Kathleen Breitman, co-founder of Tezos
Decentralized blockchains have opened the way for global coordination. Contractors from around the world will be able to enter into agreements that can be executed at low cost. When trade barriers are overcome, globalization pulls billions of people out of poverty. Cryptographic registries open new horizons, reducing coordination costs. This will mark the beginning of an era of prosperity.
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Chris Burnisk, co-founder of Placeholder Capital
The business model of most successful web companies includes collecting data from users, and then providing access to this data by another user for a fee or providing a private service based on this private data.
On the other hand, cryptoactives and their protocols create shared data layers to which all users can contribute, gain access and benefit. Standardization based on the discovery of data levels will lead to a reduction in the cost of innovation, the opening of entirely new markets and services that will allow the end user and medium business models to exist like Google and Facebook. This is an innovative dilemma now facing technical titans.
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Joseph Lubin, co-founder of Ethereum, founder of ConsenSys
The core value of Ethereum decentralized platform, along with additional decentralized technologies (such as storage, bandwidth, and high-performance computing), is the creation of a new foundation for the next-generation economic, social, and political systems.
Financial, state and other systems are changed in accordance with the principle of decentralization.
One of these systems is the identification of the individual. Currently, more than two billion people do not have access to state identification. Those of us who have access are dependent on providers who control and use our information in order to gain benefits and power. But Ethereum provides private control over identity. For the first time in history, we will be able to have a global decentralized identification system.
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Meltem Demirors, Digital Currency Group’s Development Director
Digital currencies are socio-technical systems — values and principles are expressed in code. This is how the blockchain protocols are arranged.
This provides an opportunity for humanity to create new economic, political and social systems – systems that are the most transparent, sustainable and provide great opportunities for individuals. For centuries, our identification was determined by our affiliation to the state, and our existence was determined by the rules of that state. This technology will lead to new models of the economy and markets, management, identification, etc. Despite the fact that we are still at a very early stage, each experiment teaches us something new and valuable about the social, behavioral and technical criteria for these new systems.
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Will Warren, co-founder and director ox
We are witnessing the early stages of a technological renaissance. At present, the blockchains are transforming the global financial system into a more efficient, open, and resistant to government intervention.
In the future, blockchains will fundamentally change the way people organize, manage and identify individuals. By allowing individuals to abandon any particular economic system they could inherit, power will shift from a centralized to a decentralized model. The geopolitical implications will be overwhelming.
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Demian Brener, Co-Founder and Executive Director, Zeppelin Solutions
The blockchains laid the foundation for a new, open and global economy. Unlike existing economies and connections owned and operated by centralized authorities, this new economy is based on open protocols and standards.
Legal entities and individuals will be able to use these protocols, based on cryptoactive assets, in order to buy and sell digital goods on world markets. In addition, these cryptoactives will act as a tool to unite around a common goal in order to more effectively coordinate and earn assets. What the Internet has done in the field of communication blockchains will do for economic interactions.
Source: chby.io
