Why it’s not too late to start up

3

October

2016

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How often do you find yourself imagining how great it would have been to be an entrepreneur back in 1985 at the dawn of the internet? All domains you could think of were still available and all you had to do was simply ask for the one you wanted. Even better was the fact that they didn’t cost anything to register.

The problem however for most people and companies was that they didn’t had any vision on this huge internet transformation. A hilarious example comes from a Wired reporter that registered McDonalds.com. He then tried to give it to McDonalds for free, but they refused his offer due to their cluelessness about the internet back then.

Nowadays, everything feels kind of saturated with millions of apps and platforms. It seems like it has become way more difficult to become a successful entrepreneur than 30 years ago. However, this is not the case at all, because the internet is actually still at the beginning of its beginning.

People in 2050 will have this same ‘how great would it have been to’-feeling as we have now. Because, today actually is, an absolute wide-open frontier.

As mentioned, the only problem is that you need to have a certain vision and see the right opportunities. At this very moment this is the case with Artificial Intelligence. It will also be a huge game changer and most people and companies are still in denial or unaware of it. Plenty of opportunities exist, as you can now pick almost any industry or product and add some Artificial Intelligence to it. You just need to be able to identify these.

So let’s all face it: You are not too late! Develop your vision and see the opportunities lying ahead. Today is the best time ever in human history to start up.

Billions Registered


http://www.huffingtonpost.com/kevin-kelly/the-internet-is-still-at-the-beginning_b_10321958.html

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The blockchain revolution

23

September

2016

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Thousands of articles have been written about bitcoin and then mainly the dangers and threats. However, it is way more interesting to take a close look at the underlying technology: the blockhain. Mainly because it is promised to be the next generation of the internet and it will most likely change money, business and the world.

Currently, if one would like to send money to someone else, he or she has to go to an intermediary or government authority. These big institutions will then do the authentication, identification of people, clearing, settling, record keeping et cetera. Their entire business model is based on these kind of services that establish trust in our economy.

However, this will not be for long. In 2008, an unknown person or persons named Satoshi Nakamoto came up with the Bitcoin protocol. By doing so, he showed the world the possibilities of the the underlying blockhain technology. For the first time in human history, people all around the world are able to fully trust each other and transact peer to peer. People now start to realize that we are able to rethink the economic power grid and to get more independent from these big intermediaries.

But, how does this technology work? The blockchain is basically a giant, global spreadsheet that runs on millions of computers worldwide. This distributed database is open source and so anyone is able to adjust and see the underlying code. All things going on under the hood are open and transparent to anyone. The engine of the blockhain are the so called miners. These people run their computers to authenticate the occurrence of a transaction. After doing so, they create a new block and link it to the previous block (that’s why it’s called blockchain). Now it is evidence to everybody else in the blockchain environment which makes hacking practically unfeasible.

To make a long and quite difficult story short, the main reason why blockchain is going to revolutionize the world is the Internet of Things. As more and more devices connect and transact with each other, we’re going to need such a technology like blockchain that allows us to settle these transactions without intermediaries. Mainly because, these old-school intermediaries will simply not be able to settle trillions of real-time transactions between things.

Sources:
http://www.mckinsey.com/industries/high-tech/our-insights/how-blockchains-could-change-the-world
http://www.huffingtonpost.com/don-tapscott/five-myths-about-the-bloc_b_10105946.html
Here’s Why Blockchains Will Change the World

Blockchain Revolution (2016)


https://en.wikipedia.org/wiki/Blockchain_(database)

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