No requirement of users for prior knowledge of blockchains or crypto — Designing a system that bridges the gap between the blockchain and the mainstream is essential for mass market success: Coinbase is a classic example of a product that has achieved this. Providing a user friendly, easy to use product is challenging in the world of cryptocurrency. However, it is more feasible with a sufficiently large, experienced, product-focused organization, that leverages a global community of developers. This is one of the key reasons I have high hopes for projects like Filecoin, Blockstack and PROPS.
In establishing a “proof of caring” system, Quantstamp has effectively asked everyone who is involved to get to know them before you jump on the bandwagon. You want to become a tier 1 investor? Then you’ll need to know what Quantstamp stands for, express it in your own words, and spread the gospel to the community at large. You have to attach your identity and name to the claims you make on their behalf. No more anonymity in an anonymous space ripe with frivolous claims and abuses. The investor is in effect sharing the story of a company, in success or failure, and aligning themselves not only financially, but idealistically with the project. Quanstamp is creating a caring revolution that is codifying a fresh look at investment strategies with an attachment to community first. Quantstamp claims to be creating a protocol that is both a scalable and cost-effective auditing solution to solve the security problems for smart contracts on the Ethereum network. They have a working prototype in place and a legitimate team working behind the scenes. But more importantly, they are authentically invested in their protocol and philosophically standing behind their project with a moral and social compass that presents a new face on the crypto investment culture — a face that doesn’t hide behind the veil of deception, half-truths, and inept whitepapers.
Blockchain technology, which is driving decentralization across numerous industries, has the ability to transform the future of digital media platforms. It allows us to not only evolve, but reimagine value distribution in the space.