Here are three tips on how your business can thrive in a monopolistic industry.
- Be flexible where they can’t
- Solve a unique problem
- Be a first mover
A further interesting technological opportunity is blockchain technology. Besides providing the framework for cryptocurrencies, this technology offers a variety of interesting use-cases that attract big-tech skeptics like bees to honey. From blockchain-based file storage, to smart-contract based transactions and decentralized governance, all of these aspects can be applied to an endless variety of business models.