sept 2015 - cio sweden · business . klarna : 2005 . e-commerce payment services : myloan . 2006 :...
TRANSCRIPT
Sept 2015 www.hhs.se
Thx to R. Wieselfors, Ericsson for photos
Thx to R. Wieselfors, Ericsson for photos
USD 45 bln
USD 1 bln
If the rate of change on the outside (of an organization)
exceeds the rate of change on the inside, the end is near....
-Jack Welch
Banking is essential, but banks are not.
Bill Gates
In just the past few years in Stockholm…
Company Founded Business
Klarna 2005 E-commerce payment services
MyLoan 2006 Loan broker
Trustly 2008 Online payments
TrustBuddy 2009 P2P lending
iZettle 2010 Mobile payments
FundedByMe 2011 Crowdfunding, crowd equity
Kivra 2011 Digital mailbox
Tink 2012 Personal finance
Safello 2013 Cryptocurrency exchange
KnCMiner 2013 Cryptocurrency mining equipment
Toborrow 2013 P2P lending for companies
Cryex 2014 Cryptocurrency clearing house
Increasing access to capital through four forms of crowdfunding…
…is leading to innovations challenging norms
Within 6 years: Challenging the
fiat money system?
Bitcoin = Emergent community + open source + internet + CPU
• Open source project on SourceForge in Jan 2009 • Original source code by “Satoshi Nakamoto” – pseudonym? • Developed by self-organizing community of thousands of
strangers across globe • Approx USD 3.4 bln market cap and 163,000 daily
transactions (1 BTC = USD 231, Sep 2015)
Teigland, Yetis, Larsson 2013 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2263707
Ethereum: Next gen Bitcoin protocol?
http://www.wired.com/2014/01/ethereum/
Emerging companies in IoT/Blockchain space
Enables decentralized electronic security via keyless access protocol for smart property (Ethereum)
Manages payment addresses assigned to each IoT device for M2M sale of data (Bitcoin)
Enables sensors to have private key to participate in blockchain (Bitcoin)
People • “Net generation” • 24x7 “mobile” workforce • Knowledge via MOOCs • Sharing not owning • Sustainability
Technology • Broadband access • Mobile phones • The cloud • Internet of Things • Big Data • 3D printing • Robotics/AI • VR/AR • Holography • Blockchain
Open Source IP • Software
• Hardware • Physibles
Convergence of…..
Finance • Microlending/microfinance • Crowdfunding/equity/P2P • Non-fiat cryptocurrencies • Mobile money/payments • M2M payments
History tends to repeat itself…. Innovation, financial crisis, industrial revolution, …
Steam engine
Internal combustion
engine
Internet Microelectronics
Late 18th C Late 19th C Late 20th C
Schön 2008
Third industrial revolution?
From factories ….
...to offices…
…to server halls and …
.… “Third Places”…
US: 40% of workforce freelancers
…and co-working spaces
New forms of “face to face” meetings
No one knows everything, everyone knows something,
all knowledge resides in humanity.
networks.
Adapted from Lévy 1997 Image: Krebs
Building new networks
software
Community platform
Hierarchical firm VS
E.g., Electrolux, Ford ~ Created by employees within
organizational boundaries
E.g., Quirky, Local Motors ~ Created by community collaborators regardless of affiliation
Teigland, Di Gangi, & Yetis 2012
Changing models of value creation?
Integrating online and physical communities
From economies of scale to economies of creativity?
“Local Motors is the place for people to create influential vehicles together.”
https://localmotors.com/microfactory/
• 1000x cheaper to produce new car model • 5-22x faster production, depending on vehicle
Local Motors to print 3D cars in one of its micro-factories
http://3dprint.com/79342/local-motors-reload-3d-car/
A 3D printer workshop on Lisette’s boat
RepRap community E-commerce
Scheveningen Harbor – The Hague
My first attempt at 3D printing – successful!
Local networks of 3D printers
Developing circular economies
Local materials? Reduced consumption?
Reduced transport? Fueled by local “money”?
And by IoT?
What’s around the corner? 24x7 Global Internet Collaboration + Open Source + 3D Printing
http://mashable.com/2013/02/13/robohand/
$60,000
$150
Available for free download on
$45
Where is the firm?
The future is already here, it’s just not very evenly
distributed.
- William Gibson
Robin Teigland
[email protected] www.knowledgenetworking.org www.slideshare.net/eteigland
www.funnovation.se @RobinTeigland
If you love knowledge, set it free…
If you like this presentation and would like to contribute to our research, we accept bitcoins: 14hs4JbnQLXE87GGzu84uXGaspmxmnLpwC. Thank you!!!!!