Definition ∞ Systemic Innovation refers to fundamental changes that alter the entire structure and operation of an industry, market, or economic system. These innovations are not merely incremental improvements but represent a significant shift in how things are organized and function. Blockchain technology is often cited as a systemic innovation.
Context ∞ In the digital asset sphere, Systemic Innovation is a central theme, as blockchain technology presents the potential to redefine financial markets, supply chains, and digital identity. Discussions often focus on the disruptive capabilities of decentralized systems and their long-term implications for traditional institutions. Observing regulatory responses and established industry players adapting to these shifts provides insight into the ongoing transformation.
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