From Value Chains to Stacks: how technology is transforming the architectures of whole industries
In the past decades, technology has driven waves of industrial transformation. The first decade of the commercial Internet was about distribution and the disintermediation of traditional businesses. The second was about user-generated content: transforming the Web from pages into conversations, from a noun into a verb. The third, just beginning, will be shaped by three large themes:
Falling transaction c
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