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THE FUTURE OF
TRANSACTIONS (&VALUE)
@gerriesmits x @ISECrossBorder
7/12/18
Applaud yourself1st
#strategist
#workshop-facilitator
#consultant
#concept-dude
#speaker
#asker-of-questions
#listener
#program-designer
#view-from-the-outside
Hi, I’m Gerrie
Smits, CCO



My drive =
Making sense of
the impact of
‘digital'
Recently,
published
author
In a few decades, 

technologywill radically re-design 

howwe exchange services, products 

+ what we define as ‘added value’.
Statement fortodaybrief
I hate looking into the futurereal
From ‘no way’…agile
No warehouses!
No stock!
No shipping!
Amazon Business Strategy, 1994
…to ‘why not’agile
Ifwe’re honest
real
Leadership
Speed
Skills
Flexibility
Incentives
Purpose
All models
are
wrong,
but mine
is useful

…

(for me)
To the moon
1
What do you mean, disruption?#1
What do you mean, disruption?#1
Buy. More. Technology.#2
Awesome!risk
Digital is not about implementing
technology.
It’s about understanding its impact
and applying a set of principles,
ways ofworking and a culture 

to meet people’s needs, behaviours
& changing expectations.
Another definition of digital“”
E-commerce is realfact
The end ofthe beginningffwd
source: Benedict Evans
Tech is getting more complexfact
BLOCKCHAIN
verification + trust machine

a way to immutably transact 

things of ‘value’
Role of middle-men decreasesfact
There’s a blockchain app forthatfact
P2P Electricityfact
M2P Electricityfact
IF /played, streamed,…/
THEN /pay/
fact
The blockchain promise
B2B2B2B2B2B2B2B2C
wtf
Internet ofvalue/transactionsweb3.0
Very meta 

illustration
Yeah, 

but the tech is nowhere 

near ready 

+ 

nobody’s using it 

right now.
Sure, Smitswaeva
Until it is
and/or
until they do
FTW
‘Company’ in web3
2
Back to basics
Business 

= 

creating value (through work), 



selling or trading it to customers,



capturing some of that value as profit.
rew
Value >< Profit
CEO
Us
Shareholders
→
Value >< Profit
→
The ‘real’ blockchaincue
Verification machine
Trust machine
Incentive machine (via crypto-tokens)
Immutable rules machine
Margins >< value of coin networkcoop
Advertisers + users + publisherswhat if
Token economy networks, where 

stakeholder create value together
wtf
Tokens + Reputation = Rewarddao
IF /add value/

THEN /profit from network value/
basic
What would Zuck do?if
Paradigm shiftwtf
+
+
ENTREPRENEURSHIP/PROFIT
ETHICS/PROSPERITY
TECHNOLOGY
Companyvs Aligned Incentiveswtf
The business of the future will not be the one
that is (just) agile, user-centric, has digital
leadership,…



It will be the one that manages to align the
incentives of all participants or stakeholders.
- Ray Amara, 

scientist & futurist
“”
“We tend to
overestimate the
effect of a
technology in the
short run 

and 

underestimate the
effect in the long
run.”
WIF: Why Innovate for
the Future?
2
WTF
=

Tech touches
on
fundamental
issues
#strategist
#workshop-facilitator
#consultant
#concept-dude
#speaker
#asker-of-questions
#listener
#program-designer
#view-from-the-outside
wtf
CAV : Core added valuecav
B2B2B2B2B2B2B2C
Core

Added
Value
BETL = Innovation is difficultbetl
THANK YOU >>




TIPS ONLY IN CRYPTO
gerrie@gerriesmits.com
+32 491 354 365
@gerriesmits
Bitcoin Ether

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Transactions in the Future - ISE Conference 4th Dec 2018