Agile Digital Transformation

Agile Digital Transformation

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Agile Digital Transformation Authors: Liz McMillan, Pat Romanski, Jason Bloomberg, Elizabeth White, SmartBear Blog

Related Topics: iPhone Developer, iPhone for Business, The Future of the Internet, Agile Digital Transformation

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Blockchain’s ‘Underpants Gnomes’ Problem

In a classic episode of South Park, the boys encounter a lair of Underpants Gnomes – so named because they run a business collecting underpants.

Their business model: step one is collect underpants. Step three is profit. However, they’re all a bit unclear on step two.

Spare any underpants?

Spare any underpants?

Such is the state of affairs of many – but by no means all – blockchain-based businesses. At this week’s Blockchain Expo in London, both types of companies were on display: companies with real business models as well as wonderfully innovative projects with no clear path to profitability.

Gnome Contenders

The fundamental challenge: what makes blockchain particularly disruptive is the very characteristic that confounds a business model – that is, a way to make money long-term.

Because of blockchain’s inherently distributed nature, many blockchain businesses are leveraging the technology to build ecosystems of participants who will trade tokens in a lively economy that should drive value for such tokens beyond any speculative interest in them.

However, this is the new, ‘revolutionary,’ ‘Web 3.0’ world of blockchain where no one’s in charge – including the company that’s doing its best to get the ecosystem off the ground.

Therefore, unlike centralized ecosystems – the Apple iPhone and Google Android ecosystems come to mind in the consumer space, while IBM and Dell Technologies have built impressive enterprise ecosystems – there is no central organizing role with a blockchain ecosystem, and thus no particular business model for the founder of such an effort.

Read the entire article at https://www.forbes.com/sites/jasonbloomberg/2018/04/20/blockchains-underpants-gnomes-problem/.

Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, IBM is an Intellyx customer. None of the other organizations mentioned in this article are Intellyx customers. The author does not own, nor does he intend to own, any cryptocurrency. Image credit: Michael Coghlan.

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More Stories By Jason Bloomberg

Jason Bloomberg is a leading IT industry analyst, Forbes contributor, keynote speaker, and globally recognized expert on multiple disruptive trends in enterprise technology and digital transformation. He is ranked #5 on Onalytica’s list of top Digital Transformation influencers for 2018 and #15 on Jax’s list of top DevOps influencers for 2017, the only person to appear on both lists.

As founder and president of Agile Digital Transformation analyst firm Intellyx, he advises, writes, and speaks on a diverse set of topics, including digital transformation, artificial intelligence, cloud computing, devops, big data/analytics, cybersecurity, blockchain/bitcoin/cryptocurrency, no-code/low-code platforms and tools, organizational transformation, internet of things, enterprise architecture, SD-WAN/SDX, mainframes, hybrid IT, and legacy transformation, among other topics.

Mr. Bloomberg’s articles in Forbes are often viewed by more than 100,000 readers. During his career, he has published over 1,200 articles (over 200 for Forbes alone), spoken at over 400 conferences and webinars, and he has been quoted in the press and blogosphere over 2,000 times.

Mr. Bloomberg is the author or coauthor of four books: The Agile Architecture Revolution (Wiley, 2013), Service Orient or Be Doomed! How Service Orientation Will Change Your Business (Wiley, 2006), XML and Web Services Unleashed (SAMS Publishing, 2002), and Web Page Scripting Techniques (Hayden Books, 1996). His next book, Agile Digital Transformation, is due within the next year.

At SOA-focused industry analyst firm ZapThink from 2001 to 2013, Mr. Bloomberg created and delivered the Licensed ZapThink Architect (LZA) Service-Oriented Architecture (SOA) course and associated credential, certifying over 1,700 professionals worldwide. He is one of the original Managing Partners of ZapThink LLC, which was acquired by Dovel Technologies in 2011.

Prior to ZapThink, Mr. Bloomberg built a diverse background in eBusiness technology management and industry analysis, including serving as a senior analyst in IDC’s eBusiness Advisory group, as well as holding eBusiness management positions at USWeb/CKS (later marchFIRST) and WaveBend Solutions (now Hitachi Consulting), and several software and web development positions.