For the last year and a half, I’ve done my part to convert Web 3.0 from promise to reality. I’ve looked at hundreds of blockchain projects, spent countless hours evaluating the space, and helped ConsenSys build out various aspects of its business.

These past 18 months have been the greatest intellectual journey of my career. Every day was a Talmudic investigation into the foundations of the internet and the faulty structures underpinning our online lives. ConsenSys was a training ground, my Dojo, for building a new and fairer internet.

Despite the awesomeness of this adventure, I’ve decided to duck out…

I recently came across this new McKinsey report which measures the “strategic value” of blockchain and distributed ledger technologies.

I didn’t hate it. The report adequately explained blockchain, debunked a few common myths, and presented a not-unproductive framework for blockchain use cases. As a former consultant at Bain, I dig these sort of reports.

But then I got to the 2x2 matrix — a classic consulting tool typically used to help companies navigate a sea of strategic opportunities. The matrix grades both industries and industry-specific use cases by scoring the potential impact of blockchain as well as the feasibility of…

There’s this thing called blockchain, and it’s going to disrupt every industry. For the first time in history, humans can transact directly and securely across the internet without relying on trusted third parties. The implication of this shift towards peer-to-peer, “trustless” interaction is profound. Decentralized platforms and networks will emerge to rival and likely disrupt Big Tech, banks, and incumbent industries.

Decentralization Will Prosper

Decentralized technologies enable data portability, preventing users from getting “locked in” to abusive, low-quality, or otherwise untrustworthy platforms. Blockchain-based technologies can also provide its users control over a platform’s rules as well as custody of their…

Ryan Lechner

Breaking the internet for fun and profit @ConsenSys Labs

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