When Foodler jumped on the Bitcoin bandwagon a few months ago, it seemed like an interesting way to drum up new business. But it turns out that, for some, Bitcoin business can come with an unexpected pricetag: privacy.
Since April, the Boston-based online restaurant ordering service, has accepted payments in the world’s hottest digital currency, and sales have grown nicely. Foodler is now doing about $15,000 in Bitcoin food orders per month. This is convenient for customers, and with Bitcoin, the company doesn’t have to fork over the payment-processing fees that come with credit card sales. But there’s a downside: If Foodler isn’t careful, Bitcoin could give competitors a way to spy on its business.
Bank accounts are out, smartphones are in. In 2011, some 2.5 billion people in the world were “unbanked” (pdf), as the lingo goes, according to the World Bank. By 2016, more people will have bank accounts, but in regions like the Asia-Pacific and the Middle East, even more will have smartphones, research and consulting firm Analysys Mason predicts in a report today.
***** We are at the tail end of an era that has focused almost entirely on the innovation of products and services, and we are at the beginning of a new era that focuses on the innovation of what I like to call “behavioral business models.” These models go beyond asking how we can make what we make better and cheaper, or asking how we can do what we do faster. They are about asking why we do what we do to begin with. And the question of why is almost always tied to the question of how markets behave.
Join me for this event next week - should be fun (and it’s free :)
Join our next live, interactive virtual panel discussion on the IBM Global Business Services Video Channel on Livestream.
Date: Thursday, September 8, 1230pm EST
Topic: Mobile commerce is poised to take a great leap forward over the next ten years. How will it change the digital landscape in the process?
Alon Kronenberg, Practice Lead, Mobile Applications Practice, IBM Global Business Services (Host)
Set a reminder to join IBM and our virtual panel of thought leaders to examine how mCommerce may reshape our lives over the next ten years.
- Personal Branding in the Digital Age: Futurist, Author and Keynote Speake Gerd Leonhard (audio podcast) (gerdleonhard.typepad.com)
- Futurist conversations: Ross Dawson and Gerd Leonhard on the future of Nokia (rossdawsonblog.com)
Futurist & Keynote Speaker Gerd Leonhard: Friction is Fiction (by gleonhard) - This video summarizes the key messages of Gerd Leonhard’s 2009 book “Friction is fiction” (free PDF: free PDF at http://gerd.fm/ibXx2G). The bottom line is that in a networked and digital society we can no longer merely rely on FRICTION i.e. planned hurdles and carefully placed obstactles to enforce payments or otherwise get paid for something. Most traditional friction points - whether in media / content, communications / marketing or business and commerce - can now be easily bypassed … read on.
The Futures Agency (TFA) helps brands, companies, organizations, governments and individuals to better understand - and then, act upon - the challenges and opportunities facing us in the next 3-7 years. We aim to find, filter and share actionable foresights, and work with our clients to imagine and design their preferred futures.
Email us for more details: firstname.lastname@example.org
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