Where is Decentralization Headed by William Mougayar Cryptospace Moscow Dec 8 2017

WHERE IS DECENTRALIZATION HEADED?

William MougayarInvestor, Advisor, Board Member

Author, The Business BlockchainFounder, The Token Summit and WMX

@wmougayar

Moscow, 8 Dec 2017

The Blockchain IS a DISRUPTIVE technology

© 2017 William Mougayar @wmougayar

3 Levels of Disruption

TECHNICAL

BUSINESS

LEGAL© 2017 William Mougayar @wmougayar

Database

Computing

Tokens as a new killer app

Native business models

Smart contracts

Googling 2.0

$14B$100B

$430B

Source:

Coinmarketcap.com


“You never change things by fighting the

existing reality. To change something,

build a new model that makes the

existing model obsolete.”---- Buckminster Fuller

The Blockchain IS1. Cryptocurrency

2. Computing Infrastructure

3. Transaction Platform

4. Decentralized Database

5. Distributed Ledger


6. Development Environment

7. Open Source Software

8. Financial Services Market

9. Peer-to-Peer Network

10. Trust Services Layer

The Big Themes1. Programming Money

2. Tokens as Utility

3. Business Process

Reengineering


4. Transactions in Value

5. Proving the truth

6. New Assets Liquidity

7. Governance Models

Key application areas1. Money

2. Financial products

3. ICOs

4. Native assets trading

5. Fractional ownerships liquidity© 2017 William Mougayar @wmougayar

What is a token?

A cryptocurrency with a special purpose


The killer app for the blockchain is not

tokens, but it is the creation of private

economies or ecosystems.

Tokens are just enablers to that.


What is Tokenomics1. How you design your token role

2. How you distribute your tokens

3. How you govern your token monetary policy


Tokens 1.0 vs. Tokens 2.0Copying what we see

vs.

Inventing what we don’t see© 2017 William Mougayar @wmougayar

Staying True to Blockchain Technology1. Removal of an intermediary or counterparty, and letting the

blockchain enact consequences

2. Peer-to-peer as infrastructure

3. Network effects with new protocols

4. Decentralization at many levels

5. Autonomy in governance © 2017 William Mougayar @wmougayar

ACID TEST for Tokens1. What would happen without the token?

2. Why do you need a blockchain?

3. What is the blockchain enabling that wasn’t possible

before?


BLOCKCHAIN IS 90% GOVERNANCE AND BUSINESS MODELS.

THE OTHER 50% IS TECHNICAL.


3 Ways to exploit the blockchain


Old trying New

New applying Old

New

inventing

New

Do you understand the economic

model behind your token?


What is a good token?


Will ICO success rates be better

than startups?


Will decentralized open source

protocols be more powerful than

their web equivalent?


Will decentralization deliver?


Will there be a crash? How?

When?


Will countries create their own

cryptocurrency?


How high is the sky, and how

shaky is the ground?


Will regulators poke the blockchain

in the eye, or ship it in shape?


Will Wall Street adopt blockchain

technology, or will a new financial

system emerge?


Is every asset in the world destined

to become liquid?


Are tokens here to stay, and will we

see more standards beyond ERC

20 & ERC 721?© 2017 William Mougayar @wmougayar

Thoughts for 2018

1. Regulation

2. Crypto Funds

3. Scalability© 2017 William Mougayar @wmougayar

4. “Better” blockchains

5. On-chain governance

6. Role of Foundations

THANK YOUWilliam MougayarInvestor, Advisor, Board Member

Author, The Business BlockchainFounder, The Token Summit and WMX

@wmougayar

[email protected]

http://startupmanagement.org/blog

mailto:[email protected]

http://startupmanagement.org/blog