The Last Mile Problem: Understanding the Economics Affecting the Future of Blockchain
6 min read
Is Blockchain designed for consumers or organizations? Will it ever be an Uber-alike app built on Blockchain? What is holding Blockchain back from mass adoption to date? This article provides insights to these questions and adopts economic theory to critically analyze a fundamental challenge of Blockchain – the “last mile problem.” Blockchain is recognized as a new form of general purpose technology (GPT). Other examples of general purpose technology include the steam engine, electricity and the Internet. In other words, it has the potential to affect the entire economy at the national and global level and drastically alter societies through…...
Leo Jiang Savvy, accomplished, bilingual Head of Consulting, Innovation & Business Development highly regarded for leveraging design thinking, innovation and emerging technologies to drive record-breaking growth for global industry leaders. Out-of-the-box thinker who champions critical insights across business transformations and IT professional services, and excels as a thought leader with blockchain, distributed ledger technology (DLT), and digital transformation. Proven capacity to forge productive, professional stakeholder relationships, building consensuses and establishing top-tier teams to meet all organizational needs. Ensures attainment of lofty goals working in line with high-profile clients, including Cathay Pacific Airway, Standard Chartered, Philip Morris, AXA, PUBLICIS GROUPE, P&G, and China UnionPay. Sought as an exceptional strategist who orchestrates projects, programs, and overall corporate vision to expand market share.