Blockchain puts traditional business models on notice

Experts say blockchain technology is rapidly disrupting traditional business models as new communities raise significant amounts of money based on an idea.

“It’s not a traditional business model…,” said Steinepreis Paganin Lawyers and Consultants partner Toby Hicks in relation to the impact of blockchain.

“[With traditional models] you would see the company issuing some form of interest within that company, and people having an ownership interest going forward,” he said.

Mr Hicks speaks to Coincast TV reporter Heidi Cuthbert to discuss the new way of raising funds.