A layman's explanation —I hope this helps.

Distributed ledger technologies (DLTs) have given rise to the initial coin offering (ICO).

An ICO is a fundraising mechanism used by DLT projects to raise capital, typically in the form of well-established crypto tokens like ether or bitcoin. In the first quarter of 2018 alone, US$6.3 billion was raised through ICOs.

Fundamental to this new paradigm of fundraising is the token, and the tokenisation of digital and physical assets. There are different types of tokens, and many projects have raised funds by selling these tokens via an ICO.

The most common tokens sold via an ICO are utility tokens, or…

A note from Anthony: If you haven’t already, please read the article ‘Gaining clarity on key terminology: Bitcoin versus blockchain versus distributed ledger technology’ and ‘Consensus Explained’. If you’re new to this space, these articles will provide some useful context.

My son is nearly 10 years old. A few days ago, I shared with him the Byzantine Generals Problem. For nearly an hour into bedtime, he struggled with the problem and how to solve it — unsurprisingly! It is a fictitious problem, but one of the hardest problems of all time. …

A note from Anthony: If you haven’t already, please read the article Gaining clarity on key terminology: Bitcoin versus blockchain versus distributed ledger technology. If you’re new to this space, this article will provide some useful context.

From central to distributed

At the core of distributed ledger technologies (DLTs) is the distributed ledger, which contains a record of all transactions in a system.

As the name suggests, a distributed ledger is called this because data is stored across a network of computers called nodes.

Key to the operation of this distributed database is a mechanism to ensure the nodes on the network verify the…

Over the next month or so, I plan to share some thoughts about the world of distributed ledger technology. As a business leader, you should have the confidence to innovate and drive growth within your organisation, particularly when it comes to new technologies. That is why I intend to guide you through this exciting space.

In order to gain a better understanding of distributed ledger technology, you must first understand the complex world of cryptocurrency, and the various terms associated with it.

Cryptos, capital and the quest for control

In 2017, the rise of cryptocurrencies, most notably bitcoin, brought the word ‘blockchain’ to headlines, book titles and…

It’s clear blockchain will change the world because of three key issues it addresses: Decentralisation, security, and incentives aligned with outcomes. Below, I explain how these issues will be instrumental in changing the world, and how blockchain could help you overcome them.

How blockchain can help you address 3 big issues

Issue 1: Decentralisation

There is a growing concern in society related to the dominance and influence of central big business. Across many industries, people are warming to the idea that a decentralised governance and delivery model may be a better option. It’s seen as more inclusive, transparent, fair, and inherently aligned with stakeholder interests.

For the last decade, you’ve seen the…

‘Economic progress, in capitalist society, means turmoil.’ — Joseph Schumpeter.

I’m an inherent optimist, risk taker and opportunity hunter. As we kick-off 2018, here is what I think is going on, where things are heading, and what we need to do.

Unless you’ve been under a rock, it’s obvious that big-tech is getting stronger by the day summing an increasing pile of cash to further dominate and enter new markets.

If you are running a startup, it’s easier to get going nowadays but, with lower barriers to entry, harder to stay relevant and compete. More than ever, a niche is…

With the proliferation of data privacy challenges, a shift underway with geopolitics, increased levels of cyber-attacks and a tidal-wave of technology-based investment, what is the future of trust in our new economy? How will the internet now evolve?

Over the last ten years, platforms have emerged from the success of big-tech who now dominate entire industries — think Airbnb, Amazon, Netflix and Google. Platforms connect buyers and sellers creating economies of scale on both the demand and supply side creating a fly-wheel based growth engine.

For any business, one of the reasons to want a platform is for control. The…

Pre-Digital Incumbent or Big Tech, who wins?

In one corner you have the Pre-Digital Incumbent who can still throw hay-makers that will put you on the canvas, but is slow and seems stuck on the ropes trying to survive yet another round. In the other corner, you have Big Tech, who also has the power to put you on the canvas, but is fast and agile, dancing all over the ring throwing lefts and rights. If bets are being taken then put your next pay check on Big Tech. …

The tectonic plates of big business have shifted. Now, the most successful companies in the world have a digital platform at their core. Facebook, Alibaba, Amazon and Instagram — they all have one. And so should you.

It’s no longer the case that value is solely created as resources flow down the supply chain from producer to consumer. Instead companies need to consider how they fit into the bigger picture of the user’s end-to-end experience. Even if you only just skimmed our first post (here), you’d know that the user values nothing more than the experience. Many internal teams aren’t…

Anthony Stevens

Digital Transformation & Growth Leader | Working on Blockchain Futures

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store