A firm is just a "nexus of contracts." Payroll contracts with employees, profit contracts with shareholders, debt contracts with lenders, delivery contracts with customers, tax contracts with the state.
Blockchain-based "smart" contracts will eventually reinvent the firm.
Even before https://t.co/mUzn6qOEIq, initial coin offerings have raised more than $9 billion this year, compared with less than $4 billion in all of 2017, according to ICO data tracker CoinSchedule. Messaging service Telegram raised $1.7 billion. https://t.co/zHJoQlUga4