Type of Blockchain Business Models explained by Jaian Cuttari

 A business model represents a technique or plan of a business to sell a product and make a profit from there. According to Jaian Cuttari, each business will make its way of conducting cooperation. However, there is a centralized model with owners or the shareholders, the association, the clients, and the employees.

A blockchain business model has all three main aspects of blockchain technology: it is decentralized, based on peer-to-peer transactions, within an authorized and reliable network.

The blockchain core alters the method a business works in areas such as the gush of transactions, evolution of entities, gains, and assuring that evolution is maintained during the evolution. These industry models ultimately help to enhance businesses and benefit end-users.

P2P Blockchain Business Model

Blockchain technology is a peer-to-peer technology, which allows end-users to exchange data between themselves. Tokens, BaaS, transaction fees, and other methods can utilize to make profits here. By providing a platform for data storage and sharing, Filecoin and IPFS are popular examples of this business model.

Blockchain as a Service Business Model (BaaS)

Blockchain technology and the ecosystem can be pretty intimidating for people in general. Nevertheless, this Blockchain-as-a-Service (BaaS) business model permits the clients to outsource all the backend structures and focus only on the frontend.

BaaS companies typically offer services such as user authentication, database management, remote updating, push notifications, cloud storage, and hosting. In this case, the end-users are usually not individuals, but businesses and organizations. As a result, they can experiment, test, and conduct research without worrying about how blockchain works or hardware infrastructure.

Token Economy – Utility Token Business Model

Tokens, which facilitate network activities, provide the functionality to businesses via the utility toke business model. The utility token business model is used by many startups, companies, and e-commerce websites today. Accordion to Jaian Cuttari, there are three important properties of the token utility: role, feature, and purpose.

Blockchain business models can be a combination of ideas, and there is no hard rule on how each and every one should operate. At the end of the day, selecting the right one will just depend on the nature and objectives of the business.