Visions of Blockchain Magazine S01E02 | Page 61

Megaphone New Value Creation Model If you want to change the world on the blockchain then it’s all about building an open protocol, not just another startup. During the early days of the internet there were various groups competing to build open communication protocols. While most fa- ded, the ones that succeeded are now the standard protocols that power the internet today: TCP/IP, DNS, HTTP etc. These protocols are free and universal, resulting in everything we’ve come to love about the internet. The blockchain ecosystem today is exactly like the early development days of the internet. Tho- usands of projects are now competing to develop the standard protocols for these and much more: - decentralized storage - decentralized law - decentralized messaging - decentralized governance - decentralized insurance - decentralized finance - decentralized real estate