Just like the internet totally transformed the shape of the world, the blockchain technology has just started to totally transform the global economy. Together with the new century's innovations, such as Big Data, AI, IoT and others, the blockchain technology is by far the igniter of the fourth industrial revolution.
Throughout an article that I have just wrote for livebitcoinnews.com, I tried to delve into the characteristics of a successful business during the new digital era. Collectively, the basic elements of a successful businesses have dramatically changed from what they were 50 years ago. Indeed, it is not about land, labor, or capital any more.
The following diagram illustrates the LASIC principles, which represent the characteristics of a successful business in the new digital world.
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