Decentralized Capital and Dapp Integration: Synergy is More Than Just a Buzzword

At DC we know that stable assets are a core component of the Ethereum ecosystem and a requirement for mainstream adoption. There are many flavors of stablecoins, and though we may be a little biased, we believe that the best option is one that’s backed by 100% reserves in a traditional bank account. This type of solution makes the most sense to the mainstream users that are bound to be attracted to Ethereum as the dapp offerings grow (I give them my money, they give me digital money).

(This is a follow-up to our recap of international blockchain week)

The main buzzword you hear around the benefits of the public Ethereum chain is synergy, and while it’s certainly part business school marketing speak, it also happens to be true; the more dapps we integrate with, the more valuable DC Assets become to our customers. Besides enjoying the presentations at Devcon, we also spent a large portion of our time talking with other developers and companies, evangelizing the benefits of DC Assets. The overall reception was great, with many dapp developers agreeing that stable assets are crucial for dapp usage to grow beyond the current crypto community.

Augur/Gnosis— Both of the teams were excited by what DC Assets can bring to their platforms. If these markets are to expand into the mainstream, then it’s critical that customers denominate wagers in their local currency. We’re in talks with Joey and the Augur team about how we can help them with their beta launch and bug bounty program, and we’re going to integrate with Gnosis after they get out of the beta phase.

DC Assets are a necessity for prediction markets, as they remove exchange rate volatility from the equation. In a smart contract prediction market you are by definition locking up assets for a period of time while you wait for an event to resolve. If you denominate this market in a traditional crypto-currency then you’ve essentially entered into two wagers; the wager you actually care about, as well as the price of the currency when the bet resolves. DC Assets remove the exchange rate risk, and provide a solution that’s appealing to both crypto-currency enthusiasts and mainstream users.

1st Blood— After witnessing an overwhelming level of support in the crowdsale, we’re excited to see the platform that this team delivers. The alpha launch will likely only allow wagers in 1st blood tokens, but they plan to open up further releases to any token that complies with the token standard, including of course DC Assets. We know that gamers outside the crypto space will want to denominate wagers in their local currency, especially the DCNY which is available to all of the chinese supporters.

Blocksure— This team is working to bring insurance on to the blockchain and is hoping to capture some of the $2 trillion market in the process. A shared platform will make it easier for providers, brokers and customers to interact and manage sales, premium collection, and claims. One of their big concerns was privacy, as their industry has strict rules on what customer information can be public (basically none). The Ethereum blockchain and its transparent transaction history is a no go, so we’ll be following zcash development very closely in hopes of incorporating it into our assets in the future.

Consensys (Assets & Accounting, UPort, Weifund, etc.) — The “Consensys Mesh” contains a host of products where it’s logical to integrate with DC. The Assets and Accounting team is working on an on-chain accounting platform, and is interested in using our assets to represent cash balances. We had a conversation with Weifund around how our assets allow companies raising funds to protect themselves from crypto price volatility, and Uport shared with us a little more about their vision for on chain identity (congrats to both teams on their success at Demo Day!).

Melonport — This team is building an on-chain asset management platform, a software tool for independent managers to set up crypto only portfolios. They’re looking to integrate DC Assets as an asset under management for their beta launch.

Maker — The maker team gave us a shout out in their presentation regarding simplecoin, thanks guys for the acknowledgment! Baskets of DC Assets and other crypto tokens could present interesting hedging or investment tools.

DFinity — Dominic Williams and his team are working to confront one of the big issues with corporations adopting Ethereum, i.e. how can Fortune 500 companies use the public Ethereum blockchain with situations like the DAO fork only a few months behind us. They’ve created Dfinity and partnered with BCG to try and realize operational efficiencies via a network of private chains, connected to one another by the public Ethereum blockchain. We spoke with them briefly about using DC Assets as a settlement tool for transmitting value between one private chain and another.

We’re continually on the lookout for new products that have a need for a fiat payment method, so if you have something you’d like to share with us, please reach out!