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 internet has been directly responsible for transforming industries, such as entertainment, communications, and computing. They were subjects of cybersification, whereby service-layers were created on top of the Internet’s protocols to facilitate global adoption. This cybersification trend helped to break down social and economic borders of commerce, information flow, and cross-border commercialization. Cryptoversification is a newer trend in the removal of big brother oversight from social activities while removing the vulnerabilities of central control by utilizing the resilience of pandemic protocols. This crypto movement can also be attributed to the disruption of nationalized currencies, with alternative cryptocurrencies. To the discomfort of regulatory bodies, the crypto sphere has enabled anonymity for virtually all behavior residing on the internet. In this sense, cryptoversification has invented the Borderless Citizen™.
Cryptoversification has evolved social interconnections
to a whole new level.
Over two decades cyber flattened the earth by removing political, legal, and economic, borders. The Borderless Citizen™ continues this trend by opening opportunities for:
- Education – Developing countries can utilize internet access to access resources from top educational institutions in the world. The Bill & Melinda Gates Foundation[i] focuses on improving the public education system so that underprivileged students can gain the skills and knowledge necessary to succeed.
- Employment – Many roles currently purely reside in cyberspace. For example, decentralized crypto projects are often built by anonymous members paid in various quantities of cryptocurrencies.
- Information Flow – Global sharing extends knowledge to all corners of the earth and helps developing countries to connect to developed countries. Google was founded on the ability to ask the right questions and get to the best answers as efficiently as possible.
- Innovation – Talent is everywhere, but many employers don’t have the resources that find and utilize them. Cyber helps utilize untapped talent without the constraints of physical borders.
- eCommerce – Two billion people in the world are unbanked[ii]. Gross Domestic Product (GDP) of developing countries will inevitably increase once the remaining 3.4 billion users are connected[iii].
- Technology – Cryptoversification is a social movement built on the success of Cybersification. Society will inevitably benefit from the projects that survive their respective proof of concepts.
Cyberspace is the link that connects
developing countries to the West.
The Borderless Citizen™ is a virtual representation of society in behavior and character. The Borderless Citizen™ is a demonstration of freedom, autonomy, and anonymity, with all the advantages and shortcomings it may represent.
▲ 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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