I'm wondering how these blockchain-integrated supply chains will
escape the curse of competitive value capture:
https://www.academia.edu/10252910/The_uneasy_transition_from_supply_chains_to_ecosystems_The_value-creation_value-capture_dilemma

On Sat, Aug 4, 2018 at 2:27 AM, Michel Bauwens <michelsub2004@gmail.com> wrote:
> I hope this can impress some people that are still on the sidelines of this
> major earthquake, to understand the significance of what is occuring right
> now, a fundamental re-ordering of the capitalist economy under new models:
>
> first of all, see this article, that shows successfull blockchain trials for
> supply chains,
> https://which-50.com/commbank-and-logistics-giants-complete-blockchain-trade-from-regional-victoria-to-germany/?
>
> and what it all means in terms of industrial structures see the article
> quoted below,
>
> but in fact, I don't think their analysis goes far enough, because in the
> ethereum networks, corporates are already subsumed to a eco-system
> consisting not just of companies, but of a multitude of other players,
> including lots of single individuals:
>
> QUOTE
>
> Blockchain-Based Corporate V-Networks
>
> = "V-form networks consist of a number of fully independent companies that
> effectively operate as one vertically integrated company through blockchain
> technology". [1]
>
>
> Contents
>
>  [hide]
>
> 1 Contextual Citation
> 2 Description
> 3 Example
>
> 3.1 The IBM and Maersk TradeTech
>
> Contextual Citation[edit]
>
> "A blockchain economy will have more, smaller firms linked together by
> protocols. ... It’s worth pointing out that these networks are inherently
> global, and any regulatory questions global as well."
>
> - Chris Berg, Sinclair Davidson and Jason Potts [2]
>
>
> Description[edit]
>
> "The Nobel laureate Oliver Williamson distinguishes between U-form companies
> and M-form companies.
>
> Traditional U-form companies are unitary — their units are divided by
> business process (for instance, accounting, human resources, component
> manufacturing, assembly) and are not treated as separate cost centres.
>
> M-form companies are multidivisional — their units are self-contained
> divisions that report profits and losses to an umbrella central body.
> They’re fully owned by a parent company, but they tend to have their own
> business services (accounting and human resources departments, for instance)
> and even market relationships.
>
> But now we see a new corporate form — the V-form network — made possible
> because thanks to the application of distributed ledger technology to supply
> chain problems.
>
> These V-form networks consist of a number of fully independent companies
> that effectively operate as one vertically integrated company through
> blockchain technology, coordinated and supplied by a third party.
>
> This is a big change to the nature of the firm. We can already see V-form
> networks in the real world. They date as far back as January. It is
> surprising the economics community haven’t noticed them yet.
>
> ...
>
>
> Blockchains can work to coordinate supply chains without the need for either
> (traditional) vertical integration or regulation. The vertical integration
> is outsourced to a distributed ledger. The blockchain provides the
> managerial service that coordinates each ‘unit’ (that is, firm) in the
> supply chain.
>
> Regulators in any country can deal any firm in the supply chain as if it was
> a small unit of a larger, global company.
>
> Each firm in the supply chain get the benefits of vertical integration
> through a network rather than a hierarchy.
>
>
> ...
>
>
> In the V-form network, the blockchain’s token establishes the consortium,
> and incentivizes cooperative behaviour.
>
> The token also serves to move rents around the network. In this way, the
> blockchain provides a market mechanism to solve the sort of bargaining
> problems described by another Nobel laureate, Ronald Coase, that may occur
> as the network operates.
>
> Outsourced vertical integration could be applied to many industries that are
> now integrated. Energy firms that currently integrate the exploration,
> production, generation, and retail of electricity might be better
> decomposed, with blockchains and tokens taking the place of head offices.
> The token economy, rather than energy regulators, could make decisions about
> the distribution of rents around the network."
> (https://medium.com/cryptoeconomics-australia/outsourcing-vertical-integration-introducing-the-v-form-network-78e1aa93a814)
>
>
> Example[edit]
>
> The IBM and Maersk TradeTech[edit]
>
> Chris Berg, Sinclair Davidson and Jason Potts:
>
> "Two weeks into 2018, IBM and the shipping giant Maersk announced a joint
> venture to develop a digital supply chain management system on their
> Hyperledger blockchain platform. Hyperledger is a private blockchain which
> requires permission to access.
>
> In a previous Cryptoeconomics piece, we described how international trade is
> an information problem. As goods are shipped around the world, they are
> accompanied by information — really stacks of paperwork — that describe
> their provenance, destinations, regulatory and tax liabilities and so on.
>
> In the IBM-Maersk system, each firm and bureaucracy in the supply
> chain — producers, shippers, port authorities, regulators, importers,
> retailers — will access and update a shared blockchain ledger containing all
> the information needed by each organisation.
>
> And each organisation would have access to that information everywhere,
> ensuring complete visibility on where goods are in the world and which
> economic and regulatory hurdles they next need to overcome."
> (https://medium.com/cryptoeconomics-australia/outsourcing-vertical-integration-introducing-the-v-form-network-78e1aa93a814)
>
>
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