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C.K. Tse
C.K. Tse

C.K. Tse

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From Why Blockchain Differs from Traditional Technology Life Cycles by Daniel Heyman

The non-physical infrastructure was also minimal. The tools that can be best described as “core blockchain infrastructure” did not have easy access to the ICO market. Dev tools, wallets, software clients, user-friendly smart contract languages, and cloud services (to name a few) are the infrastructure that will drive blockchain technology toward maturity and full deployment. The cheap capital provided through ICOs primarily flowed to the application layer (even though the whole house has been built on an immature foundation). This created incentives for people to focus on what was easily fundable rather than most needed. Th…

From Why Blockchain Differs from Traditional Technology Life Cycles by Daniel Heyman

The ICO bubble, however, did not have the good side effects of a Perez-style bubble. It didn’t produce nearly enough infrastructure to help the blockchain ecosystem move forward.

From Why Blockchain Differs from Traditional Technology Life Cycles by Daniel Heyman

…the best path to success is to work through, rather than against, the existing technology paradigm. Third, the ecosystem needs to heavily invest in infrastructure for a new blockchain-based paradigm to emerge.

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