The evolution of crypto can be analyzed from the essential components of design, development, and deployment. For modern systems to function, they require a combination of people, process and technology. These elements also set the foundations of innovation. The crypto sphere has created a radical redistribution of the social-economic power hierarchy. This power hierarchy is seemingly upside-down when compared to the “real-world”. Process and technology have evolved to code-based governance, and people can be represented as virtual entities. What does this mean to blockchain innovation, and how will crypto evolve with a continued redistribution of power and wealth?
In this third and final part of this series, we explore the creation of the Virtual State™ fueled by crypto ideologies, and its underlying cryptoversification of Internet services.
The formation of the internet has evolved considerably over three decades. This infrastructure is now considered by UNESCO as a basic human right, symbolic of the air human’s breath or access to freshwater. But the battle continues on the Net Neutrality[i] front with varying opinions depending on political or social precedence. In as much as water is not a free commodity, the internet has similar actors wanting control.
Multistakeholder governance continues to be a defendant on a world’s stage of plaintiffs.
These principles that have driven the success of the internet to date, are just as important as its future goals[ii]:
- Human Rights
- Open Tech Opportunities
- Accessible to All
- MultiStakeholder Engagement.
Bitcoin’s introduction may be considered a radical shift in this vision or it may be an evolution of the ideology of cyberspace as a whole. It could be argued that crypto’s overwhelming success has not been due to its underlying technology, but because of its ideology. For example, many technologies were groundbreaking innovations over the past decades, such as media streaming, social media, and peer-to-peer communications, but none have rivaled blockchain in crossing economic, social and geographic barriers. As with many revolutions, its origins evoke a chicken and egg debate: Did Satoshi Nakamoto[iii] awaken this crypto ideology, or did society already evolve along the path?
What is clear is that crypto takes the notion of openness, accessibility, and freedom to a new level. This includes the residence to centralization, big brother oversight, and proprietary systems. In this sense, crypto is often synonymous with Internet v2.0[iv]. Crypto may very well be a direct consequence of Net Neutrality, and the evolution of the Internet’s multi-stakeholder governance.
▲ Down the Crypto Rabbit Hole
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About the Author
Gabriel is the co-Founder and General Manager at Adel Ecosystem Ltd. He is a seasoned sales and marketing expert with over 25 years in senior positions at Motorola, VeriSign (acquired by Symantec in 2010), and SecureWorks (acquired by Dell in 2011), and Cognitive Security (acquired by Cisco in 2013). He is a blockchain entrepreneur, with strengths in international business strategy. Gabriel has a bachelor’s degree in Engineering Physics from McMaster University in Canada and expert knowledge in blockchain incubation, cloud computing, IT security, and video streaming, and Over the Top Content (OTT). Gabriel also runs his own company, Euro Tech Startups s.r.o, creator of MyKoddi, and manages a professional blog.
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[ii] United Nations Educational, Scientific and Cultural Organisation, “What If We All Governed the Internet” (UNESCO Publishing, 2017, https://en.unesco.org/sites/default/ files/what_if_we_all_governed_internet_en.pdf) page 12