Peer is all about collective innovation
The new paradigm shift
The internet enabled the global economy. We no longer live in a society where information is geographically bound. The free movement of information brought us the whole new possibilities and redefined the way we communicated. We believe that Blockchain will do the same, but improve by many orders of magnitude.
Since the advent of blockchain technology, the world is now witnessing a paradigm shift, from a single authoritative system which depends on trusted entities to a consensus-based system which everyone voluntarily participates based on their incentive with no central point of trust. Now we can transfer and exchange financial values anywhere instantaneously with no friction. We truly believe that blockchain will challenge the status-quo and redefine the norm to improve the world.
As Bitcoin introduced a concept of individuals becoming their own bank, instead of relying on authorities; as Ethereum introduced the idea that complex computation can be done in a peer-to-peer manner without a central processor, we now live in the world where people start to understand what it means to be sovereign, and this self-sovereignty is what drives Blockchain industry.
How will the industry evolve?
We believe the mechanism in which people interact each other will evolve in four stages: The current way of business operation is fragmented. Individual companies manage their own system, creating unnecessary duplication of data records and reconciliation through 3rd party when transacting each other. Distributed ledger technologies allow these isolated systems to efficiently manage information by creating a shared database system inspired by blockchain, which will function as a backbone of specific industry practices.
While entities preserve their independence, yet only share the processing logic, some will eventually adopt the permissionless nature of blockchain as the technology being matured in order to open up their business accessibility to the broader global community. We envision the future where these permissionless applications to flourish and communicate each other i despite of protocol differences. We believe that through various interoperability technique, we will eventually see thenew form of economy that is distributed and connected.
However the benefits that blockchain technology promises cannot be achieved without foundational works on the infrastructure. Building the infrastructure must be the primary task for all, and the anticipated future of blockchain-based economy is not a work of one entity, rather collaborative efforts of many participants under the same purpose in heart, and this is the reason why we formed Peer.
What is Peer?
Peer is a collaborative body, gathering entrepreneurs, engineers, and investors to build the blockchain ecosystem together. It is an umbrella for multiple companies to collective work for the same purpose, yet legally independent.
In Peer, companies build not just their own products, but necessary components for the whole ecosystem. We help public understand the idea of individual sovereignty and inclusive economy. We accelerate the adoption of decentralized applications by helping others and building our own. We believe that no one entity can build the whole ecosystem, and that is the reason why we drive for collective innovation, which companies create synergy by building things together while remaining independent.
Collective innovation (or collaboration) is probably the only way to ‘accelerate’ the transition to the blockchain-based industry. Companies within Peer may differ in terms of services and businesses, but all share the same purpose; adoption through collective innovation.