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And Airbnb, iTunes and Netflix are next
Dateline: 5 April 2018

Uber has been taken out by an unexpected competitor – the crowd. It’s ironic really, because Uber was the first company to leverage assets it didn’t own and didn’t control, yet created an eco-system that provided a platform for viral growth; a truly exponential organization.

Now it’s been ubered by a crowd-sourced, crowd-funded and crowd-managed system for ride-sharing and joint car ownership. Called Arcade City, it’s an Uber-like app-based platform for riders and drivers – but it’s owned by the community, not Silicon Valley nerds. It uses blockchain technologies for trusted transactions, and for distributing any profits back to the car owners.

Each car and driver in Arcade City is a mini-business. When these cars become fully autonomous, self-driving and connected, they will have their own bank accounts; well, wallets really, but they will operate as independent financial entities for their multiple owners. Connected autonomous cars will respond to riders’ calls, pay for recharging and maintenance, and earn income for their investors – a blockchain business on wheels.

Airbnb, iTunes and Netflix all face similar disruption, as blockchain technologies enable the valueweb, an internet of true value exchange with anyone at any time, decentralised and distributed. Why buy or rent songs, movies, rooms or anything else from a big corporation, when you can do it with complete transparency from the network itself, where even the customers can be shareholders?

As so eloquently predicted by Chris David, Arcade City’s CEO, “The reign of the unicorns is ending; now is the time for swarms!”

Links to related stories

Warning: Hazardous Thinking at Work

Despite appearances to the contrary, Futureworld cannot and does not predict the future. Our Mindbullets scenarios are fictitious and designed purely to explore possible futures, challenge and stimulate strategic thinking. Use these at your own risk. Any reference to actual people, entities or events is entirely allegorical. Copyright Futureworld International Limited. Reproduction or distribution permitted only with recognition of Copyright and the inclusion of this disclaimer. © Public domain image.

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