A common advantage that comes with innovative technology is agility. In part, this can be ascribed to new use cases or improvements in traditional use cases that innovative technology makes available. Often, the initial proponents of innovative technology also suffer less from organizational inertia and are therefore better-equipped to leverage it. What remains indeterminate is the status of the incumbents. With blockchain, this is by no means a light issue.
On the one hand, financing and investment sit at the very core of resource allocation. Economists and administrative officials have long been aware of their importance. Unsurprisingly, conventional views are deep-rooted and, throughout centuries, have become exceedingly inflexible. While the digital revolution and globalization have shaken the old world, these changes have only touched on the tools and the scale of doing the same. It is safe to say that the thinking of separating financing and investment from business operations is habitual and is unlikely to change without a strong push by a vastly more efficient new entrant.
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This is the exert of an article published by us on our Medium channel: https://medium.com/@IdeaFeX/make-blockchain-work-ch-6-agility-d61e13038e72