{"id":534,"date":"2017-10-27T05:24:08","date_gmt":"2017-10-27T02:24:08","guid":{"rendered":"http:\/\/kusuaks7\/?p=139"},"modified":"2025-03-25T11:56:52","modified_gmt":"2025-03-25T11:56:52","slug":"from-tech-titans-to-blockchain-billionaires","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/fintech\/from-tech-titans-to-blockchain-billionaires\/","title":{"rendered":"From Tech Titans To Blockchain Billionaires"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tReady to learn Blockchain?\u00a0Browse courses<\/a>\u00a0like\u00a0Blockchain for Finance Professionals<\/a> developed by industry thought leaders and Experfy in Harvard Innovation Lab<\/em><\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIf the internet augured a world of frictionless information sharing, can blockchain augur a world of frictionless value transfer?\u00a0A standards war \u2013 or better still a\u00a0use case\u00a0knife fight \u2013 is being waged among blockchain technology companies large and small, as well as a raft of consultants who are pitching every novel blockchain use case to anyone who will listen.\u00a0The industry and world-changing outcomes that are promised are few and far between in the real world, with the exception of blockchain\u2019s so-called \u201ckiller app,\u201d Bitcoin and its digital currency brethren.\u00a0And yet, however fleeting or threatening the prospect of a low-friction economy may seem to established players, blockchain is here to stay and its power to transform, augment and disrupt may very well surpass the internet\u2019s.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tA growing cadre of people are recognizing that blockchain is in fact the \u201ckiller app\u201d of the digital currency era, going as far as likening it to a\u00a0foundational technology<\/a>. A growing number of entrepreneurs and investors are crowding in to the blockchain space all seeking to answer the core question: \u201cIf blockchain could not exist without the internet, what could not exist without blockchain?\u201d\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIt is this wave of creation, much like the early days in any emerging industry, that will drive the most profound change in the global economy minting a new generation of Tech Titans \u2013 call them Blockchain Billionaires.\u00a0In 1994, when Amazon was founded setting a young Jeff Bezos on a path toward an\u00a0$83 billion personal fortune<\/a>, it was easy for retailing stalwarts like the 124-year-old Sears, which is wrestling with\u00a0financial risks<\/a>, along with the\u00a0equally troubled<\/a>\u00a0J.C. Penney to dismiss the concept of online commerce or assume that \u201ctry before you buy\u201d consumer behavior was a steady state.\u00a0It turns out that neither assumption was constant with some existential consequences for traditional retailers that ignored opportunity\u2019s knock.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\nMuch like Blockbuster met its demise by not opening the door to the internet and the concept of content streaming, established businesses and institutions may meet a similar fate for ignoring blockchain\u2019s call to action.\u00a0The most enduring firms that roared through the internet bubble and the new breed of sharing economy giants, like Uber and Airbnb, have created outsized value by providing people with what they want in the real world.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tAt our core, people want less friction in their lives, they want more trust in their relationships, personal, professional and institutional, and perhaps most profoundly, they want common witness to their claims of value. For this reason, some of the larger blockchain implementations outside of the digital currency market have focused on reducing the friction while increasing the trust and security of\u00a0land titling<\/a>.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tFor most people \u2013 at least those that have the fortune of ascending Maslow\u2019s slippery economic pyramid \u2013 land and property represent their single largest assets. And yet, the drag coefficient, friction and opacity surrounding the lifecycle of this asset class labors under the weight of costly and inefficient intermediation, and, worst yet, risk-prone paycheck persuasion.\u00a0The result is that affordable homeownership is aspirational for most.\u00a0For the lucky ones who cross this threshold they are often burdened with \u201ctrust-inducing\u201d private mortgage insurance (PMI) as a condition of their loan, all to acquire an asset that can be whisked away from them with a stroke of a pen.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIn advanced economies, this event tends to be rare under the banner of eminent domain. However, in many developing and emerging countries land rights often shift with impunity behind the firewall of centralized record keeping.\u00a0The only public defense against this impunity is the collective memory and power of common witness.\u00a0Blockchain-based land registries are the 21stcentury equivalent of an entire village bearing witness to an unalterable transaction.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe advent of blockchain technology is not a zero-sum proposition for established industries and institutions, although it can be profoundly disruptive for late adopters.\u00a0Instead, blockchains can become an enduring part of a business model or operating process provided they connect to the things people value.\u00a0While much analysis on blockchain tends to focus on the business impacts in\u00a0finance<\/a>\u00a0and supply chain management, the opportunities, especially in the e-governance arena are bigger. Imagine modernizing campaign finance, for example, with a verifiable single-citizen token that tracked a political contribution from origination to candidate.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tNot only would this make the process much more efficient, it may very well accelerate and, critically, flatten the revenue model such that all viable candidates operate on common ground.\u00a0Without blockchain, this type of idea would be dead on arrival, for all current alternatives grind with the friction of centralization and special interests.\u00a0The era of Blockchain Billionaires and digital transformation is upon us and those that succeed will connect to enduring values and interests the way the Tech Titans have before them.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tOriginally posted at Forbes<\/a>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

A growing cadre of people are recognizing that blockchain is in fact the “killer app” of the digital currency era, going as far as likening it to a foundational technology. A growing number of entrepreneurs and investors are crowding in to the blockchain space all seeking to answer the core question: “If blockchain could not exist without the internet, what could not exist without blockchain?”<\/p>\n","protected":false},"author":60,"featured_media":2994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[192],"tags":[98],"ppma_author":[1625],"class_list":["post-534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-blockchain"],"authors":[{"term_id":1625,"user_id":60,"is_guest":0,"slug":"dante-disparte","display_name":"Dante Disparte","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","user_url":"","last_name":"Disparte","first_name":"Dante","job_title":"","description":"Dante Disparte is the founder and CEO of Risk Cooperative, a strategy, risk and capital management firm focused on mid-market opportunities, market expansion and innovation on a global scale. He is the co-author of the book “Global Risk Agility and Decision Making<\/a>” and was recently selected as one of the 40 leaders under 40 by the Washington Business Journal and among the top 100 most influential leaders in D.C., in the inaugural Powermeter 100 list.  He serves as the vice-chair of the board of the Harvard Business School Club of Washington, D.C., and on Harvard Business School’s global alumni board. He is the founder and chair of the Business Council for American Security and a board member of the American Security Project. He also serves as a member of the Bretton Woods II Council with New America."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=534"}],"version-history":[{"count":4,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/534\/revisions"}],"predecessor-version":[{"id":37457,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/534\/revisions\/37457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/2994"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=534"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}