Future Belongs to Platforms

At times when we can work from home and order everything online, we need more and more network type of projects to connect us with the rest of the world in a secure way.

Platform

Russian Blockchain Week took place in Moscow last week. Among many ideas, one that appeared in almost every presentation was the decline of ICO. With lots of hype, scam and speculation, the market, according to Ilya Perekopsky, founder of Blackmoon Crypto, needs strong ideas with professional teams to bring back investors’ faith. 

It is already apparent now that future belongs to platforms rather than individual products. We live in an age when the biggest transport company Uber doesn’t own a single car, the biggest «rent a room» platform Airbnb doesn’t own any property whatsoever, the biggest retailer Alibaba doesn’t own a shopping mall. Managing a platform between end users and service providers is a great way to satisfy clients’ needs without major investments in assets. Platforms allow companies to create ecosystems that do most of the work and help the company grow together with the service providers. 

The same applies to blockchain projects. The most successful in terms of recent ICO were platform kind of projects and not products. At Russian Blockchain Week one of Skolkovo (Russia’s biggest innovation center) projects was a flying car. However appealing and sexy this car may have seemed, the audience was more attracted to platform type of projects which provided loan services to small businesses, facilitated hospital-insurance company-client communication and provided a platform for gamers from all over Russia. Of course, these projects are more attractive to investors because they actually rely on Blockchain.

At times when we can work from home, order everything online and stay in our homes for days without being cut from the stream of life, we need more and more network type of projects to connect us with the rest of the world in a secure way. And this is exactly what Blockchain does.


Read other useful publications on InnMind: 

► Putting Forward an Investor’s Point of View on ICOs and Crowdfunding

► ICO is deal. Long live ICO!

► Blockchain in Governmental sector (Startup Booster, Episode 10)


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