This document discusses the emergence of new distributed ecosystems and business models enabled by technologies like blockchain, IoT, and smart contracts. Key points: - Traditional centralized industries and infrastructures will be replaced by distributed ecosystems that blur lines and enable new types of collaboration. - Smart contracts will replace centralized business logic and allow for automated transactions and invoicing across ecosystems. - By 2025, these new ecosystems could generate over $50 trillion in revenue by facilitating services across industries like mobility, housing, supply chains, and more. - Successful ecosystems will be built on principles of openness, focusing on customer experience, selecting the right partners, and following where the data and value flows occur.