Few incumbents will succeed in deploying blockchain applications to enable new business models. The innovator's dilemma will prevail. Even if they aspire to, they must first get their feet wet within their business boundaries.

How do we create new value? You create value by running services on the blockchain.

You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets.

The Internet produces new business models and also reinvents traditional business models.

It's a new business for me to be a filmmaker.

Study how to write smart contracts, which is the basic unit of programming a blockchain for business purposes. It is the equivalent of being taught HTML and Java during the early Internet days. And master how to create assets or tokenize existing ones on a blockchain.