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

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Where is Decentralization Headed - Keynote presentation at the Cryptospace event in Moscow. Covers where we are and where we are going in blockchain.

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

  1. 1. WHERE IS DECENTRALIZATION HEADED? William Mougayar Investor, Advisor, Board Member Author, The Business Blockchain Founder, The Token Summit and WMX @wmougayar Moscow, 8 Dec 2017 
  2. 2. The Blockchain IS a DISRUPTIVE technology © 2017 William Mougayar @wmougayar
  3. 3. 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
  4. 4. $14B $100B $430B Source: Coinmarketcap.com
  5. 5. © 2017 William Mougayar @wmougayar “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” ---- Buckminster Fuller
  6. 6. The Blockchain IS 1. Cryptocurrency 2. Computing Infrastructure 3. Transaction Platform 4. Decentralized Database 5. Distributed Ledger © 2017 William Mougayar @wmougayar 6. Development Environment 7. Open Source Software 8. Financial Services Market 9. Peer-to-Peer Network 10. Trust Services Layer
  7. 7. The Big Themes 1. Programming Money 2. Tokens as Utility 3. Business Process Reengineering © 2017 William Mougayar @wmougayar 4. Transactions in Value 5. Proving the truth 6. New Assets Liquidity 7. Governance Models
  8. 8. Key application areas 1. Money 2. Financial products 3. ICOs 4. Native assets trading 5. Fractional ownerships liquidity © 2017 William Mougayar @wmougayar
  9. 9. What is a token? A cryptocurrency with a special purpose © 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. What is Tokenomics 1. How you design your token role 2. How you distribute your tokens 3. How you govern your token monetary policy © 2017 William Mougayar @wmougayar
  12. 12. Tokens 1.0 vs. Tokens 2.0 Copying what we see vs. Inventing what we don’t see © 2017 William Mougayar @wmougayar
  13. 13. Staying True to Blockchain Technology 1. 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
  14. 14. ACID TEST for Tokens 1. What would happen without the token? 2. Why do you need a blockchain? 3. What is the blockchain enabling that wasn’t possible before? © 2017 William Mougayar @wmougayar
  15. 15. BLOCKCHAIN IS 90% GOVERNANCE AND BUSINESS MODELS. THE OTHER 50% IS TECHNICAL. © 2017 William Mougayar @wmougayar
  16. 16. 3 Ways to exploit the blockchain © 2017 William Mougayar @wmougayar Old trying New New applying Old New inventing New
  17. 17. Do you understand the economic model behind your token? © 2017 William Mougayar @wmougayar
  18. 18. What is a good token? © 2017 William Mougayar @wmougayar
  19. 19. Will ICO success rates be better than startups? © 2017 William Mougayar @wmougayar
  20. 20. Will decentralized open source protocols be more powerful than their web equivalent? © 2017 William Mougayar @wmougayar
  21. 21. Will decentralization deliver? © 2017 William Mougayar @wmougayar
  22. 22. Will there be a crash? How? When? © 2017 William Mougayar @wmougayar
  23. 23. Will countries create their own cryptocurrency? © 2017 William Mougayar @wmougayar
  24. 24. How high is the sky, and how shaky is the ground? © 2017 William Mougayar @wmougayar
  25. 25. Will regulators poke the blockchain in the eye, or ship it in shape? © 2017 William Mougayar @wmougayar
  26. 26. Will Wall Street adopt blockchain technology, or will a new financial system emerge? © 2017 William Mougayar @wmougayar
  27. 27. Is every asset in the world destined to become liquid? © 2017 William Mougayar @wmougayar
  28. 28. Are tokens here to stay, and will we see more standards beyond ERC 20 & ERC 721? © 2017 William Mougayar @wmougayar
  29. 29. 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
  30. 30. THANK YOU William Mougayar Investor, Advisor, Board Member Author, The Business Blockchain Founder, The Token Summit and WMX @wmougayar wmougayar@gmail.com http://startupmanagement.org/blog

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