Welcome back. Previously we've covered different kinds of opportunities to build open network enterprises, either disrupting or displacing traditional centralized models. In this module, we'll explore how blockchain technology can expand on current business models, maybe by adding in a native payment system or reputation system. Maybe supporting a sensor-proof content, secure peer-to-peer transactions, smart contracts or autonomous agents. An idea may seem great on paper, but executing the idea requires you to look at several business model decisions. You need to think about funding and risk. You need to think about talent, partners, allies, and boundaries between you. You need to think about the timing of critical events. In this week's project milestone, you'll begin to think about what's necessary to transform your opportunity from idea into reality. You'll be able to identify the major risks you'll be facing and the ways that you could address them. You'll define your corporate boundary decisions, what you must do, what you could collaborate with others to do, which assets you can share, and so on. Next you'll identify who you need on your team and the skills and expertise and experience each needs to have. You'll also describe how you could go about attracting partners to work with your company. So let's start by assessing the feasibility of your idea. We've recommended using a Business Model Canvas. You'll find more on that in the recommended readings. Then you'll submit your canvas for peer review. Here are some specific questions to guide your thinking. What major risks will you need to address right away? Those could be market risks, technical, competitive, the availability and affordability of talent, funds. How will you define your corporate boundaries? For instance, will your company produce everything in-house? Will it partner, outsource some work to external suppliers? Do you need to have employees or can you hire skills as needed? Who would you need on your team to make this idea a success? What kind of experience and skill should each team member have? What steps would you take toward building the right team at the right time? How would you go about attracting partners and allies to work with your company? The Business Model Canvas provides some structure and a framework for your thinking about these questions. It covers key activities, key resources, and value propositions to customer relationships, segments, and channels. It also covers your cost, structure, and revenue streams, and there's a role for revenue. So please, go to the discussion forum if you have questions, we'd love to hear from you. For more on boundaries and business models, checkout Chapter 4 and 5 of Blockchain Revolution.