Blockchain Healthcare Conference Showcases Skepticism and Promise
#Blockchain‘s pie-in-the-sky optimism got some pushback during the Distributed: Health #conference this week.
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‘Wear’ to next for business first wearables?
Mention #wearables, and most of us immediately think consumer #first – the Apple Watch, Fitbits, Google Glasses and so on. But when it comes to business or enterprise applications for wearables, many of us draw a blank. The challenge for many of the companies that create wearables (Apple, Google etc),Read More
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Nasdaq Wants to Patent Blockchain Backups for Exchanges
#Nasdaq is looking to #patent a way in which a #blockchain can be used to record exchange transaction records.
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Filling in the ‘Hole’ Innovation Is Leaving, Horizn Onboards Everyone, Not Just You-Know-Who
Janice Diner is not your typical startup founder. She hasn’t sought venture capital funding; she doesn&8217;t do beta and she isn&8217;t pitching to millennials, the demographic du décennie. On going forward without backers, the CEO of #Horizn says: “We never do anything for free. We get paid for what we do.”Read More
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Russian Central Bank Sends First Distributed Ledger Transactions
Russia’s #central #bank said today that it has successfully completed a #distributed #ledger trial.
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So, Ethereum’s Blockchain is Still Under Attack…
What began over two weeks ago with spam attacks has escalated into a battle pitting ethereum developers against unknown antagonists.
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United Nations Lab Testing Blockchain for Remittances
The worldwide development network for the #United #Nations is pursuing a series of #blockchain-focused projects.
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Federal Reserve Governor to Address Blockchain in New Speech
#Federal #Reserve board member Lael Brainard is scheduled to issue new remarks on #blockchain #technology later this week.
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Checking investments from your wrist or your eye
We live a world that we still check our wealth #from our laptop or our smartphone. Tim Cook is leading us to check our #wrist for our health. Wearables for our finances, are still in the “nice to have” category and nowhere close to becoming the next black. Will GoldmanRead More
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Devcon2 and Ethereum and the Future
There is a sense of deflation following Devcon2. I think it is because the “killer app” did not appear, and the incremental improvements, while real, were already baked into the cake. What did emerge is a more comprehensive sense of where the “walls” are. One of them is the difficulty figuring out how to monetize an open platform. Not easy.
This means that IBM and Microsoft can wedge themselves into the ecosystem and become an essential part of it by providing the support and infrastructure for development tools and data transfer for a plethora of proprietary blockchains. It also means that proprietary blockchains that are being developed by Accenture and others may become the default for innovators and suck up the creative energy we hoped would be invested in evolving open systems. For those of us who envisioned the democratization of banking and other transactions and data sharing, this is disheartening.
Those who start a new #blockchain with a few integral smart contracts can make money for the first group of investors if their blockchain gains traction and continues, but the income is front loaded to such an extent that the second or third funding tranches will have significantly diminished potential for a sizable return. I can see why most Venture Capital firms are passive about blockchain – there is no business to build that will enable the VC to cash out in a three to five year horizon. By that time, almost any business model and method can be replicated by a competitor using open source tools.
So content is still “king.” It is the businesses that link content – preferably proprietary content – to the blockchain that will be sustainable. The blockchain(s) and their applications will probably be a variant of a public utility. I look forward to reviewing counter-arguments that any of you offer. My best response is to encourage you to explore the concept of the #DADE (Distributed Application Development Entity) where a royalty income stream is democratically generated from crowd sourced software innovation and business development activities for consumer facing applications developed through smart contracts on the #Ethereum platform.
[linkedinbadge URL=”https://www.linkedin.com/pulse/devcon2-ethereum-future-stan-smith-knowledgelevers” connections=”off” mode=”icon” liname=”Stan Smith Knowledgelevers”] is Co Founder at Kleverer.com – blockchain and distributed application development entities – the DADE
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