blockchain And The Resistance Of Incumbents

The level of innovation over the past century has been unprecedented. As each new discovery or invention gives birth to hundreds of spin-off products or services, the competitive landscape becomes more crowded and cut-throat. What represents opportunity for the entrepreneur is a threat for the incumbent and both need to adapt to remain in the game.

Competition is built into the fabric of society, but then again so is a sense of community. It is through the notion of trust that they are reconciled. According to Dunbar, 150 is the maximum number of stable relationships any single individual can maintain before rules and norms need to be enforced to broker the trust required. Building a global business clearly mandates...