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Beyond DeFi – BlockChain Enterprise Solutions through DiFi

Beyond DeFi - BlockChain Enterprise Solutions through DiFi

It was Jan 3rd, 2009 that genesis block of Bitcoin was mined and since then this date is regarded as the birthday of Bitcoin. Now, in 2023, as we cross the 14th birthday of Bitcoin, it’s a much different world that we live in. Banks and Financial institutions that have grown bigger than Countries economies have been controlling and or influencing global policies. The decentralised movement, part of many such movements globally lead to arrival of Bitcoin. Many movements died while Bitcoin not only survived but lead to the evolution of BlockChain technologies.

  1. BlockChain technologies have developed at a significant pace. Use cases have grown phenomenally deep into every sector of business and public policy and administration. Public and private institutions to industries are exploring Blockchain for secure and safe implementation for better accountability. We are at a cusp of Tokenised economy taking over the traditional world as we know today (which will be a relic, soon) with the adoption of Tokenisation, distributed economy will get monetised leading to inclusivity and sustained equitable growth. or have very little say in the way business is taken forward with.

BlockChain community across the globe kept focusing on DeFi – Decentralised Finance. The community is so focused at driving this agenda that majority are stuck in a BIG bubble of “DeFi or nothing”. It is time to loosen the slack. DeFi approach essentially evolving out of Bitcoin challenged the centralised Banking ecosystem. But, Enterprises, Public Institutions and even Government Agencies are considering BlockChain Technologies. It’s time we appreciate that BlockChain is beyond decentralised. One of the fundamentals of BlockChain is Distributed Ledger Technology (DLT), this enables an effective functioning of distributed and yet centralised system. This is where the Private BlockChains have a play.

Over 105 countries (contributing to 95% of world’s GDP) are exploring CBDC, the BIG shift is underway. India has already done the pilots in both wholesale and retail space. Though the Finance Minister of India suggested that, they don’t intend to disrupt the traditional financial system, its matter of time before the Banks as we know will no longer wield the kind of power or influence they have been used to across the globe. This is sufficiently BIG cue for Blockchain Technology Businesses to realign their efforts towards Private chain instead of Public Chain. Look at Distributed instead of Decentralised.

  1. Every Public and Private Institutions, Enterprises, and Government agencies are striving towards achieving the following factors. DLT – Distributed Ledger Technology (the core of Blockchain technology) is very well placed to offer the core value through Private chain instead of Public chain to users.
  2. 1. Enhanced security for Customer Data to any critical information quintessential to the survival and success of enterprises.

2. Greater transparency is another key aspect that determines accountability across every stakeholder.

3. Traceability is becoming a significant differentiator to Product lifecycle and also customer journey across segments.

4. Speed and efficiency of fulfilment of service from Government agencies to Private enterprises is another factor of significance.

5. Finally, Automation is becoming the hallmark of every industry in its effort to stay relevant and even Government and administrations have started automating processes as Citizens expect ease and convenience that the Brands have made available.

Private Chain, unlike Public Chain gives huge confidence to Government agencies and large corporations and enterprises. While they still have to significantly change in the way they run administrations or manage Corporations from being a Top-down hierarchical (Pyramid) organisations to Distributed (Spherical*) Organisations, Private chain, gives them the best of BockChain Technology while still giving scope to operate in a closed environment. This will protect the interests of the parties be it Government or large corporations, addressing their threat perceptions of a Public Chain.

It’s time to move from DeFi to DiFi. Decentralised to Distributed. Unlock the value of BlockChain technologies without getting self limited. There is an all new world to be discovered. Great value to be created and even greater value to be realised.

* Spherical is with reference to business operating with Distributed Economy models and is in contrast to Circular (economy), which in principal refers to all the stakeholders while leaving out the majority while sharing the collective value.

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Tokenisation: Monetising collective value

Tokenisation: Monetising collective value

It is important to have the local community made relevant economically and this does not mean giving Charity. Best way to work towards keeping any local community economically relevant is through Distributed economy model. Distributed economy is nothing but Stakeholder economy. This is a way to share the collective value of the entity or state with all the stake holders, both direct and indirect. In the current model, only the promoters, investors, key leaders of the organisation and or in the state context, Large industrialists with access to power centres and lobbyists and few Policymakers and administrators are the beneficiaries. In distributed economy with Tokenisation, the model is inclusive, it does not disrupt the existing model but an over-lay of tokenisation ensures every stake holder also gets to enjoy the collective value by securitising the service. For better understanding please read

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This is best explained through an example or a possible use case. Let’s consider Uber. Uber has been a market leader and a pioneer that brought in the usage of circular economy to the common lingo. Uber details are here for you to look at from the public domain herein. My interest in taking this example is to capture how the great experiment brought about a change in the manner an entrepreneur can look at doing business to how the traditional market forces have taken control of it and if there’s a better way exists?

Uber’s Market Cap as on Sept 7th 2022 is 57.20 and while this does seem very good this was almost twice this, just about a year ago. While the revenue is around $29 billion. While Uber employs close to 30,000 people, It has around 5 million (50 Lakhs) drivers globally. While, it is evident that most of the drivers are non-exclusive, as in, in India good majority of them will also be driving with Ola and likewise in US on Lyft and such.

  1. What are our key takeaways from the above Uber story? Most of the key stakeholders are completely missing in the collective value sharing. (Who are the key stake holders? Ans: Drivers)
  2. What was a symbol of Circular economy is a classic symbol of financial Institutions controlled global business (with disregard to local / native ethos and the majority contribute to value creation of few controlling the money).
  3. Obviously, the (stakeholders) drivers when not treated as stakeholders and not shared with collective value have no loyalty and are exploring every other player, as other’s are also markedly indifferent to the stakeholders.
  4. Founders are not active or have very little say in the way business is taken forward with.

With operations in 72 countries and 10500 cities, the value could well have been few times the existing market capital and not just twice. Instead, in every region, Uber continues to have a fight for its survival. Only way they so far profited or generated significant value so far has been by offering to sell their regional business to the competition for their equity. For example, DiDi in China, Grab in Indonesia and Zomato (Uber Eats) in India. Value creation for stockholders or investors are best managed this way by Investors only and could not have been a play of an entrepreneur. Looks like, Uber has its Survival kit ready but lacks a surviving model to make it through.

This is where a new player or players can come in to the space and start another Uber and in a distributed economy model can build a Uber killer. What does it take? Map all the stakeholders;

  1. Founders / Promoters
  2. Employees
  3. Drivers
  4. Partners / Vendors
  • Tech
  • infrastructure or Car / transport makers
  • Service providers / Mechanics

5. Investors

6. Consumers

Sharing collective value with each of the stakeholders does not mean to share equally. Sharing collective value has been in practice though not with all stake holders, with early stage employees among startups and with key Management staff among large companies. How can we bring about the same across each of the stake holders and ensure that Founders get to create the value they so deservingly should? Because of all the risk they take, for their entrepreneurability, for all the ingenuity and in most cases for daring to believe in their dream and going against the norm. This is best achieved through Tokenisation, aka, BlockChain 4.0 that integrates;

  1. BlockChain 1.0: Cryptography (Crypto currency)
  2. BlockChain 2.0: Smart Contracts
  3. BlockChain 3.0: DApps & DAO’s

What does integrating all the three generations of BlockChain technology mean? It is essentially building a model that encapsulates each of the competencies in order to benefit from the core values while taking the benefit of the evolution of technology in this period. Which brings us to using DApps and DAO’s in the process of Organisation design by bringing stakeholders through the DAO’s and the service delivery through platform approach driven by DAPP’s and process flow and Smart contracts mapping process flow and rules (Algorithms) while crypto currency can be mapped to the security of the business or process or digital assets as tokens and there by rending higher credibility and real value to cryptocurrencies.

You have to make choice today, which world you want to live in.

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Distributed Economy and Sustainable way forward

Distributed Economy and Sustainable way forward

Old world order

Since the beginning of the 1600, World saw the fledging of the Globalised economy from Slavery to consolidation of native lands to grow alien crops to massacre of local culture, knowledge, arts, artisans, faith, languages. This saw the evolution of weapons of mass destructions from one to many simultaneously to the destructions of cities or communities triggered by an action form thousands of miles away. Humanity, controlled by few individuals in the name of faith to Godmen to Kings to elected representatives – that kept majority away from any knowledge which was an entitlement of the few in the power earlier – found voice in Digital devices from what they can know, to read to publish to sharing anything with anyone.


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Since then, visible Power structures have changed. Nation – States administration have changed. Politics has changed. Many currencies have come and many disappeared too. Borders have changed, expanded or merged and redrawn to create new Nations. World faced Wars, Famines, Tsunamis, Financial Meltdowns and even global Power centres changed in these four and half centuries. Modern world saw the highest migrations and perhaps it’s understandable considering the population has grown over 15 times since 1600 to now. While Less than 1% of the world Own and control 43% of the World’s wealth, bottom 50% of the population owns 1.4 % of the World’s wealth. We have learnt to segregate the world as full & flawed democracies & hybrid and authoritarian regimes. 


Failed systems hanging on.

World recognised 86 individuals for their contribution to economics with Nobel since its inception. 40% of fortune 500 companies don’t exist beyond 10 years. Among these companies except those coming from China and some of the Middle Eastern Countries, where in the government can take away all the wealth from the Individuals and companies in a flash, have so much wealth that can still dwarf some of the most developed countries’ (not just the developing countries) economies. Despite all the changes the world has undergone and population explosion and strain on the planet and so much of Technology advancements in every possible sector, wealth and value remains with far few companies and individuals across the globe. What is sustaining the inequality of this magnitude despite all the changes?


Governments in control. not economy.

Much of the World population has been governed in Socialism and this has contributed to more poverty in those countries. One third of the world population for major part of last century was under communism and sustained arm race and millions of people being killed in the process and much of the killing was of their own Nationalities. China did manage to pull good population above poverty but at what cost? Last decade across the globe world saw a revival of Nationalism. Some major countries have leaned towards becoming Authoritarian or semi authoritarian and the majority of their population have accepted them and have even encouraged in large numbers. All these political changes have impacted in demonstrating Nationalising of large enterprises or corporations, or their wealth in these authoritarian countries, but the value has not really reflected in the wealth creation of its citizens.


toppling the existing system.

Last few years of talking about Distributed Economy had only amounted to education of many but adoption still had to wait for the pandemic. It was 2020, which set the world to stop and rethink. All the negatives of demonetisation in India seemed to have setup a foundation for the explosion of Digital economy. While, all the Pyramid economy models were the first to start taking the advantage of Digital economy, they obviously kept away from the ‘Distributed Economy’. So, What is Distributed Economy?



Sustained Value for all stakeholders.

There are a few definitions, if one chooses to Google, and here is how we would like to define it : An economy where in every individual and or Enterprise who contributes to wealth creation (Sustainably), not only get a share of the wealth created through their contribution but also gets to enjoy the collective value generated out of that effort.


Facade, keeping up the show.

Many confuse it to be same as a co-operative model. Perhaps, it is being human, we tend to relate anything to our past experience or knowledge. This perhaps is the closest but again, this has sustained livelihood of the contributing individuals and entities but not really in getting them to enjoy the collective value of the effort entirely. Some even assume it to be Circular economy. While, Circular economy is an evolution of Industrial economy driven by the concept of Productivity, which invokes the innovative abilities of the individuals measured on productivity to minimalism, reuse and reduce waste. This is essential for the large corporations and people from developed nations, who approach the world and its resources with a sense of abundance and entitlement. But, this can be a great start for large corporations to get started in their journey towards Distributed economy.


Power centres control the world.

Various Business models have been in practice particularly since the dawn of the Digital economy. Digital economy began with the first phase of Digital Computer application in late 1930’s it took almost 4 decades for them to start getting into homes in the second phase. In the third phase came the Internet era that almost got much of the world connected. It is the fourth phase that saw the transactions in multitudes happening on phones and smart devices, which is now. While this opens up a huge opportunity for Businesses to engage in various Business models, Ventures did come up with inspiring models and so much so that much of the new wealthy and powerful in the world owe it to their unique models working with in the fourth phase of the Digital economy era. But, so much for the models the Businesses have managed to create incredible wealth while all of the value has been realised by the few founders and the investors only.


Other People's Money - OPM

Uber had reached a high of $82 billion in valuation and the highest a Uber driver ever made is little less $24 an hour, which will not cross $60K in a year without considering the extra hours. The platform based business models delivering convenience to consumers, and customer access to Businesses, on an asset light model sustained livelihood for many but all the value has been exclusively for the founders and Investors. Businesses like Amazon, Google, Facebook have gone on to capture the consumers data while facilitating the Brands to use those data for a fee to sell their products and services. The value they have created out of the users data and influence they have been able to generate based on that is far greater than the most powerful armies across the world. Even, when Businesses who have taken all the risk and investments such as Hotel owners, have been able to create huge value for Businesses like OYO at around $9 billion.

Benefiting the investors

Many of the Technology ventures started Employee Stock Options and obviously its effective on going IPO. But this was a big step and at least it did provide an opportunity for the Founders to share the value with its employees though not all of the stake holders. This largely remains a practice among the Technology companies only so far. But this demands going Public and then, much of the value is realised by the investor community rather than all the stake holders responsible in creating the Value. Going Public has lot more complexities, and even though there are SME exchanges, fundamentally the decision to go Public is not really about sharing the collective value with all the stake holders but just about getting more access capital and also about realising value for many of the early investors and share holders.

Lead the Change.

Here is our opportunity to change this all. Create opportunity for individuals and businesses to work to sustain their livelihood, create wealth and generate value, huge value and also get the share of the collective value each one has contributed to in building. A truly distributed economy, not just in theory but in practice. Not just in goodwill but also in deed. This is to invite every Individual and Enterprise who wants to be part of the Distribute economy model, which is about creating wealth for each of us and sharing the collective value among all of us. Every good effort starts with good intent, every collective effort ensures wealth creation and every wealth creates better value and every value is better realised collectively.