Blockchain and Crypto disrupt most profitable industries
Perhaps with the exception of rainmaker Apple, many of the largest profit makers are likely to suffer from the disruptive forces of blockchain and crypto. In this graph from Forbes with the world's 100 largest companies by market value, it is in fact the industry with largest profit dots, the green Finance and Insurance ones, which are probably most at risk from blockchain and crypto tech.
- Democratising investing (e.g. ICOs and Asset blockchainisation) will impact investment companies like Berkshire Hathaway ($24 billion).
- Banks are of course at high risk: JPMorgan Chase ($24 billion), Wells Fargo ($22 billion), ICBC, Agricultural Bank of China and China Construction Bank.
- So are insurers like AXA, Ping An, Allianz and Legal & General
- Attention tokens and decentralised messaging may upset Alphabet ($19 billion) and Facebook ($27.6 billion)
Interesting read. Resteemed and upvoted!
Thanks for the summary! What do you think? Which factors will lead to a faster suffering of Facebook and an increased change to its competitors?
I think decentralised social media potentially combined with attention token system (eg Steem or BAT) can disrupt a company like Facebook. But not sure if I am answering your question
A good start :) So let's take Steemit as a direct or the competitor No. 1. I'm keen on transferring people of my friend's list that really would enrich this community here. All in all there are obstacles: 1. Deep-rooted behaviors of scrolling down the fb timeline. 2. Zuckerberg's Zombie Phenomenon (good posts here on that :D) 3. On the other side maybe Steemit's long password, but this is not a strong argument, so maybe you have some more to add?
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