Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

The Blockchain Economy | William Mougayar | Blockchain Conf

353 views

Published on

What does the journey to the decentralized blockchain economy look like? How are we getting there, and what are the challenges and opportunities? William Mougayar takes us on a visionary tour highlighting the most important features of this new system, and what it means for society, business and government.

Published in: Technology
  • Be the first to comment

  • Be the first to like this

The Blockchain Economy | William Mougayar | Blockchain Conf

  1. 1. The Blockchain Economy William Mougayar Investor, Advisor, Board Member Managing Partner, JM3 Capital Author, The Business Blockchain Founder, The Token Summit and WMX @wmougayar wmougayar@gmail.com Milano, 5 giugno 2018
  2. 2. Disclosures and Market Activities • Book (10 languages) • Token Summit • Blogging • WMX Blockchain Index • Tech Accelerators & VC relationships • Knowledge websites • Strategic Advisory • Boards & Foundations • Startups Investments • ICOs participation • Regulatory interactions © 2018 William Mougayar @wmougayar
  3. 3. Are Tokens a distraction or catalyst to Decentralization? © 2018 William Mougayar @wmougayar
  4. 4. Tokens 1.0 vs. Tokens 2.0 Copying what we see vs. Inventing what we don’t see © 2017 William Mougayar @wmougayar
  5. 5. OLD NEW NEW OLD NEW NEW COMPANIES SCOPE © 2018 William Mougayar @wmougayar Segmentation of Implementations ? ✔ 1.0 2.0 B2B
  6. 6. Staying True to Blockchain Fundamentals Is EXTREMELY Important, but Often Forgotten  Replacing intermediaries  New (digital) Value liquidity  Proofs of X  Automatically enacting consequences  P2P infrastructures  Decentralized governance  New technical protocols  New ownership models © 2018 William Mougayar @wmougayar
  7. 7. Tokens Jargon Utility Payment Staking Asset Security Commodity Air Dropping Locking Burning © 2017 William Mougayar @wmougayar
  8. 8. If you are thinking “Tokens” 1. A token is not a carrot 2. Token must be native to the blockchain/App for maximum leverage 3. If not, proving the Token-to- Market Fit will be more difficult © 2017 William Mougayar @wmougayar
  9. 9. Token-to-Market Fit is the new Product-to-Market Fit © 2017 William Mougayar @wmougayar
  10. 10. 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. © 2017 William Mougayar @wmougayar
  11. 11. © 2018 William Mougayar @wmougayarSource: Elementus
  12. 12. © 2017 William Mougayar @wmougayar
  13. 13. Source: Bloxy.info
  14. 14. New Tokens Created Daily 200-300 Source: Bloxy.info
  15. 15. Total Participants in Crowdsales 1M Source: William Mougayar
  16. 16. Smart Contracts Created Daily 20,000 Source: Bloxy.info
  17. 17. Smart Contracts Used Daily 1M Source: Bloxy.info
  18. 18. Ethereum Txns from Smart Contracts 53% Source: Amberdata
  19. 19. CryptoKitties Txns in first 6 months 2.8M Source: Amberdata
  20. 20. © 2018 William Mougayar @wmougayar Tracking the Blockchain Market with Numbers Market Cap _ USD 280 B * Daily Trades _ USD 18 B Total Raised _ USD 26 B Coins Traded _ 1,639 Apps _ 5,000+ Macro View • Active Users (Daily, Weekly or Monthly) • Total transactions (number) • Value of transactions (value) • Balances in smart contracts (value) • Transactions to/from contracts (number) • Value of transactions to/from contracts (value) • Blockchain rewards to users (value) • Wallets value (value) Outcomes • Unique addresses • Active addresses • Wallets • Nodes • Transactions per second • Blocks per hour • Developers • API calls • Software downloads • Repositories • Commits • App downloads • Clients Activity (numbers) Traction View * as of June 14 2018, Source: CoinMarketCap
  21. 21. Decentralization On-Chain 0% 100% 100% IDEAL ? ? © 2018 William Mougayar @wmougayar
  22. 22. Ideals of Decentralized Applications ① P2P infrastructure ② Underlying protocols ③ Decentralized operations ④ Blockchain transactions ⑤ Distributed content ⑥ End-user ownership empowerment ⑦ Decentralized autonomy ⑧ Distribution of rewards/benefits © 2018 William Mougayar @wmougayar
  23. 23. Some Decentralization Examples • Blockchains • P2P Commerce (OpenBazaar) • CryptoAssets Trading (CryptoKitties) • Decentralized Exchanges (0x) • Decentralized Storage (Storj, Filecoin) • Decentralized Computing (Golem, Dfinity) • Decentralized Content (Peepeth) • More… © 2018 William Mougayar @wmougayar
  24. 24. Where Are All the Decentralized Apps © 2018 William Mougayar @wmougayar
  25. 25. ① What needs to work ② What needs more work ③ What won’t work © 2018 William Mougayar @wmougayar
  26. 26. What needs to work • Standards • Scalability • Interoperability • New exchanges / clearing houses • Native assets (creative, finance, physical) • Token types • Economic models © 2018 William Mougayar @wmougayar
  27. 27. What needs more work • Killer features • Stablecoins • On-chain governance • Understanding economic models © 2018 William Mougayar @wmougayar
  28. 28. What won’t work • Boil the ocean approaches • Head-on disruption • White papers • Dressed-up websites • Cool ideas • No governance • High valuations too early © 2018 William Mougayar @wmougayar
  29. 29. The point of attempting to classify tokens is not to better regulate them. It is to better understand them. © 2018 William Mougayar @wmougayar
  30. 30. © 2017 William Mougayar @wmougayar Token Utility is Simple  Right  Ownership  Work  Currency
  31. 31. What Should Regulators Do? 1. Apply existing regulations 2. Update existing regulations 3. Allow self-regulation 4. Create new regulations 5. Freeze regulation with Safe Harbors 6. Recognize a new asset class 7. Harmonize global regulation © 2018 William Mougayar @wmougayar  Innovative  More Difficult  Easiest
  32. 32. Current Regulation Landscape 1. 4 spheres: Asia, NA, Europe, Alternative jurisdictions (Liechtenstein, Gibraltar, Malta, Cayman, etc.) 2. Balkanization of regulation is already here 3. Competition vs. harmonization 4. Classification of tokens will be difficult © 2018 William Mougayar @wmougayar
  33. 33. Selling the Vision Build-out Installation Deployment Acceleration Vision Realization 2018-2020 2013-2015 2015-2016 2021+ 2016-2018 2019-2021 Blockchain: The Evolution We are here © 2017 William Mougayar @wmougayar
  34. 34. Blockchain Usage Is Here © 2018 William Mougayar @wmougayar
  35. 35. Can the blockchain lead us to a new world that is better than the current one? © 2018 William Mougayar @wmougayar
  36. 36. © 2018 William Mougayar @wmougayar Computation Protocols Data Content Storage Work Rewards EarningSpending Sharing Industry Economy Law Finance Nations The Blockchain Economy
  37. 37. The stone age didn’t end for a lack of stones. © 2018 William Mougayar @wmougayar
  38. 38. THANK YOU William Mougayar Investor, Advisor, Board Member Managing Partner, JM3 Capital Author, The Business Blockchain Founder, The Token Summit and WMX @wmougayar wmougayar@gmail.com http://startupmanagement.org/blog jm3.capital

×