It’s 2018 — Blockchain is on its way to Become the New Internet

  • Bitcoin market cap $18 bil → $736 bil [USD]
  • Total market cap (excluding Bitcoin) $2 bil → $481 bil [USD]

The new Internet

Cryptocurrencies exists on the blockchain. The blockchain is essentially a new form of the internet. The two terms are not synonymous.

  1. Cryptocurrency (Bitcoin, Litecoin, Ripple)
  2. Platform (Ethereum, NEO, IOTA)
  3. Utility Token (TRON, EOS, Status)
  1. A decentralized transaction layer. (Ethereum — being the strongest)
  2. A decentralized file storage layer (IPFS and Swarm)
  3. A decentralized messaging layer (Matrix or Whisper)
  4. A high throughput computing resource (Golem)

Will Ethereum be the platform?

I don’t see how permissioned blockchains that lack cryptoeconomic incentives will ever stand against public permissionless ecosystems. — Andrew Keys, ConsenSys

What about the Utility Tokens?

Looking Forward

The Operating System (Status)

  • With Status your mobile device becomes a light client node on the Ethereum Network, enabling you to access Ethereum’s entire ecosystem from anywhere. Status is more than a messenger. Send payments and smart contracts to friends from within chats, and enjoy encrypted messaging by default, using a peer-to-peer protocol that doesn’t rely on centralized servers.

Monetization of open source code (Bounties)

  • The Bounties Network makes it easy to outsource the completion of any task, from code to social marketing, and everything in between. No fees are taken on the bounties you create, encouraging any project to post bounties on all tasks, paying out in any ERC20 token or Ether.

Legal industry (Openlaw)

  • OpenLaw is a blockchain-based protocol for the creation and execution of legal agreements. Using OpenLaw, lawyers can more efficiently engage in transactional work and digitally sign and store legal agreements in a highly secure manner, all while leveraging next generation blockchain-based smart contracts.

Supply Chains of the future (Viant)

  • Viant is a blockchain-based platform for modelling business processes, tracking assets and building the supply chains of the future. Leveraging cryptographic security and smart contracts, Viant provides organizations verifiable insights as assets are managed and propagated through the entire supply chain.
  • The scope of real world applications of this technology is huge! Just think about the size of the industries in the infographic below. On their own, they are massive, let alone collectively.

Scalable Network Capacity (Envion)

  • The switch from PoW mining to PoS mining will significantly decrease the power required for a blockchain to run, but until that has been completely implemented, we will require physical mining operations. Not to mention, the need to meet market demand as more and more Dapps are introduced and the number of daily transactions across the blockchain continues to increase.
  • Envion has built a highly profitable, global crypto-mining-infrastructure — Hosted in mobile, modular CSC containers — Decentralized placement directly at the energy source. The collapse in the price of solar-power panels has triggered an exponential expansion of new photovoltaic plants worldwide — leading to unprecedented local over capacities on sunny days. Envion can take advantage of this, while powering the blockchain.

Self-sovereign Identities (uPort)

  • Register your self-sovereign identity, secure your keys and data, collect badges and credentials, login to decentralized apps, and digitally sign transactions.
  • In November 2017, Zug, Switzerland piloted the self-sovereign identity platform and registered the first digital Zug ID on the Ethereum blockchain. A variety of services can be offered through uPort, such as e-signatures, parking fee payment, and an e-voting service. [The first citizen on uPort]

It’s going to be an interesting year!

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CTO and Co-founder of Krugo. Krugo is the digital headquarters for your social life. krugoapp.com

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Andrew Cretin

Andrew Cretin

CTO and Co-founder of Krugo. Krugo is the digital headquarters for your social life. krugoapp.com

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