DECENTRANET NEWS

DecentraNet to Speak at Global Block Builders in Austin, Texas

AUSTIN, TX – April 10, 2019 – This week, DecentraNet’s Ted Moskovitz and Matt McKibbin will be attending the Global Block Builders conference taking place April 10-13th in Austin, Texas. The Global Block Builders are a group of enthusiastic blockchain leaders from a diverse background, joining together for the purpose of high-level education and intentional collaboration. The three-day event will take place at the Fairmont Hotel in the heart of downtown.

“I’m excited to be a part of Global Block Builders conference in Austin. The community they have built reflects the true essence of the open source decentralized movement that we are all building together.,” said Matt McKibbin, Founder of DecentraNet.

The event will host a networking meet-and-greet, three full days of speaking, an entertaining happy hour, and a bonus day for long-term relationship-building. Ted and Matt will focus their energies on participating in the blockchain tracks. DecentraNet clients Jake Vartanian of Native Project and Steven Buchko with Coin Clear. If you are attending, please reach out and schedule some time to chat with our team at matt@decentranet.com and ted@decentranet.com.

You can also use the code SPEAKER to receive a 20% discount on tickets.

Make Them Care: Why Every Tech Startup Needs a Press Kit — and 12 Steps to Get One

Every business needs press, and failing to make your brand story easily accessible to journalists is a mistake. If you have a company, you need a press kit, and here’s 12 steps to create one.

As advisors, we meet with dozens of companies per week. Most are tech startups or early-stage companies with compelling brands and interesting stories, that are simply not sharing their story with the marketplace. Many, particularly those in the blockchain or transformative technology spaces, are working on stellar concepts and cutting edge products. Yet no one knows about the awesome work they’re doing.

Every business needs press coverage, and failing to make your brand story easily accessible to journalists is a mistake. Particularly if you’re a technology startup, storytelling is absolutely essential and one of the most crucial components of your communication strategy. Creating an easily accessible narrative for the outside world can level up your brand awareness, especially if your company is working on complicated products that few understand.

So if you have a company, you need a press kit, and here’s how to create one.

What is a press kit?

A press kit (aka a media kit), is a website page or downloadable PDF document that contains resources and information for reporters, publishers, and event managers. Optimal kits streamline information about your company, team, and product so reporters can swiftly learn about your brand, access marketing materials, and contact you if they are interested.

Leveraging a press kit sends the message that media is welcome and speaks volumes about your ability to market your own brand story.

Getting Started

1. Research other press kits. There are dozens of sample press kits online. Check them out. Spend a few minutes researching what is needed to make an effective media kit. For reference, here’s our media kit for DecentraNet, our blockchain and transformative technology advisory and consultancy firm.

2. Write your story. Start with your WHY. Share your business story, how your business came to be, and tell the world about yourself and your mission. Startup and entrepreneurial life are hard. Why do you do what you do? Make the reader care.

As one of my favorite marketing gurus, Megan Groves, once pointedly said:

“Your potential customers live in a noisy world, so your company needs to build a concise story that will penetrate all of the clamor and actually reach your consumer base. This means condensing the major points of your company into two consumable bits: your company story and your founder story. Having both and keeping them distinguishable from one another is really important for ensuring that neither overshadows the other, but together will create leverage for a great brand story.”

3. Gather your facts. What is your competitive edge? How many customers do you have? How many sales have you completed? Where are your company and team located? What are your accomplishments and milestones? Where is the product manufactured?

4. Promote your team. Your team is the core of your business. Brag about them. Tell their story, their role and impact on your company, and why they do what they do for your business. Include high-quality headshots and thorough biographies. Definitely remember to hyperlink their email address (mailto:email@.com) so they can be easily contacted. Also, consider including any of their social media accounts.

5. Feature your CEO. Our founder, Matt McKibbin, is a public speaker and part of getting our message and mission out into the world is having Matt speak. In our media kit, we featured Matt’s accomplishments and gathered statistics on how many events he had actually attended (it’s a lot). Do you have a public speaker on your team? What do they specialize in? Make sure you feature them on at least one slide and provide details about their expertise.

Here’s an example from our media kit, showcasing Matt’s talents:

6. Include your logos. Make it easy for content publishers to use your logo or create graphics using your logo by providing high-resolution options in your media kit. Provide high-quality graphics that also include a transparent background to make your graphics easy to use for nearly any purpose.

7. Gather your data. Hopefully, you have Google Analytics tracking data and some method of monitoring your social media reach. Gather these stats and share them. How many followers do you have on Twitter? Do you have demographic data? How many people are on your mailing list? Where are they located in the world? Has your team been featured or spoken at notable events? All of these details are important to collect as they showcase your target market and key demographics.

8. Be clear. Use clear messaging and simple, concise soundbites about your brand story, product, and market opportunity. Particularly for companies in transformational technology, write as if the reader has no idea what your technology is or does — this is crucial as you do not want press with little knowledge about your product to walk away more confused. Aim for clarity and limit the use of buzzwords. Also, remember to list important milestones. Tell the world your mission. What is your company doing and why? What is your goal? What do you want to achieve?

9. Be visual. Include as many photos of past events or images of your team. Show your office, your product, your favorite customers, or any other bragging rights that can be visually expressed.

10. Documents are fun. Has your founder published something notable? Do you have a white paper? If you’re a technology company, do you have product reviews worth sharing? Specific blueprints that can be made public? A product manual? The more information, the better.

11. Don’t forget the essentials. Include an email address for press inquiries and make sure you list your social media accounts. Do you have a blog? Link it!

12. Testimonials. If you can, get several testimonials from clients or customers. Depending on your industry, these could be powerful narratives that demonstrate your marketplace position and competence. Aim for a minimum of three.

Let’s talk about tools.

To gather some of your demographic or customer/user data, we recommend installing Google Analytics on your website. Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. It’s free. The platform can provide you with a host of information, including important data that you should already be gathering about your customers. Here’s a quick guide on how to get started with Google Analytics.

For the press kit’s presentation, you can simply add this information to your website under a dedicated page, “Press Kit”. Regardless of the platform that you’re using, (Squarespace, WordPress, HTML, etc.), add a page with a simple name and link it from your main menu.

If you’re on a budget and have an in-house marketer, we recommend the free online tool Canva. You can also hire graphic designers on sites like Upwork or Fiverr to complete these projects. Our company, DecentraNet, also designs press kits. You can contact us here.

Final Thoughts

With a media kit, you can leverage data and storytelling to increase the likelihood of attracting sales through the press. If a media venue or platform features your company’s story, the promising potential for new traffic and brand awareness can be unlimited. Further, earned media coverage provides substantial credibility that paid advertising simply cannot offer.

Regardless of where you are in the startup journey, no one cares about your company more than you do. You have to tell them why you’re awesome. You have to make them care.


Want to Know More About All the Awesome Stuff We Do?

DecentraNet is a purpose-driven investment and advisory firm specializing in blockchain and other transformational technologies with global impact. We also create event experiences and innovative content to bring our clients projects to market and to evangelize the potential of transformational technologies generally.

  1. Click HERE for instant access to our 2019 Market Report. Explore what 30 thought-leaders from dozens of industry verticals had to say.
  2. We are advisors and consultants that work with blockchain companies and other transformational technology projects. If you’d like to connect with us on how we can help your company, please click HERE or send us an email at hello@decentranet.com.
  3. You can also reach out to inquire about any of our current clients or portfolio companies at hello@decentranet.com.

Ethereum’s Constantinople Upgrade — Here’s What You Need to Know

Ethereum’s Constantinople Upgrade — Here’s What You Need to Know

After Initial Delays, the Next Ethereum Hard Fork is Scheduled for block today, February 28th, 2019. We outline what happens next for ETH holders.

 

Image courtesy BeatingBetting via Flickr

 

A big update is coming to the Ethereum network today known as Constantinople.

Though the initial rollout has been delayed twice now due to vulnerability concerns, Ethereum developers are now confident the network is prepared for the newest update. Currently, the hard fork is scheduled to occur at block 7,280,000 which is expected to take place on today, February 28th. But is this a “hard fork”? What are the changes happening? And is there anything I need to do as an Ether (ETH) holder to ensure my coins are safe? Let’s talk about all of that and more as we break down everything you need to know about Ethereum’s latest upgrade.

 

“Hard Fork”

The term “hard fork” often elicits a negative response by many in the cryptosphere. Thoughts of contentious debates, currency splits, and big changes come to mind where enthusiasts have to decide which currency and chain they’d like to support in the future. Hard forks in the past that many are familiar with include the DAO hack and split between Ethereum classic (ETC) and Ethereum (ETH) as well as the Bitcoin (BTC) and Bitcoin Cash (BCH) fork.

However, not all hard forks are contentious and to the everyday crypto observer, some feel more like a soft fork — though they’re not.

What is a Hard Fork?

At its core, a hard fork is simply an update and change in protocol for the current blockchain that is not backwards-compatible. Depending on the circumstances of the hard fork, most users who haven’t updated to the latest version will realize they’re on the old chain and update to join the new one. When there are disagreements, and a hard fork is considered to be “contentious,” then the community can end up with a currency split and different coins.

But similar to previous non-contentious hard forks in the past like Homestead and Byzantium, Constantinople isn’t going to be splitting ETH or the Ethereum community. In fact, Vitalik Buterin has even discussed using different terminology to avoid newcomers and those less technically inclined in the industry.


Source: https://twitter.com/VitalikButerin/status/1083450179347394560 

 

What’s Changing?

With the Ethereum update, there are five Ethereum Improvement Proposals, or “EIPs,” set to be implemented.

EIP 145 introduces bitwise shifting for the Ethereum Virtual Machine (EVM). This change is expected to make the execution of shifts in smart contracts cheaper by processing information more efficiently.

EIP 1052 looks to increase the speed and efficiency of smart contract verification by only requiring a smart contract to pull the hash of another contract to verify it. Previously, smart contracts needed to pull the entire code of another contract to verify.

EIP 1014 was made by the founder of Ethereum himself, Vitalik Buterin. 1014 introduces enabling state channels, a specific scaling solution for off-chain transactions by allowing interactions with addresses that don’t exist yet.

EIP 1283 known by its full name, “Net Gas Metering for SSTORE Without Dirty Maps,” reduces the cost of gas for the SSTORE operation.

EIP 1234 brings with it the most talked about changes to the Ethereum network with a reduction in block rewards from 3 ETH to 2 ETH as well as delaying the difficulty bomb for 12 months. This is where “the thirdening” comes from, and the change will effectively reduce the rate of inflation for ETH on the market as the block reward is decreased.

These 5 EIPs are the actual updates that will be happening to the Ethereum network during the hard fork, but what does that mean for the average ETH holder?

 

What it Means For Everyone Else

 

First and foremost, because this isn’t a contentious fork and there won’t be a currency split, ETH holders (and holders of any ERC-20 tokens) don’t need to do anything with their cryptocurrency.

In fact, even those storing ETH on major exchanges like Binance, Coinbase, OKEx, etc. can leave it in their exchange wallet during the fork (though storing cryptocurrencies on exchanges long-term is never recommended, see our article on Hardware Wallets for more on that). Most major exchanges have already prepared for the upcoming fork and are fully supporting the update to the Ethereum blockchain.

While miners will be updating to the latest blockchain, the only other thing ETH holders need to do is watch out for various scams and market movement. Because not everyone in the crypto space is tech-savvy, there are already phishing schemes being attempted. There’s news of a new “Ethereum Nova” airdrop that’s an attempt at getting users’ private keys.

 

Don’t share your keys with anyone or any website promising to give you free tokens via airdrop — be wary and sit tight.


Team Decentranet

Want to Know More About All the Awesome Stuff We Do?

  1. Click HERE for instant access to our 2019 Market Report. Explore what 30 thought-leaders from dozens of industry verticals had to say.
  2. We are advisors and consultants that work with blockchain companies and other transformational technology projects. If you’d like to connect with us on how we can help your company, please click HERE or send us an email at hello@decentranet.com.
  3. You can also reach out to inquire about any of our current clients or portfolio companies at hello@decentranet.com.

Here’s How Cryptocurrencies are Helping Mitigate Bad Centralized Currency in Venezuela

After news of the largest bank in the US, JPMorgan, launching a cryptocurrency of its own, bitcoin and other cryptocurrencies are back in the spotlight. Though traders and investors won’t be able to actually purchase the newly minted JPM Coin, it brings to light one of the most important questions in the cryptosphere: usability.

There won’t be any speculative investing in the JPM Coin. Rather, the bank is testing blockchain technology for moving vast amounts of money internationally — something JPMorgan does a lot with an estimated $2-$5 trillion transferred every day. Intended to improve upon the current SWIFT network used by global banks today, JPMorgan is leveraging blockchain-based JPM Coin to enhance its own business. However, as many in the cryptosphere have pointed out, there are many ways that JPM Coin isn’t really a cryptocurrency being wholly centralized, tied to the USD, and not for individual use.

So then what about other “real” cryptocurrencies that aren’t created by a bank? This latest development raises more questions on cryptocurrency usability and, as it turns out, there are already real-world examples of them in action today. One of the ways they’re being used is to help mitigate bad centralized currencies in places like Venezuela, here’s how.

Venezuelan Crisis

According to a recent estimate from the United Nations, more than 3 million people have fled Venezuela since 2015 amid the current economic and political crisis. While violence is still a problem in the country, one of the other pressing concerns for many is the economic turmoil and hyperinflation of the local currency, the bolívar.

Chart: Prof. Steve H. Hanke

As a result, Venezuelan citizens have endured losing nearly all the value of their life savings to hyperinflation. Now, the future of the country remains even more concerning as political tensions rise between the current President, Nicolás Maduro, and the newly elected Juan Guaido claiming the title for himself.

Political conflicts aside for a moment, Venezuelans are turning to cryptocurrency as a viable alternative to the devastating decline in the bolívar. Even before the most recent devaluation of the bolívar, Venezuelans began turning to bitcoin and other cryptocurrencies as a means of storing value. As early as 2014, one Venezuelan bitcoin trader told Reuters:

“Even though bitcoin is volatile, it’s still safer than the national currency.”

Cryptocurrency Solutions

While there’s no denying that bitcoin prices fluctuate greatly, its price movement pales in comparison to the runaway devaluation of the bolívar which hit estimated inflation of 1.37 million percent in 2018.

Cryptocurrencies offer citizens a way of purchasing and storing value that isn’t controlled by a centralized party and Venezuela offers a real-world example where centralization goes awry. Due to capital limitations enforced in the country, it’s increasingly difficult for Venezuelans to get a hold of other fiat currencies like the USD. Cryptocurrencies, on the other hand, remain decentralized and operate agnostic of geographic location, political borders, and government control, meaning anyone and everyone can take advantage of them.

For Venezuelans, cryptocurrencies aren’t a novel concept about the future of the financial world, they’re increasingly becoming a part of daily life. Daily volume for bitcoin in Venezuela is now greater than $1 million per day and consumers are embracing other altcoins like Dash for daily transactions.

Victoria Merchán is the founder of Tradición Gourmet, a restaurant specializing in homemade food in the Venezuelan Capital of Caracas. In an interview with MarketWatch she said:

“Cryptocurrencies, especially Dash, have helped me to have an alternative means of income that, unlike the bolívar is stable and much safer. In addition, it has opened the doors of my business to many more clients and the general public.”

Centralization

Of course, blockchain technology alone isn’t the secret end-all be-all to help citizens circumvent terrible centralized currencies like the bolívar. Similar to the way JPMorgan has created a non-cryptocurrency “cryptocurrency,” so too has the Venezuelan government in the past.

In December of 2017, President Maduro announced the release of a state-issued cryptocurrency, the petro, that was said to be pegged to the country’s oil and natural resources. The petro did not have all the tenets of a typical cryptocurrency and, most importantly, wasn’t decentralized. Because of that, it also brought forth none of the benefits associated with being a cryptocurrency. Instead, the Venezuelan people ended up with yet another centralized attempt at a currency that was nothing more than digital fiat controlled by the government that left more questions than answers.

The Bottom Line

While Venezuela provides one of the best examples of how cryptocurrencies can help people circumvent centralized currencies, it’s not alone. Beyond the hyperinflation of the bolívar, there are many other cases where cryptocurrencies stand as the most viable alternative for transferring value.

In other areas of the world like Sub-Saharan Africa, where cross-border payments average the highest costs according to the World Bank and are potentially holding back economic growth, cryptocurrencies offer a frictionless alternative for commerce. Venezuela and Sub-Saharan Africa are only the beginning as the world looks at other ways of implementing cryptocurrencies.

One factor remains consistent though: decentralization is crucial.

 


 

Want to Know More About All the Awesome Stuff We Do?

  1. Click HERE for instant access to our 2019 Market Report. Explore what 30 thought-leaders from dozens of industry verticals had to say.
  2. We are advisors and consultants that work with blockchain companies and other transformational technology projects. If you’d like to connect with us on how we can help your company, please click HERE or send us an email at hello@decentranet.com.
  3. You can also reach out to inquire about any of our current clients or portfolio companies at hello@decentranet.com.

Announcement: DecentraNet Founders to Mentor Blockchain Startups through Techstars Partnership

DecentraNet is honored to announce our mentoring partnership with Techstars, a legendary organization within the startup community.

AUSTIN, TEXAS — February 8, 2019 — DecentraNet is honored to announce our mentoring partnership with Techstars, a legendary organization within the startup community. DecentraNet’s Co-Founders, Matt McKibbin, and Ted Moskovitz, have been selected to mentor the next generation of entrepreneurs and leaders in Techstars’ Alchemist Blockchain Accelerator. The featured companies are focused on integrating blockchain technology into various fields, specifically healthcare, IoT, gaming, software, and finance.

 Each year, Techstars chooses over 300 companies to join their three-month mentorship-driven accelerator, investing $120K and providing hands-on mentorship and access to the Techstars Network for life. DecentraNet is proud to contribute our network power and startup expertise to this phenomenal organization. Those that join the Techstars community gain access to over 1,500,000 founders, investors, mentors, and industry leaders, including Matt and Ted.

Through its mentorship program, Techstars has the demonstrated the means to guide startups, early stage companies and genuine innovators into excellence and prosperity. DecentraNet aims to do the same in the blockchain community while also casting a wider net throughout the transformative tech ecosystem. We are grateful to be aligned with such an impactful organization and can’t wait to be a catalyst for our mentees’ success,” says Matt McKibbin, Founder at DecentraNet

Matt and I are thrilled to let you know that we are participating in the Techstars accelerator. We are excited to be meeting the next crop of innovators changing the world. We are equally thrilled to meet fellow mentors and make meaningful connections to serve our fellow clients. — Ted Moskovitz, Co-Founder and Partner at DecentraNet.


ABOUT DECENTRANET
DecentraNet is purpose-driven full-service blockchain advisory and investment firm serving entrepreneurs with a suite of expert advice, deep industry partnerships, access to capital, community events, and a network of done-for-you service providers. We specialize in blockchain projects with a global impact as well as companies building the infrastructure to support them. We also produce events, content, and programming, and are evangelists for the potential of blockchain technology.

Learn more: http://www.decentranet.com

ABOUT TECHSTARS
Techstars helps entrepreneurs succeed. Through the Techstars Worldwide Entrepreneur Network, founders and their teams connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporate partners who will help their companies grow. Techstars operates four divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and the Techstars Venture Capital Fund.

Techstars Mentorship-Driven Accelerator Program supercharges success and Techstars Startup Programs inspire, educate and connect entrepreneurs. Techstars Venture Capital Fund invests in the most innovative and disruptive Techstars companies to fuel their success. Techstars Corporate Innovation Partnerships helps brands create world-changing products and services. Techstars accelerator portfolio includes more than 1,000 companies with a market cap of $8.1 billion.

Learn more: http://www.techstars.com

MEDIA INQUIRIES
Tiffany Madison
tmadison@decentranet.com
(1) 469–730–6703 (US Central)

Hardware Wallets: “If You Don’t Own Your Keys, You Don’t Own Your Crypto”

2018 showed cryptocurrency investors that there are many risks to mitigate, including security, so what should they do better in 2019? Let’s talk hardware wallets, what they are, why you should use one, and other security best practices for the New Year.

Security is often one of the top concerns in the crypto community, and especially at Team Decentranet. We want to know what different blockchain projects are doing to combat attacks on the network, we want to see extra security precautions taken by exchanges with things like 2-factor authentication (2FA), and the list goes on. However, sometimes we get so caught up in what other people or companies are doing to enhance security that we neglect what we are doing to ensure our crypto assets are secure.

Recent Cases of Crypto Theft

As the cryptocurrency industry is still nascent, it’s not surprising that we’ve had so many encounters with sub-par security in the past resulting in hacks and theft. Of the most recent attacks, hackers reportedly stole nearly $60 million worth of cryptocurrencies (6.7 billion yen) from the Japanese exchange Zaif, and that’s only the most recent.

At the beginning of 2018, another Japanese exchange, Coincheck, made history as the victim of the largest cryptocurrency exchange theft to date, losing an estimated $400 million worth of cryptocurrencies. In fact, 2018 was a record-breaking year for exchange hacks and funds lost.

So if we know 2018 exposed investors to so much risk, what does that mean we should do in 2019 to reduce our own risk? Let’s talk hardware wallets, what they are, why you should be using one, and other security best practices for the new year.

Hardware Wallets: “If You Don’t Own Your Keys, You Don’t Own Your Crypto”

There’s an old saying in the crypto community that if you don’t own your keys, you don’t own your cryptocurrencies. In essence, that single statement summarizes the issues with cryptocurrency exchanges.

Exchanges are centralized platforms that are designed to facilitate transactions; they’re not banks. While large exchanges like Binance, Coinbase and others have come a long way in terms of their security measures, you’re effectively outsourcing security to a third party rather than ensuring your funds are secure on your own. That’s where hardware wallets come in.

What is a Hardware Wallet?

A hardware wallet is a physical device that’s used for storing your private key securely away from anyone who’s not the primary user. These physical devices store your private key(s) in an encrypted offline environment, meaning your wallet won’t be vulnerable to the types of attacks carried out against exchanges and even individual investors using software wallets (a wallet on your computer or phone connected to the internet, also known as a “hot wallet”).

Why Should I Use One?

The answer is pretty clear here: security. Storing cryptocurrencies — especially for long term investments — with a hardware wallet ensures that you actually own the asset, and have additional protection.

You can think of keeping your crypto on an exchange as effectively having an “IOU,” not the crypto itself. If something happens to the exchange, your crypto is gone, whether that be due to a hack, scam, or unforeseen problem with the team managing the exchange.

How Do I Get One?

Investors have a variety of options for offline storage, including an air-gapped computer or paper wallet, but those have their own limitations. Fortunately, with the advancement of the cryptocurrency industry came many companies specializing in creating dedicated hardware for storing cryptocurrencies securely.

There’s a good chance you may have already heard some of the bigger names like Trezor, Ledger Nano S, and KeepKey. All three are great wallet options and are designed to be user-friendly. Additionally, all three of the big names (along with other manufacturers) support multiple cryptocurrencies so you’ll be able to store your bitcoin, ether, and numerous tokens all in one place.

Security Tips

Of course, a hardware wallet is nothing more than a tool (albeit an effective one). With that in mind, it’s important to remember that ultimately it will only be as secure as you are. So here are some security best practices to use with your wallet.

  • Always purchase a hardware wallet directly from the manufacturer: Avoid discounted used ones from Craigslist, eBay, and especially a free wallet being handed out at an event.
  • Always backup your wallet seed and recovery phrase: This is the mnemonic passphrase you’ll need to recover your wallet should it ever be lost or stolen.
  • Always store your wallet, wallet seed, and recovery phrase separately and securely: If someone comes across your physical wallet and it’s stored in a safe, closet, etc. right next to everything you need to recover a wallet, then all you’re doing is helping the thief. Ideally, these three pieces should all be stored securely and in different locations (safe, safety deposit boxes, etc.)

The Takeaway

Now that we’ve talked hardware wallets and why they matter, you should have a better idea about why you ought to be using one. Hardware wallets are far more secure than storing crypto on your phone or personal computer and are leaps and bounds ahead of storing funds on an exchange. But remember, they’re not the ultimate be-all-end-all for crypto security — you are.

Best,

Team Decentranet

Want More?

  1. Click HERE for instant access to our 2019 Market Report. Explore what 30 thought-leaders from dozens of industry verticals had to say.
  2. We are advisors and consultants that work with blockchain companies and other transformational technology projects. If you’d like to connect with us on how we can help your company, please click HERE or send us an email at hello@decentranet.com.
  3. You can also reach out to inquire about any of our current clients or portfolio companies at hello@decentranet.com.

News: New Video Interview Series Exploring the Hottest Blockchain Topics Launches February 2018

Fresh from the success of our 2019 Market Report, our team is excited to announce an upcoming video content series exploring the hottest trends in blockchain technology.

Click HERE for instant access to our 2019 Market Report. Explore what 30 thought-leaders from dozens of industry verticals had to say.


Two months of research, 30 contributing thought-leaders, eight hot topics, and 28 pages of thorough analysis — our 2019 Market Report explored what this year could portend for the blockchain industry. The Report was distributed to our network of more than 10,000 founders, investors, advisors, journalists, conference attendees and others in the blockchain space.

Since its publication, the Report has been downloaded or viewed by thousands in our industry. We are so thrilled that the Report was well-received. So starting February 2019, our team will connect with the industry’s pre-eminent thought-leaders to delve deeper into the most important issues facing the blockchain ecosystem.

Some topics that will be covered in the more in-depth, video interview series:

  1. The long-term value of security tokens vs utility tokens.
  2. Growing use cases for alternative tokens, including stablecoins and non-fungible tokens.
  3. Enterprise adoption, real-world use cases and the next killer app.
  4. Whether public vs private blockchains will dominate and the future of other distributed ledger technologies.
  5. How will regulatory bodies, like the Securities Exchange Commission (SEC) impact the industry?
  6. The need for self-imposed industry ethics standards.
  7. The influx of institutional capital and its potential impact on the industry.
  8. The future of governance.

“Our team is so excited to continue educating our industry. As you know, last week we dropped our 2019 Market Report which covered some of the most compelling and interesting content from the community. I am looking forward to sitting down with some of the top thought-leaders that are shaping the development and application of blockchain technology. We look forward to sharing with you all.” — Ted Moskovitz, Co-Founder and Partner at Decentranet

We hope this series expands on key insights and promising projects, as well as highlights the most important analyses on various trends we are watching this year.

Looking forward to sharing with you, Team Decentranet

Next Steps:

  1. Want to contribute to our content series? We would love to hear from you at hello@decentranet.com.
  2. Click HERE for instant access to our 2019 Market Report. Explore what 30 thought-leaders from dozens of industry verticals had to say.
  3. We are advisors and consultants that work with blockchain companies and other transformational technology projects. If you’d like to connect with us on how we can help your company, please click HERE or send us an email at hello@decentranet.com.
  4. You can also reach out to inquire about any of our current clients or portfolio companies at hello@decentranet.com.

Will the CryptoWinter Last? 30 Thought-Leaders Predict the Next 8 Blockchain Trends

Click HERE for instant access to our 2019 Market Report. Explore what 30 thought-leaders from dozens of industry verticals had to say about the future of blockchain.


Welcome to the DecentraNet’s 2019 Market Report. 2018 was quite the ride for the blockchain community. Those of us investing our time and capital in the promising future of blockchain technology should be assured that interesting times most definitely lie ahead. So what’s in store for 2019?

To answer that question, Team Decentranet invited our extensive network of pioneers and innovators to explore this question. Together, we established the 8 most important issues facing the blockchain industry this year.

We covered the following hot topics facing the industry in 2019:

  1. The long-term value of security tokens vs utility tokens.
  2. Growing use cases for alternative tokens, including stablecoins and non-fungible tokens.
  3. Enterprise adoption, real-world use cases and the next killer app.
  4. Whether public vs private blockchains will dominate and the future of other distributed ledger technologies.
  5. How will regulatory bodies, like the Securities Exchange Commission (SEC) impact the industry?
  6. The need for self-imposed industry ethics standards.
  7. The influx of institutional capital and its potential impact on the industry.
  8. The future of governance.

Our Market Report will be distributed to our network of over 10,000 founders, investors, advisors, journalists, conference attendees and others in the blockchain space. As challenging as these market declines have been, our report covers the many promising signs coming from all corners of the blockchain space. We hope this report gives our readers key insights into the prior year in review, and thoughts on key trends and projects to lookout for in the coming year.

Best wishes for a prosperous and fulfilling 2019,
Team Decentranet

Next Steps:

  1. Click HERE for instant access to our 2019 Market Report. Explore what 30 thought-leaders from dozens of industry verticals had to say.
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Where will blockchain industry be in 2019? You tell us.

 

What are the killer apps utilizing blockchain technology which have yet to be invented? What are your favorite new protocols and why? Great questions.

Our 2018-2019 Market Report will ask our friends and fellow experts these questions and more. We need your help. Our market report goes out to thousands of founders, investors, advisors, journalists, conference attendees and others in the blockchain space. We want to ask the best questions about 2019 blockchain trends.

Here are some of the topics we’re already looking to cover. What are we missing?

  • The rise of security tokens (or fall of utility tokens).
  • Where blockchain is actually being incorporated in the real world; what industries do you think will adopt at a quick pace in 2019?
  • Industry standards and ethics—do we need an industry group to help set these?

What questions do you want answered? Also, if you think you would be a good fit to contribute, or know someone else who might be, say hello to us hello@decentranet.com. We are stoked to share the insights we discover.

Have you heard of Snips? It’s the game-changing decentralized Alexa.

Here at DecentraNet, we’re proud to announce our support of another upcoming blockchain based initiative we’re excited about, Snips. We believe in the fundamental tenets of blockchain technology including privacy and decentralization, and Snips is working to offer users smart technology inclusive of both of those values.

At a time when the world continues to be inundated with big data and centralized service providers, Snips stands out as a viable alternative. By creating a private-by-design, open source, decentralized voice assistant, Snips has the potential to redefine how users think about smart devices and create an industry of privacy-focused home ecosystems. Their assistant can guarantee privacy without any data being processed in the cloud, all while performing as well as Alexa and other cloud-based assistants.

The Backstory

Snips was created in 2013 and has raised over €22M in funding to date, growing its team to 75 people between Paris and New York. They have over 17,000 developers using their technology today. Impressively, Snips also has a number of strategic partnerships with semiconductor companies that will distribute their technology to be integrated into a large range of devices, from smart speakers to TVs, cars or smart appliances.

Snips is now working on a consumer voice assistant, Snips AIR, for which they are creating a decentralized, token-curated app store.

What’s the Problem?

In the constantly evolving world of artificial intelligence (AI), smart hardware, voice assistants and the internet of things (IoT), the focus on privacy has gone to the wayside. Popular voice assistants today like Amazon’s Alexa, Google Assistant and Microsoft’s Cortana all offer increased benefits to consumers like easy hands-free access and smart home connectivity, but with a major downside: lack of privacy.

Most popular voice assistants today represent everything wrong with the internet that Web 3.0 is working towards improving. Current voice assistants are closed source, offer the consumer little to no privacy, centralize all the data collected on users and even run a business model that relies on exploiting the data collected by the centralized platform.

Privacy-by-Design: The Future of AI Voice Assistance

Snips has created a unique technology for running voice assistants directly inside devices, without any data going to the cloud. This enables Snips to offer Privacy by Design, in stark opposition with other voice assistants like Alexa.

Snips has spent over 2 years building its technology, which now performs equivalently or better than cloud-based voice assistant on a range of use cases such as playing music, getting recommendations or home automation.

Snips’ existing business is to sell its technology to device manufacturers, charging a license fee per device. This means they don’t have to monetize the user data or the applications developers create, aligning their growth with the community.

The Keecker Robot integrates Snips as the voice assistant

Building on top of their robust developer community, Snips is now creating Snips AIR: a consumer-grade voice assistant that can run on a number of third-party devices, such as smart speakers, computers, smartphones, or cars.

Although the assistant comes packed with useful apps, the value really comes from the developers creating new apps and publishing them on the Snips app store for consumers to use. This upcoming app store is where Snips will use blockchain: rather than run the app store and review apps themselves, they will let the community curate the content, using a token and staking mechanisms to guarantee quality.

Snips registered developer growth

A Decentralized, Token-Curated App Store

Decentralization is a powerful way to solve problems inherent to existing app stores. Indeed, traditional app stores always suffered from a quality vs openness problem: companies either put very strict rules on what can be published to ensure quality or let anyone publish their app, leading to a host of malware and low-quality applications. Centralizing the reviewing also means they end up taking a large cut on the app monetization, giving developers little room to grow their business.

Using a token is a solution to all of the above. To publish an app, a developer needs to stake tokens as a collateral. If the community considers the app to be bad or to be malware, they can penalize the developer by voting to kick the app out and slash the stake. This means developers are incentivized to only publish high-quality apps, or risk losing tokens.

This token-curated registry approach to building an app store has multiple advantages:

  • No commission taken on apps, meaning developers have higher margins
  • There is no central authority deciding who can publish what, as only the community decides
  • The app store is not owned by anyone and will thus exist regardless of what happens to Snips as a company

To go one step further, we are also introducing a “stake to advertise” model, where the more a developer stakes for an app, the more that app is promoted in search results. This is a similar system as AdWords in Google search results, but instead of paying to advertise, developers stake to advertise. This also means that the more competition happens between developers, the more staking occurs, and thus the circulating supply of tokens becomes inversely proportional to the growth of users of Snips. This is great for token holders.

Concept: The Snips Decentralized App Store

Token Allocation and Timeline

In an effort to achieve a more equitable outcome for all parties interested in the token sale, Snips has opted for a different kind of sale for their utility token, AIR. The total initial supply is 5,000,000,000, not including future inflation, and will be rolled out through multiple releases over 10 months. Here is the token distribution:

TOKEN SALE:

2,400,000,000 (48%)

SNIPS TEAM:

1,250,000,000 (25%)

ONBOARDING:

750,000,000 (15%)

PARTNERS:

350,000,000 (7%)

BOUNTY:

250,000,000 (5%)

CIRCULATING SUPPLY:

Taking into account the inflation used to reward the network, and considering the release schedules of each token sale pool, as well as a an expected growth in active users of the system, we expect the total circulating supply to grow from 2.1B tokens in 2018, to 5.6B tokens in 2023. With a price of €0.026 in 2018, this yields an initial market cap of €55M.

“The Snips AIR Token Sale,” Medium

Main sale dates: Ongoing

Minimum send amount: €100, payable in Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), EOS (EOS), or Euros (EUR), though other cryptocurrencies may be accepted later in the process.

Maximum send amount: None

Soft Cap: 1 billion AIR tokens (€13 million), if not reached by February 1st, 2019, funds will be returned.

Token Type: ERC-20 until mainnet launch, with a 1:1 native token equivalence

Our Final Thoughts

Snips is bringing the power of voice assistance and AI to the market at a time when users are increasingly wary of their data being collected and exploited by large centralized companies.

By creating an open source, community-driven initiative that values privacy, openness, and trust, Snips has uniquely positioned itself in a way that offers users the benefits of voice assistance that many already enjoy without the dread associated with it.

In addition, users also get access to unlimited potential in the future of their voice assistant as they can train their assistant, utilize more applications, and still protect their information — a value that hasn’t yet been brought to the market.

Learn More About Snips! Prefer a visual introduction to the project? WATCH their introduction video here.

Interested in the technicals on how the platform functions? You can READ the whitepaper here and the official GitHub page here.

If you’re interested in the utility token sale, visit the Snips AIR token sale site to request access to the sale and purchase tokens.