A few months ago, I mentioned that the level of discussion around cryptocurrency and blockchain was developing. People are beginning to think about secondary and tertiary value propositions. The elevated conversations even made me think about repurposing some of our underutilized hardware in our server room for some crypto-related purposes.
While I'm still skeptical about any given currency, I believe strongly in the blockchain. Trust has been eroded. We've lost trust in our media, in big tech, and in the banks. As a result, the blockchain economy will become more ubiquitous.
Blockchain is radically changing the future of transaction-based industries. Industry leaders are fervently evaluating and exploring blockchain to determine its potential for disruption and to create a long-term strategic advantage over their competitors.
Blockchain is disruptive because of its ability to digitize, decentralize, and secure the validation of "transactions." Everywhere there's a hand-off of information or goods, blockchain has the opportunity to improve that process. To not only make it safer but more efficient.
Imagine being able to see the entire history of a property ... and know it's accurate. Not just for the property, but the land, the air rights, land rights, and more. Imagine being able to track individual shipments globally through your supply chain with ease. Imagine being able to enter/exit countries without the elongated passport check-ins or the need for a new currency.
The list goes on … Aviation, Big Pharma, Manufacturing, Finance, SaaS … In the same way that artificial intelligence is transforming what's done by humans and what's done by machines, the blockchain is transforming security and how we transfer data. If data is the new currency, blockchain is the banking system.
Blockchain enables transparency and accountability on a radically bigger scale.
Here are two charts that talk about the evolution of crypto and blockchain ... and various ways you can get involved.
The first is a new graphic put together by MSCI on the rising Blockchain economy.
It talks about the rise in crypto volume, the new trends coming to Bitcoin, and more.
The second is a very simple chart that I first shared in 2018. It shows the non-financial uses of Blockchain.
NewCoShift via Crowd Companies
I've said this before, but it's worth echoing … Some of what was once Impossible becomes Possible. Some of what became Possible becomes Probable. And, and some of what became Probable becomes Inevitable.
Blockchain is happening. Technological shifts, like this, require you to think about your industry and your potential opportunity differently.
Change is happening faster (and creating bigger edges) than ever before.
What a great time to be an entrepreneur!
Seize the Edge!
Onwards.
