Blockchain, Artificial Intelligence and IoT, ready for new models of business?

Blockchain, artificial intelligence and IoT are the future, but are companies ready for the legal issues relating to the new model of business? The Internet of Things obliges companies to change their models of business since one-off contractual relationships where they were selling a product are replaced by long term relationships for the provision of services with continous exchanges of data, potential liabilities and contractual issues. This is enhanced by artificial intelligence and blockchain technologies which increase the potential benefits, but at the same time also with higher reliance on the proper functioning of technologies. The shift that is happening in any business can be quite well represented in the image below of a "pizza as a service". Even the more traditional businesses might turn into a service if for instance, products are no longer purchased as part of specific order, but on the basis of a monthly fee which is calculated on the needs of the purchaser through sensors that collect information on the actual consumption of each product.