Adel ▲ Opinion ▲ 15 ▲ The Crypto Uprising

By:  Gabriel Dusil, co-Founder & General Manager, Adel Ecosystem Ltd.

Crypto.Intro

The blockchain is the underlying technology behind all cryptocurrency. In its simplest form, it is a marketplace for digital payments and asset exchange. Rather than a central authority, a database of transactions is managed by a Peer-to-Peer (P2P) network. The importance of cryptocurrency blockchains is its ability to maintain trust at a programmable level. By solving highly complex math problems this marketplace maintains its security and trust.

The Internet created the eMarketplace
Crypto defines the cMarketplace (aka. crypto Marketplace).

Cryptocurrency has become an Over the Top (OTT) version of money, similar to OTT services for video in the entertainment industry, and the how peer to peer (P2P) networking disrupted telecommunications a decade earlier. Over the Top services disrupt incumbent infrastructures, bypassing them completely and offering an alternative competitive service. From a crypto point of view, the plan was to bypass the monopolies that control fiat money[i] – represented by governments or central banks. In a free society, cryptocurrency allows society to decide the fate of its home-grown currency.

Crypto.Apps

Crypto is not only about virtual currencies. It is an ideology that opens opportunities that streamlines and evolves legacy supply chains. The demand for fast, transparent, international transactions and business services on the blockchain is increasing not only horizontally, but vertically, as the industries set for disruption.

One potential use of blockchain is in smart assets. This is where internet-connected assets can be registered on a globally decentralized blockchain. On this basis, blockchain joins the Internet of Things (IoT) evolution, Benefits span the manufacturing, transactions, and movement of goods to any corner of the globe.

In the meantime, FinTech is considered the low-hanging-fruit for blockchain services. Businesses are exploring blockchain to settle payments and manage contracts – quickly and affordable. Successful implementations are expected to disrupt financial service monopolies as they streamline legacy supply chains.

The global benefits of blockchain are similar to how the internet revolution transformed society. With blockchain adoption, information is open and shared across companies, countries, and continents. Business, social and humanitarian possibilities are endless if blockchain applications successfully adopt best practices in privacy, security, and data management.

Crypto.Opportunity

The possibilities unfolding in the blockchain space are nothing short of revolutionary. The largest redistribution of wealth in human history is happening now, completely dictated by a free market society. The blockchain is the underlying catalyst for this evolution. People in remote locations of the world, who previously didn’t have banking services, can now use cryptocurrency as a means to transact. Remittance is significantly cheaper, needing just a smartphone to transfer funds abroad. In this sense, blockchain has the potential to remove economic, political, and social borders for information sharing and expand to humanitarian initiatives.
The blockchain is the underlying catalyst the largest redistribution of wealth in human history.

New applications will enable transparency, fairness, equality and a truly democratic spirit. For example, another application of blockchain is called “Smart Contracts”, allowing businesses to automate agreements between two parties, removing social, economic and personal biases. Smart Contracts will not only function as an unbiased point of social consciousness but also profit from it.

Projects that will succeed are those which showcase blockchain’s unique features such as immutability, decentralized redundancy, programmable trust, open data, and programmatic security. However, one of the biggest challenges in blockchain is that many developers only have “crypto visibility”. Many cryptocurrency communities lack experience in real-world businesses or managing large companies. To legitimize blockchain-tech, the crypto community must collaborate with real-world, brick-and-mortar expertise.

Crypto.Adoption

A common mistake of new entrepreneurs is to utilize a new technology without notable gains in features or functionality. It’s not enough to wrap an old app into a new coat. Many projects today capitalize on the blockchain buzz in hopes of attracting rich cyber millionaires. They have little to offer in terms of improved features and benefits. Apps that use blockchain for no other reason, other than the name recognition, will fail. The projects that will succeed are those which showcase blockchain’s unique features such as immutability, decentralized redundancy, programmable trust, open source, and programmatic security.

The volatility of cryptocurrency attracts new players with its high risk-to-reward ratio. This hype brings attention, investment, and volatility to the blockchain. Thus the cycle repeats through a roller coaster of profit and loss. When viewed from the standpoint of Roger’s Technology Adoption Curve, blockchain is currently in the Early Adopter stage. Likely this will continue into the next decade. This is supported by Gartner’s Hype Cycle ‘18[ii], which anticipates blockchain to mature in the next five to ten years.

Crypto Adoption Curve
Crypto Adoption Curve

Mentions of “cryptocurrency” and “blockchain” in mainstream media root into the general consciousness. Imagine trying to explain the Arpanet in the 80’s, before the Internet became an integral part of their daily life. With each surge in bitcoin value, new spectators take notice, establishing crypto as a household term. As more big players like Apple, Google and Amazon come on board, the average consumer will help to catapult blockchain into the stratosphere. The future may be closer than we realize, with evolving requests such as:

  • Consumer: “Can I buy your product with Bitcoin?”
  • Corporate: “Can I pay your invoice with Ethereum?”
  • Government: “Can I pay my annual tax return with cryptocurrency?”

Alternatively, blockchain may not become a household name. For example, modern society enjoys access to electricity, gas, and water but have no idea that SCADA is used to operate those services. TCP/IP is well known amongst tech circles, but many don’t know that it is the underlying protocol used to surf the Internet. The blockchain is more analogous to TCP/IP than the “Internet”, in this sense. Blockchain may take on an underlying infrastructure role, but the mainstream may have no idea it’s there, “as long as it works!”

Crypto.Potential

In crypto, there is long-term confidence. The market is certainly volatile and is not for the faint of heart, but the potential for cryptocurrencies is bright. This can be argued from several observations:

  • Bitcoin continues to receive an influx of investment from mainstream users. With every spike in value, a new round of actors enters its market hysteria. There will continue to be spikes and corrections correlating with the adoption and the evolution of the technology, but as time goes on, the price bounces will become more stable as the technology and market mature.
  • Tens of thousands proof of concepts around the world is a testament to blockchain’s potential success. Practically every vertical market is investigating the use of blockchain in their environment. Even if a fraction of them survive, it will further propel crypto into the mainstream.
  • Facebook, Apple, Amazon, Netflix, Google (aka. FAANG[iii], on Wall Street) continue to investigate the use of cryptocurrencies in their services. Once big players are on board, there will be a cascading effect of secondary and tertiary players following their lead.

Crypto Dependencies
Crypto Dependencies

In addition, there are three main factors mainly driving bitcoin and blockchain to the mainstream:

  • The user experience and user interface (i.e. UI/UX) for applications need to improve in order to attract brick and mortar companies. Many blockchain projects are focused on offering a more robust experience for their users.
  • Adoption is necessary to legitimize crypto into and connect cMarketplaces with mainstream eMarketplaces. As new users are enticed by Bitcoin’s hype, they also get “hooked” into the trading game. Once you’re in, you’re. Traders learn to adjust, to fluctuating market conditions, even if the market drops, they typically don’t abandon their investment – they look at the next opportunity.
  • Stability is necessary to legitimize bitcoin. This has yet to play-out in crypto. But volatility attracts new players who have a high risk-to-reward ratio.

Crypto hype brings attention.
Attention brings awareness.
Awareness brings Investment

Blockchain will propagate due to its ability to flatten the world’s flow of information and data sharing capabilities. Applications that showcase such abilities will shine.

About the Author

Gabriel Dusil

Gabriel is a sales and marketing expert with over 25 years in senior positions at Motorola, VeriSign (acquired by Symantec in 2010 for 1.250 billion US$), and SecureWorks (acquired by Dell in 2011 for 612 million US$), and Cognitive Security (acquired by Cisco in 2013 for 25 million US$). 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., and manages a professional blog at https://dusil.com.

References

[i] https://en.wikipedia.org/wiki/Fiat_money

[ii] https://www.gartner.com/smarterwithgartner/5-trends-emerge-in-gartner-hype-cycle-for-emerging-technologies-2018/

[iii] Kenneth G. Winans, “Facebook, Apple, Amazon, Netflix, Google Are Too Hot. These Other Tech Names Look Better” (Forbes, November 16, 2017, https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/kennethwinans/2017/11/16/facebook-apple-amazon-netflix-google-are-too-hot-these-other-tech-names-look-better/&refURL=https://www.google.at/&referrer=https://www.google.at/)

Adel ▲ Motion Graphics ▲ Infographics

Adel has released its third motion graphic video, showcasing a selection of our infographics. We have also published several white papers on our website outlining our vision for a community-based incubator for blockchain innovation. Join our Initial Coin Offering (ICO) on the 1st of May 2017, and participate in the creation and ownership of cutting-edge blockchain solutions that will change the world.

Checkout our website at www.adelphoi.io, and our other videos in the “Why Us” section.

 

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Gabriel Dusil
Co-Founder & Board member, Adel

Adel Motion Graphics

▲ Story

▲ Launch

▲ Infographics

Adel ▲ Motion Graphics ▲ Launch

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We’re proud to release our second motion graphic video, introducing Adel to potential investors in advance of our Initial Coin Offering (ICO), launching on May 1st, 2017. We are also showcasing this video on our website, adelphoi.io, in the “Why Us” section. Also check out our white papers and our first announced project: P2P ATM.

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Gabriel Dusil
Co-Founder & Board member, Adel

Adel Motion Graphics

▲ Story

▲ Launch

▲ Infographics

Adel ▲ Press ▲ In Nxter, Venture Beat, Fintech Finance, and more…

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Adel had great coverage last week, continuing from our website launch on December 6th. Here are some highlights:

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Adel – Creating Opportunities for Blockchain Innovation

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All you need to know about ICO investment

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Before you invest in a blockchain startup, read this

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Fuelling Innovation in a Fundraising Ecosystem

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Listing – BiFabu.com 

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11 Blockchain-Focused Startup Incubators as Unconventional as the Technology

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Listing – Travin Keith, Marketing Manager at Adel

Adel ▲ Motion Graphics ▲ Story

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Today we released our first motion graphics video, introducing Adel to investors, partners, and future stakeholders. We are also showcasing this video on our website, adelphoi.io, in the “Why Us” section, play button. This is the first in a series of videos we plan to release, over the next three months. Stay tuned, and enjoy!

Participate in our Initial Coin Offering (ICO) on the 1st of May 2017.

 

 

 

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Gabriel Dusil
Co-Founder & Board member, Adel

Adel Motion Graphics

▲ Story

▲ Launch

▲ Infographics

Adel ▲ Press ▲ In Forbes, The Economic Times, The Paypers, and more…

logo-adel-v3-4-adel-horizontal-dark-text

We had great media coverage this week, from our Adel website launch. Here are some highlights:

2016.Dec.6

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Adel Fintech Incubator Unveils Crowdfund Using Nxt’s Blockchain

2016.Dec.6

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Adel ▲ Creating Opportunities for Blockchain Innovation

2016.Dec.6

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▲ Adel announces 2017 blockchain ICO

2016.Dec.6

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▲ Adel, a technology incubator for blockchain innovation

2016.Dec.7

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▲ Adel to support blockchain projects, ICO to begin in March 2017

2016.Dec.7

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▲ Czech fintech incubator launches ICO on Nxt’s blockchain

2016.Dec.7

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▲ Adel FinTech incubator unveils crowdfund using Nxt’s blockchain

2016.Dec.8

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▲ The Adel community will support the Blockchain project, beginning in March

Adel社区将支持区块链项目,Adel ICO将于2017年3月开始

Fuelling Innovation in a Fundraising Ecosystem

Adel Launches Website

  • Adel are custodians of its ecosystem and its community members
  • Mobilizing community expertise and resources
  • Voting, collaboration, and expert participation in projects
  • Leading FinTech adviser Jan Lamser joins Adel Board

Adel, an infrastructure aimed at developing, supporting and funding innovative startups using blockchain technology, announced its plan today for a month-long ICO which will open on the 1st of March, 2017. The Adel ecosystem consists of stakeholders, registered community members, staff, the Project Review Committee, and the Adel Board. Their vision is to create an ecosystem of innovative projects where members can participate in, mentor, and improve project plans. Adel offers a decentralized alternative to traditional venture capital funding, angel investments, and other established financial sources.

Co-founder and Board member, Gabriel Dusil comments, “We’re lucky to have this opportunity to introduce Adel to the evolution of blockchain technology. Our research team has identified an exciting untapped market opportunity:  providing parties interested in innovation with a community-based infrastructure to participate in long-term projects. By leveraging the emergence of blockchain as a service (BaaS), we created the Adel ecosystem so that participants have a collaborative platform to initiate, develop, showcase and fund their innovations.

Adel is a global community that is self-regulated, self-sustained, and offers its own economic ecosystem using the Adelphoi cryptocurrency token.  Adel is built on Nxt, the leading decentralized blockchain as a service platform, and Ardor, which is the next evolution of Nxt’s technology. Participation in startups will be decided by the Adel community, while successful ventures will be developed and issued as rewards to Adel’s stakeholders. The community and stakeholders will have the opportunity to introduce use cases that involve blockchain technology.

Jan Lamser, Co-founder and Board member adds, “We are very excited by the prospects of blockchain technology transforming many industries. The momentum created in distributed ledger solutions is impressive. There is a lot of energy and diversity amongst entrepreneurs in the FinTech industry who are looking for ways to harness blockchains. All too often, traditional approaches to mobilizing resources miss out on the potential of startups. Adel provides a forum of like-minded parties who understand these needs.”

High levels of integrity, ethics, compliance, and security are of the utmost concern for Adel’s founders. Ultimately, it is the collective vote of Adel’s members that decide which projects are launched and supported. Served by a staff of 18 people and still growing, Adel will empower the community and its members. Their mandate is to evaluate startups and provide guidance to the community.


Adel is a technology incubator for blockchain innovation – Dedicated to delivering a resilient ecosystem for its community. Adel is an infrastructure aimed at developing, supporting and funding innovative startups using blockchain technology. The ecosystem consists of stakeholders, community members, staff, a Project Review Committee, and the Adel Board. Its aim is to support projects where members can participate, mentor, and improve their business plans. Adel will harness blockchain as a service (BaaS) to create a collaborative platform for developing, showcasing and funding innovations. Adel is built on Nxt, the leading decentralized blockchain as a service platform, and Ardor, which is the next evolution of Nxt’s technology.

Adel ▲ Creating Opportunities for Blockchain Innovation

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www.adelphoi.io

It’s astonishing what people can achieve when they believe in something.

In January 2016 my friend, Michal Vavrek had an idea to create a community-based ecosystem to fuel project innovation. So he flew to Amsterdam to meet with the Nxt Foundation, and they agreed to support the project. A few weeks later Miša approached me to co-found the company with him, and we began working on what would become Adel.

Adel is a Technology Incubator for Blockchain Innovation

Here we are, 10 months later and we have a lot to show for our efforts. Our staff has grown to eighteen, and we are a global team and completely decentralized.  It’s been a team effort throughout this journey, and each member brings their own unique expertise to make us great. The team is filled with passion to make this project a huge success.

Over the next three months we’ll introduce Adel to the world, with white papers, projects, infographics, and other materials. Our activities in the next few months will lead us to our Internet Coin Offering (ICO) on the 1st of March 2017. These are exciting times for blockchain technologies, and Adel will soon be a major player in it’s evolution and innovation. Check out our new website, and learn about the exciting things we’re planning.

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Gabriel Dusil
Co-Founder & Board member, Adel