ICO party is over and sanity is back. Crypto enthusiasts have started asking about the adoption and possible adoption. So how will real adoption come?
Here is my hypothesis:
1. The blockchain infrastructure is almost ready to handle expected loads and security. There are numerous options ( Ethereum, Ontology, Hyperledger, etc.) with varied features for founders to build upon.
2. The reason why someone would want to build using blockchain is to leverage on its trustless nature where "True Peer to Peer" transactions will take place without an intermediary (brokers, institutions or platforms). In other words, Mathematics will possibly disrupt the FANGs and alikes. Google Ads get replaced when content publishers can connect directly with audiences and have a mechanism to reward them. Uber gets replaced when drivers, car owners and riders can connect automatically. Insurance companies gets replaced when people create mutuals and insure themselves.
3. Some of the junior platforms with existing users could potentially do a reverse ICO and try to disrupt themselves and possible the larger incumbents. For example - Spuul has created a platform called Spokkz. If Spokkz succeeds in creating a content generation and consumption economy which is fueled by their tokens, they could possibly go against the likes of Youtube and Netflix of the world.
Still very early days for the blockchain ecosystems and lot of maturity has to come. But I think the Trustless Decentralised Networks have a fair chance to disrupt the Disruptors of last decade.
Here is my hypothesis:
1. The blockchain infrastructure is almost ready to handle expected loads and security. There are numerous options ( Ethereum, Ontology, Hyperledger, etc.) with varied features for founders to build upon.
2. The reason why someone would want to build using blockchain is to leverage on its trustless nature where "True Peer to Peer" transactions will take place without an intermediary (brokers, institutions or platforms). In other words, Mathematics will possibly disrupt the FANGs and alikes. Google Ads get replaced when content publishers can connect directly with audiences and have a mechanism to reward them. Uber gets replaced when drivers, car owners and riders can connect automatically. Insurance companies gets replaced when people create mutuals and insure themselves.
3. Some of the junior platforms with existing users could potentially do a reverse ICO and try to disrupt themselves and possible the larger incumbents. For example - Spuul has created a platform called Spokkz. If Spokkz succeeds in creating a content generation and consumption economy which is fueled by their tokens, they could possibly go against the likes of Youtube and Netflix of the world.
Still very early days for the blockchain ecosystems and lot of maturity has to come. But I think the Trustless Decentralised Networks have a fair chance to disrupt the Disruptors of last decade.
Thanks for the informative article! waiting for your next post Private markets
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