Bitshares, Steem, and EOS are the three decentralized businesses of Dan Larimer, and there is much to learn from these businesses of the future. One reason to do this is because EOS has partnered with various VC firms around the world to fund projects that are looking to build on top of the EOS.IO software. And it goes to reason that by understanding how these businesses work will help you gain an upper hand in winning funds for your project. I want to start by saying that all three projects are what I call infrastructure projects. Meaning they are building a foundation. Bitshare is building a foundation for cryptocurrencies to be exchanged with the risk of hacks. Steem is building a foundation of people that have access to cryptocurrencies to exchange with. EOS is a building a foundation of computing infrasturture that would enable global companies. All these companies are stakholder companies. Meaning these businesses that into account everyone that is involved in the project. They are businesses that operated in the period now named "Network Capitalism" by Paul Olk, Professor of Management at Daniels College of Business. This new kind of business is marked by flat hierarchial strutures, fast innovation and speed to market as a well as superior economic efficiency. - Good Business, pg 74. In this new kind of business structure, the organization is fliud and leadership positions change often to respond to the fast, changing market. They operate across borders and deployed a wide variety of people and talent. Mangement is done not through a manager but through culture. And anyone can voice their dissatification with certain areas of operation, valuing the future success of the company over office politics. It is one of the reasons why it is important power is distributed widely throughout the organization. One of the failure of Steem is that power is concentrated mostly in the hands of the Steemit team. But is obivous that the platform with the most growth potential are sites like Busy and mobile and desktop application eSteem. But because power is held by the Steemit team, the resources are stucked and not allowed to flow to where it is most efficiently used. Next, let's tak a look at the projects that are already being built on EOS.IO. Two interesting projects being built on the EOS blockchain is HorusPay and HireVibes. HorusPay is a payroll service and HireVibes is a hiring platform. Both of these projects are tools that businesses will need. These projects seeks to bring a little more structure to these decentralized businesses. By identifying what the investors have an appeittie for and what the market want, you ensure yourself the best chance of securing an investment.
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| author | bluabaleno | ||||||
| permlink | the-businesses-of-eos-dba60b49d386a | ||||||
| category | eos | ||||||
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| root_title | "The businesses of EOS." | ||||||
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What markets do you see EOS having an advantage in versus Ethereum or NEO?
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| category | eos | ||||||
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I don't know NEO too well to make an educated comment. As for Ethereum, anything that requires scale or require legal enforcement of contract would benefit on moving to EOS. And by scale I mean anything that require a lot of updates to the database. I think the better question is what services or application would benefit from switching from a centralized database to a decentralized, trust-less one. Companies that couldn't afford to pay for expensive security measure will now, by using blockchain, have that added benefit by default. So something like a ticketing service where they want to keep track of the movement of ticket and prevent fraud could be implement with less cost, and enable secondary markets for those who wish to sell tickets they've acquire to another person without having to go through the central issuer. This high-volume, high-potential for fraud area of products would benefit from EOS.
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| category | eos |
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I should add that EOS would have a better ecosystem as a whole. Because in order for the application to even run in the first place, it would need to stake tokens. In the case where application acts maliciously, i.e is a pyramid scam, it could be possible that the staked tokens are seized and redistributed back to the token holders. It won't make the holders completely whole, but at least it would allow them to partially recover their funds.
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| category | eos |
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