With the advent of blockchain technology and smart contracts, a new paradigm of global enterprises is quickly emerging. As organizations combine forces in innovative ways, a new form of partnership called a Decentralized Conglomerate is now touted as being the “cutting-edge method” of building communities and establishing diversity in the marketplace. It’s a brave new world – if it wasn’t already before.
We’ve all heard of industrial conglomerates like Phillip Morris Group and Hanson Plc. Then there are internet and digital conglomerates like Google GOOGL -0.01% and its parent company Alphabet, which has extended far beyond the basic search engine and goal of organizing the world’s information. One could also cite Time Warner TWX -0.89% amongst other industrial sectors.
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One could argue that the digital conglomerate has been with us for a while, even if we didn’t quite realize. Now we are contending with the term decentralized conglomerate.
The development around the Decentralized Conglomerate (DC), which is basically an idea that has existed since BitShares launched last October on OpenLedger , a universal shared platform based on the BitShares 2.0 MIT-licensed Graphene blockchain technology with a fully open source code base, is now being defined and documented in a crypto context.
It comes hot on the heels of BitShares 2.0 officially being announced as Bitcoin 3.0 tech this late this February and as OpenLedger’s BitShares 2.0 went live on Microsoft MSFT -2.88% Azure Blockchain as a Service (BaaS) yesterday.
And, it was only in the past few weeks prior to BitShares 2.0’s introduction on Microsoft Azure’s BaaS on 9 March 2016, that its first so-called ‘Fee Backed Asset’ that offers private transfers came to life.
This has dramatically reduced trading and transfer fees as a result of the integrated governance structure on the blockchain. It has also seen the price of BitShares […]
