Composable Business Merchants
In the modern business landscape, agility and flexibility are key. An ability to rapidly develop and alter your company’s offerings, particularly through the utilization of technology, is increasingly necessary to maintain a competitive advantage.
The composable approach aims to offer agile and rapid business customization. But without the correct team structures, companies are left still lagging behind. Newer organizational setups, such as fusion teams, work hand-in-hand with composable approaches to allow fast development and implementation.
Don Scheibenreif, Research Vice President at Gartner, has stated that composable business begins with three elements:
Composable Thinking – Ensuring creative thinking is never lost.
Composable Business Architecture – Ensuring flexibility and resiliency.
Composable Technologies – The composable tools, such as Packaged Business Capabilities (PBCs), for today and future business.
What is Composability?
The main objective of composability is to make the user experience seamless by having workflows jump between applications or businesses without requiring the user to manually travel between apps—taking an entire tech stack and making it a singular, fluid work environment. Composability removes the need to deploy and oversee separate workload-specific environments.
The very nature of this software methodology allows companies to create and reconfigure systems without having to move physical assets. Based on the various workload needs of an application, companies can set up computing, storage, and networking resources on-demand.
What is a Composable Business?
The application of composable business may be unfamiliar. Composability in business means setting up an organization in a modular way so it can reorient and rearrange as needed.
Composable business necessitates a fundamental change in business thinking, technology, and architecture.
By following the building blocks and principles of composability, businesses can quickly pivot—whether it be to a new opportunity, industry, customer base, or revenue stream—in times of disruption.
Business Process Outsourcing delivered as a platform merchant
The Builderchain ecommerce platform, and the back office merchants we are creating such as BuilderPay, are following the same approach as ADP Payroll business model. ADP Payroll does not provide its customers with payroll software, they provide a turnkey service.
When you subscribe to ADP Payroll, your company does need to worry about tax tables or deduction tables, or any of the other intricacies required to run payroll software. But your company realizes the full benefit of this service and expertise.
We believe Business Process Outsourcing (BPO) is well-suited for the residential construction industry where small to medium size companies are challenged with complex and expensive software implementations. BPO insulates these companies from that complexity while providing the full benefit, usually in a superior manner than what could be achieved with internal resources.
Didn't we always want the result anyway?
Front Office and Back Office Merchants
Merchants have been classified roughly into two groups. You will find these two groups defined as "front office merchants" and "backoffice merchants" (see diagram below).
Front office merchants are industry participants looking to execute construction projects utilizing the Builderchain platform. Backoffice merchants represent what historically would have provided departmental functions commonly found within these front office organizations, but now can be more effectively delivered as outsourced, turnkey, business services.
Front Office Merchants
Front Office Merchants benefit from the unique advantage of working seamlessly together within operational framework provided by the BuilderChain Network.
BuilderChain’s universal digital rails also serves as composable tools used for cross-organizational workflows.
Back Office Merchants
Back Office Merchants benefit from the advantage of working seamlessly together as composable businesses that compliment each other’s organizational structure.
BuilderChain’s universal digital rails also serves as composable tools used for cross-organizational workflows.
Our Unique Value Proposition
We leverage these unique efficiencies in a way that only a blockchain-based, cross-organizational marketplace platform can provide. Front office merchants can conduct cross-organizational transactions and workflows with back office merchants and other front office merchants.
Likewise, back office merchants will commonly conduct transactions and workflows with front office merchants, but transactions and workflows can also be conducted from one back office merchant with another back office merchant.
Digital Payment Rails represents one of five operational rails used to leverage composable business advantage.
Decentralization and the End of Employees
from a J. Epstein blog post:
Decentralized systems could accelerate the end of the full-time employment world and the “gig” economy is the new reality.
The Wall St. Journal recently published a powerful article called “The End of Employees”
The article starts off with a bang:
Never before have big employers tried so hard to hand over chunks of their business to contractors and quotes the former CEO of Virgin America, David Cush, who says:
"We will outsource every job that we can that is not customer facing".
