And why we should build it

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Blockchains/DLTs are birthing distributed social networks, where reputation is stored in an immutable fashion. A few initiatives are already underway to leverage this for P2P lending, or to accelerate distributed workforces.

But a much larger change is afoot. Reputation’s true potential extends beyond facilitation of monetary activity.

A big piece of this future is due to fall in place with Holochain’s activation. Holochain’s agent-centric approach will push down the cost of storing reputation radically! …


Building Critical Mass within Holochain

Hello All! 2018 was dedicated to showcasing our vision but 2019 is about tangible implementation and building a critical mass of entrepreneurs and users.

A glimpse into our strategy was earlier shared through our detailed Year-end Review. For those who haven’t been active in our chat-rooms, here is an update on what we’ve been up to and our plans for 2019.

Reputation, the real wealth of the New Economy!

It’s a phrase you’ve heard all through our interactions last year. The volatility and turbulence in most blockchain platforms has led to a vast cleansing over the last 6 months. Designs borrowed from the centralised economy have fallen away swiftly, validating our decisions to focus on reputation as a form of wealth over tokens/cryptocurrencies etc. …


Excerpt from an article due to be published in the Bombay Chartered Accountants Society Journal, as part of their 50 year celebrations.

Blockchains and distributed ledger technology have had their share of hype. Bitcoin, Ethereum and cryptocurrencies have enjoyed the limelight, but what is their potential? While there are enough technical articles on how blockchains function, the true challenge lies in articulating their potential.

Simply put, these technologies allow us to maintain a distributed consensus for the ledger. As opposed to a centralised authority maintaining information, we can now do so in a distributed manner. What are the far reaching consequences of this for us? To answer this question, we need to grasp the context of the larger shift that is underway in technology. …


Our interactions across New York City and at Columbia University added substantial depth to our discussions. All this while the architects of our distributed economy are laying the ground to launch our token economy. Here are insights from our visit to the East Coast below!

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Here are key reflections from the week gone by:

Interactions: Discussions in London focused on movements and their implications in social justice. But over on the East Coast, NYC and Columbia dove deeper into social networks and distributed technologies. Here are two questions that stood out in particular for us:

  1. “Isn’t this going to make things worse? Weren’t social networks like Facebook/Twitter etc. distributed in nature, and haven’t they fuelled the polarisation in the world today?” …

From senior bankers to young entrepreneurs, a highly respected Reverend Canon and more. London brought us some of the most diverse groups we’ve seen ranging from ages 17 to 75. It’s been lovely to throw open our platform to these varied collectives. All this while our distributed economy architects in Asia are focusing on the token-issuance that’s due in mid-August.

Here’s a quick summary of what transpired last week in London as we make our way to NYC!

Interactions:

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Super-being Labs hosted us for an interaction with a group of philanthropists, senior bankers and design thinkers. …


Seven days in Helsinki and Estonia allowed us to interact with startup communities, innovators, and some of the most progressive regulators in the world. Through all these conversations we’re inviting Genesis Entrepreneurs to give shape to our reputation economy.

Here’s a quick summary of what transpired this week as we head to London!

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Interactions with startup communities: All through this journey, we’ve been on a quest to build our reputation economy with 45 Genesis Entrepreneurs. With this in mind we have been meeting some of the most diverse innovators, thought entrepreneurs and movement-shapers out there.

Maria01 and Microsoft Flux, both hotbeds of social and tech innovators in Scandinavia hosted Sacred Capital for a couple events this week in Helsinki. While Maria01 was with a larger audience, Microsoft Flux allowed us to dive deep with potential Genesis Entrepreneurs. Check out insights from these events on the video below. …


Can distributed economies really give shape to value that is worthy of the 21st century? It’s a question several people have been asking.

But before we dive into answer the question, we must realise that the distributed economy works vastly different went compared to the traditional economy. The latter, was developed in an era of industrialisation, where the emphasis lay in building material capital. It also had the benefit of centralised authorities that could enforce adherence to a code of conduct.

Of course, there’s no such recourse in the distributed economy. Perhaps that’s the reason Gandhi said - distributed economies only thrive when there is strength in the underlying social fabric.


Hello All:

72 hours in Shanghai engaging with communities and speaking at a fin-tech conference have left me with fascinating insights. There’s little doubt that this region will play a strong role in the Sacred Capital eco-system in the months to come. But more on that later.

Over the last couple months everyone has heard us speak endlessly about reputation systems for the distributed economy. Ten days ago our approach received a phenomenal boost through the Initial Community Offering of our good friends at Holochain.

Most of you have heard us speak about Eric and Art, Holochain’s two founders. Over the years they’ve offered me timely guidance on how to think about the distributed economy. They’re considered stalwarts of this space, and have been involved in currency design for a couple decades. In fact, an article reviewing their ICO had this to say about Art ‘If his profile doesn’t scream distributed economy, I don’t know what does!’ …


Here’s a summary from a recent trip on the road. Excerpted from a series of emails!

Hello all

The last 7 days in Mumbai have been magical for us at Sacred Capital. From investor communities to groups of progressive students — we’ve engaged with over 500 people in just a week. For those who couldn’t join any of the events, check out the videos and reflections on this link.

It’s been an absolute pleasure explaining our larger vision and plans for our Programmable Economic Space. …


That’s the question that came up in my interaction with the Singapore Government today. That’s a question worth a serious debate, but this little thought stuck out in my mind. Highly relevant for anyone following the potential of Distributed Ledger Tech.

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The slide above shows how big-tech is making a strong case for becoming the new financial services players. The fact that you know how many rides a driver is offering each day allows you to extend loans to him. Your Fitbit could potentially make your insurance premiums lower, and so on. We’ve known this for a while.

But DLT takes this even further. It is now super simple for anyone to keep safe, secure, immutable records of any transaction. Therefore, anyone can become a ‘financial institution’. The value lies then shifts in creating some sort of social fabric which binds people together. So potentially, you won’t need to be an Ali Pay with several hundred million customers — you can even have a 1000 people on your app to initiate some kind of financial services activity — loans, p2p insurance using simple smart contracts. …

About

Siddharth Sthalekar

Founder: Sacred Capital

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