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The free fall in the cryptocurrency markets & nbsp; he has the world of starting blocks that reeling. & Nbsp; With many business and finance titles & nbsp; focused on the largest losses in the public stock market, it is important not to lose sight of what is happening on the planet blockchain because of its importance for the future of the global financial system.
has announced that it will fire 60% of its employees. More and more investors and space start-ups are being cut off. The funding is drying up, the teams are started and part of the air is taken out of the ball.
This demolition of market capitalization & nbsp; and the restructuring is indeed in good health.
We recall the fervor around the dotcoms of 1999-2000 and the subsequent incident, which illustrates the path of creative destruction.
A young technology entrepreneur in Los Angeles was working on a startup called Red Swoosh. & Nbsp; Red Swoosh had a digital streaming technology, but it came across the burst of the technology bubble and struggled with funding. & Nbsp;
As reported elsewhere, that of the managing director
possession has been ruined from questionable behaviors – such as the alleged misuse of taxes due to IRS, and leaving many of those who worked with him unhappy when he reportedly recapitalized them from their actions before leaving. & nbsp; Many bodies were left scattered in his wake – but Travis Kalanick sold the company and made money for himself, and used that money to build Empire Uber. & nbsp; & nbsp; The rest, as they say, is history.
Similarly, outside the carnage of the blockchain, the next company that spans the world could emerge. & Nbsp; In the meantime, getting rid of some of the industry's most squalid characters and focusing on practical applications will help the industry get to work.
The € 300 million commitment of the blockchain to the European Union will provide critical seed capital to this next wave of innovation.
The 2019 Blockchain blockbook
A company manager & nbsp; thinking of developing a blockchain initiative within a large organization should consider the following for the uncertain times of 2019:
- Commit & nbsp; to "grow" management team. Can the team deliver? Do they have a performance track record with enterprise-class implementations?
- Organizations associated with the blockchain should provide a long-term financial commitment (2-3 years). This is an emerging technology and the life cycles of technological development are already substantial. & Nbsp; The funding must be sufficient to reach the implementation phase.
- The continuous investment in university innovation is fundamental. This nascent technology requires further research and development to unlock its full potential.
As an inspiration, consider & nbsp;
Amazon.comIt is 1000X
increase in value from the years' 90.
The company was put to the sedan during its early years for its history of losses and overly ambitious plans. & Nbsp; Yet he persevered, and experimented, and along the way unexpectedly discovered his technology
the infrastructure is substantially more valuable compared to the sale of books or dog food on the Internet.
Blockchain has not yet begun to discover it "app killer" and many fortunes remain to be exploited to exploit this new technology. & nbsp; 2019 should see the emergence of a new cohort of leaders that will light the way for this new new future.
We are not yet at the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.
-
- Sir Winston Churchill
information: & Nbsp; The Research Consortium of MIT The co-founders are funded by the industry and help develop systems based on blockchain, I teach blockchain innovation in Oxfordand & nbsp; I'm vice president of a blockchain-related company, Endor.
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The free fall in the cryptocurrency markets has the world of blockchain startups that falters. With many corporate and finance stocks focusing on the largest losses in the public stock market, it is important not to lose sight of what is happening on the planet blockchain because of its importance for the future of the global financial system.
Creative Destruction Redux
This demolition of market capitalization and restructuring is actually healthy.
We recall the fervor around the dotcoms of 1999-2000 and the subsequent incident, which illustrates the path of creative destruction.
A young technology entrepreneur in Los Angeles was working on a startup called Red Swoosh. Red Swoosh had a digital streaming technology, but it came across the burst of the technology bubble and struggled with funding.
As reported elsewhere, that of the CEO
possession was ruined by questionable behavior – such as the alleged misuse of taxes due to the IRS, and leaving many of those who worked with him unhappy when he reportedly recapitalized them from their actions before they left. Many bodies were left scattered in its wake, but Travis Kalanick sold the company and made money for itself, and used that money to build Empire Uber. The rest, as they say, is history.
In the same way, outside the blockchain carnage, the next company that spans the world could emerge. In the meantime, getting rid of some of the industry's most squalid characters and focusing on practical applications will help the industry get to work.
The € 300 million commitment of the blockchain to the European Union will be an essential starting capital for this next wave of innovation.
The 2019 Blockchain blockbook
A business executive who thinks about developing a blockchain initiative within a large organization should consider the following for the uncertain times of 2019:
- Engage in "adult" management team. Can the team deliver? Do they have a performance track record with enterprise-class implementations?
- Organizations associated with the blockchain should provide a long-term financial commitment (2-3 years). This is an emerging technology and the life cycle of technological development is already substantial. Funding must be sufficient to reach the implementation phase.
- The continuous investment in university innovation is fundamental. This nascent technology requires further research and development to unlock its full potential.
The new new blockchain
The company was put to the sedan during its early years for its history of losses and overly ambitious plans. Yet he persevered, and experimented, and along the way unexpectedly discovered his technology
The infrastructure is substantially more valuable than selling books or dog food on the Internet.
Blockchain has not yet begun to discover its "killer app" and many fortunes remain to be exploited to exploit this new technology. 2019 should see the emergence of a new cohort of leaders that will light the way for this new new future.
We are not yet at the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.
