Business Models for Blockchain

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Traditional businesses provide a product/service and earn profit from the sales.

These businesses are in manufacturing, distribution, or retailing.

Blockchain uses a different business model due to the decentralized nature of the network.

Here are the key business models:

Blockchain as a service -- provides the blockchain for others to use to further their community goals.

Ethereum is an example of a blockchain as a service which provides the network and infrastructure for running applications.

Tokens as a utility -- this business model uses tokens to provide utility to the user.

An example is a network using tokens to provide fund transfers.

Blockchain-based tools -- this business model uses blockchain to provide a specific service.

An example is a blockchain-based system that tracks real estate ownership.

Blockchain as storage -- this business model uses blockchain for storing information and data.

An example is a data storage company offering a blockchain-based product for storing data.

Blockchain services -- this business model provides services related to blockchain development.

An example is an engineer who codes smart contracts for blockchain-based applications.

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