Value Chain

Definition ∞ A value chain represents the complete sequence of activities involved in creating, delivering, and supporting a product or service. It details the progression from raw materials or initial concept through production, marketing, distribution, and customer service. In the context of digital assets, a value chain might describe the process from token creation and network development to user adoption and secondary market trading. Analyzing a value chain helps identify points of value creation and potential inefficiencies.
Context ∞ The current examination of value chains within the blockchain industry focuses on how decentralized technologies can disrupt or enhance traditional models of production and distribution. Key discussions revolve around the disintermediation of existing players and the creation of new value accrual mechanisms through tokenization. Future developments to monitor include the increasing integration of blockchain across various industry value chains and the emergence of decentralized autonomous organizations (DAOs) as participants in these processes.