Avalanche is an open, programmable smart contracts platform for decentralized applications.
Avalanche allows you to launch Ethereum dApps that confirm transactions instantly and process thousands of transactions per second, far beyond any decentralized blockchain platform today. It also allows you to deploy blockchains that fit your own application needs. Build your own virtual machine and dictate exactly how the blockchain should operate. "Scale to millions of validators with minimal hardware." - Avalanche
Another incredible feature of Avalanche is the ability to Stake, or lock up, your personal AVAX to help process transactions and further secure the platform–providing security guarantees well-above the 51% standard.
1.0 Findings: Industry Model Innovation
How did we determine that Avalanche is a revolutionary
smart contracts platform? And why did we give a score of 9.4?
It is because we think Avalanche achieved Industry model innovation.
This means that Avalanche innovated the industry value chain by moving into new industries, redefining existing in- dustries, or creating entirely new ones by identify- ing/leveraging unique assets of the organization.
Industry model innovation is a type of business model innovation which is the art of enhancing advantage and value creation by making simultaneous—and mutually supportive—changes both to an organization's value proposition to customers and to its underlying operating model.
Avalanche achieved industry model innovation through a better & faster & eco friendly smart contract platform that out performs any of its competition.
SOURCE: https://www.avax.network/
3 main areas that can be leveraged by the high-performance capabilities of Avalanche.
1. Decentralized Finance (DeFi) DeFi is rapidly growing beyond the limits of one chain. Avalanche is fully compatible with Ethereum assets, apps, and tooling with faster speeds, higher throughput, and lower fees.
Asset Issuance
Automated Market Makers (AMMs)
Borrowing & Lending
Decentralized Exchanges (DEXs)
2. Institutions, Enterprises, and Governments Avalanche is the best verifiable platform for institutions, enterprises, and governments. Launch assets, build applications, and create subnets with complete control over your implementation with compliance, data security, and other rulesets built into the foundation.
3. Digital Collectibles Mint your own digital collectibles in seconds for fees less than a cent. Digitally prove ownership, and streamline value flow. Create and share art, collectibles, and more with all the benefits and none of the downside.
Conclusion
Avalanche is a revolutionary smart contracts platform due being a great example of an industry model innovation. Correspondingly, Avalanche received a project score of 9.4
Key Purpose: Uncovering The True Value of Avalanche
Key Readings & Sources:
Business Model Innovation Delivers Competitive Advantage
https://www.bcg.com › innovation-strategy-delivery › bus...
Business model innovation: a review and research agenda
https://www.emerald.com › ... › Volume 22 Issue 2
Business model innovation: a review of the process-based ...
https://link.springer.com › article
Innovativeness in Business Models - ScienceDirect
https://www.sciencedirect.com › science › article › pii
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