So can this project kinda be seen as a competitor to Amazon? It is business to consumer right? I hope there will be a lot of focus on attracting businesses, if the products are offered at a good price, consumers will follow quickly.
Yeah, that's what I'm wondering as well. By the way, maybe amazon will switch to blockchain platform soon ..
Amazon is huge, funny to compare a start up with Amazon. As long as big companies dont switch to blockchain, current ICOs still have a shot
sorry if a little off topic but why do big companies don't do that?
They just still havent done it yet.
I dont know the reason , maybe because they still dont trust blockchain, or its just a matter of time.
But who knows if they will actually switch to blockchain.
I am pretty sure a lot of bit companies like Amazon are looking into possibilities to integrate blockchain technology, but I assume they are checking it in detail first before they move. I mean, if they would adopt it they probably need to change a lot at their current database etc, which will bring in expenses and time to do so.
I also think, that such big companies will create their own solution, perfectly adopted to their existing databases and environment.
that may happen, but a lot of times big companies just prefer to buy a company with the technology already developed.
I think it's much harder for existing companies, even big ones, to implement new ideas. It requires a big change in the way how things work and there are big costs involved and everything should be so carefully planned.
New ideas are always a litte bit tricky and need a lot of time for planning and implementation that they are a success.
That's true.
The bigger the company the tougher is the transformation.
Giant companies have to take care of their entire environment they live in.
You can't simply update the webpage and start living a new life.
It's totally a brand new approach as regards to the employes, business development, policies, IT infrastructure, business-partner relations and so on.
The utmost vulnerability is commanded by the market reaction and share price. Having blockchain industry and crypto-currency not regulated yet to the extent they treat it acceptable, the market majors are really sober and stay away from the fray. They wait for the right moment to step in.
