Adel ▲ Opinion ▲ 11 ▲ The Next Evolution in Crypto Trading

The Next Evolution in Crypto Trading.PNG

By: Gabriel Dusil, co-Founder & General Manager, Adel Ecosystem Ltd.
Jessica Zartler, Director of Marketing & Communications, Adel Ecosystem Ltd.

In the revolution of emerging blockchain technologies, shifting from legacy models and habits to embrace this paradigm shift, occurs in iterations. Arguably, the most significant aspect of blockchain is decentralization, which allows for programmable trust, distributed ownership, and removes the necessity for third-party arbitration.

Money is flooding into cryptocurrency, seen by a market cap increase from 18 billion US$ to more than 600 billion US$ just in 2017. That is a 240 fold increase. With 99 percent of transactions still residing in centralized exchanges (Coinmarketcap.com), the shift to fully decentralized platforms is just on the horizon. Several major catalysts are contributing to the move to decentralized cryptocurrency exchanges, also known as DEXs.

DEXs are superior in security and provide instant account creation. However, in their current state of development, they lack liquidity and their user experience and user interface (UX/UI) are still immature compared to their centralized counterparts. Generally speaking, the more liquid the market, the less volatility, and price manipulation, making DEXs vulnerable at this stage. At the moment, investors are still walking a thin tightrope between friction and fluidity, causing growing pains before mass-market adoption.

The Next Evolution in Crypto Trading 2.PNG

To understand the importance of this shift and what it means, we should understand how centralization affects the investment ecosystem, and explore the development steps needed for DEXs to reach their full potential. Centralized exchanges are platforms that allow investors and traders to buy, sell and exchange cryptocurrency against fiat or other crypto assets. Traders deposit funds and the exchange issues an IOU that is freely tradeable on their platform. When a trader wants to withdraw funds, the IOUs are converted back to currency and returned to the trader.

Centralized exchanges are an on-ramp for people with fiat currency (i.e. dollars, euros, yen or otherwise) to purchase cryptocurrency. While these exchanges allow movement from fiat to crypto, they are a prime target for hackers and have been taken for billions of dollars. Exchanges which follow regulatory guidelines have lengthy registration processes which further hinders investment speed. They also have service lags (brownouts or blackouts), and maybe susceptible to government shutdowns.

DEXs shift investments from a centralized third party to peer-to-peer transactions, through proxy tokens or assets or a multi-signature escrow system, among other solutions being developed. This allows investors to remain, sole custodians of their funds, rather than relinquish their private keys (the passwords used to secure their accounts) to centralized exchanges. DEX benefits include instantaneous account creation, elevated privacy, and decentralized server resilience, ensuring that the infrastructure cannot be shutdown.

If DEXs are the next evolution, why only a one percent market adoption? To begin with, the DEX concept is brand new. As centralized exchanges proceed through their own market maturity lifecycle, decentralized services are only at the starting gate. Because DEXs are blockchain driven, account control resides solely in the hands of the trader. If they lose their private key, or make a mistake when entering a buy or sell order, then there is no recourse – liability resides exclusively with the account holder, and there can be no finger-pointing. In addition:

  • Margin lending and other more advanced trading options are not yet available on DEXs.
  • There is a chicken-egg effect at play, resulting in low liquidity. Since transactions happen on the blockchain itself, there may be issues of scaling pressure if the connected blockchains have not been architected well.
  • Miners can see the blockchain transactions before they are cleared, resulting in front-running risk and market manipulation.
  • Fiat to crypto trading in DEXs will require the cooperation of banks which introduces a new centralized point of failure.

The list of challenges for DEX developers is long, however, they are making quick progress. Developing user-friendly interfaces (UX/UI) continues. Issues like liquidity, scalability and front-running are being solved with new technology models such as relayers, off-chain transactions, hardware-wallets, as well as using a hybrid of centralized and decentralized exchanges to pool liquidity.

Although development is happening at lightning speed, trading performance highlights o a huge gap in the market. While NASDAQ processes one million transactions per second, centralized crypto exchanges average just ten thousand per second. If development is any indicator of velocity, crypto exchanges estimate a ten-fold improvement in the next 12 months.

Progress continues and the momentum is starting to shift in the direction of DEXs, the next evolution of cryptocurrency investment. Those who can iterate the quickest, will unleash full speed liquidity and capitalize on the decentralized nature of blockchains.

▲ Adel ▲ Opinions

If you liked this article and would like to read more in this series, then check them out here:

▲ 1 ▲ The Right Path to Funding Decentralized Organizations

▲ 2 ▲ The Next Evolution in Funding Innovation

▲ 3 ▲ A Philosophy for Blockchain Integrity

▲ 4 ▲ A Collaborative Blockchain Incubator

▲ 5 ▲ Blockchain Diversity & Passion

▲ 6 ▲ Blockchain Startup Expertise

▲ 7 ▲ Blockchain Portfolio Diversification

▲ 8 ▲ Blockchain Incubation to Employment

▲ 9 ▲ From Blockchain Innovation to Execution

▲ 10 ▲ Blockchain Will Transform Retail Lending

▲ 11 ▲ The Next Evolution in Crypto Trading

▲ 12 ▲ Crypto Trading for Everyone

▲ 13 ▲ Architecting Crypto Financial Instruments

▲ 14 ▲ Crypto, For the People, By the People

▲ 15 ▲ The Crypto Uprising

▲ 16 ▲ Blockchain’s Disruption in 2020 & Beyond

About the Authors

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.

Jessica Zartler, Crypto Marketing

  • Jessica is an award-winning multimedia journalist, content strategy expert and digital marketing consultant with more than ten years of experience. Her work has appeared on several platforms including Forbes, The Associated Press, The Wall Street Journal, MSNBC, Fast Company, and Entrepreneur. Fascinated by the burgeoning blockchain space, she loves to contribute to educational communication about the potential of this new technology for revolution, and the incentivization of fair, inclusive, and environmentally conscious business practices.
  • LinkedInhttps://www.linkedin.com/in/jessicazartler/

Adel ▲ Opinion ▲ 10 ▲ Blockchain Will Transform Retail Lending

Blockchain Will Transform Retail Lending

By: Gabriel Dusil, co-Founder & General Manager, Adel Ecosystem Ltd.
John McLeod, Founder, JEA Associates Ltd.

One of the great surprises of the Blockchain revolution is that banks continue to occupy a near-monopolistic position within financial services, despite their obvious and much-publicized inadequacies. In the UK alone, five high street banks account for 80 percent of SME businesses, and control over 80 percent of domestic bank accounts. Even with the advances made with the digitalization across communications, media and computing industries, their hold remains as tight as ever.

Traditionally this stranglehold has been attributed to high barriers-to-entry, not least regulation and capital ratios for potential lenders. However, in an era where anyone with a car can become a taxi driver and anyone with a spare room can become a guest house, it’s realistic for people with spare cash to become a lender. Since the Renaissance, banking has been carried out on an institution-to-consumer basis or an institution-to-institution basis. Legal and accounting frameworks governing banks have, by and large, remained the same for half a millennia. In fairness, there have been some useful inventions pushing the financial agenda forward – such as online banking, ATMs and credit/debit cards – however, the benefactors of these financial systems reside overwhelmingly in the developed world. With over two billion unbanked in the world, the need for a more equitable and inclusive approach has never been greater.

The use of blockchain technology, particularly smart contracts, has the potential to disrupt the entire retail banking sector, creating a decentralized peer-to-peer network that enables people to borrow and lend in a more streamlined manner. Programmatically settling pre-agreed terms and conditions between two parties was not possible just a few years ago. This is still contingent on account holders willing to take on the same risks as banks, evaluate creditworthiness, pre-arrange written contracts with customized terms and conditions, and at what rate. When these parameters are met then money can be automatically paid, without the need for a human intermediary. This is the basis of smart contracts.

The benefits of blockchain for retail lending encouraged greater competition. Financial monopolies are finally challenged by virtual currencies, and billions of people in developing markets can have access to loans that were previously too expensive or inaccessible.

The current centralized financial industry has enormous disparities in global lending interest rates. Today, the inflation-adjusted interest rate in different countries varies based on available liquidity. In high liquidity markets such as Europe, interest rates are between 0.5 to 5 percent. In lower liquidity markets such as Russia, they are at 12 to 15 percent, 12 percent in India, and as high as 32 percent in Brazil. These dramatic differences demonstrate a clear inequality. Interest rates for microloans in developing countries are between 30 to 40 percent on average, making borrowing impractical. Interest rates for decentralized lending on the blockchain is a streamlined solution to this disparity. Consumers from developing countries can have access to the same lending services as people from highly liquid markets.

These benefits go beyond just fairness and inclusivity. Blockchain radically improves on the problems associated with legacy systems, transaction latency, and transparency. It still takes three working days to approve loans or transfer money between cross-border accounts. In blockchain this transaction is carried out in minutes, using just an internet-connected smartphone.

For the first time in history blockchain service providers (BSP) have the potential to create a fairer and more inclusive lending environment. Dated infrastructures, fragmented governance, and economic borders are often cited as to why financial lending fails on a global scale. A recent report by McKinsey cited that Blockchain technology and inclusion in the digital economy could boost the GDP of all emerging economies by six percent. That translates to $3.7 trillion by 2025. The role of retail banks, in both developed and developing markets, in promoting sustainable and fair services has been questioned. Accessibility, fair terms, and transparency have denied large chunks of the world’s population to banking services that developed countries have enjoyed for decades. Smart contract technology provides the solution to disrupting this elitist source of finance. The potential gains and benefits to global economics and society are on the horizon. The question remains: Will people take advantage of it?

▲ Adel ▲ Opinions

If you liked this article and would like to read more in this series, then check them out here:

▲ 1 ▲ The Right Path to Funding Decentralized Organizations

▲ 2 ▲ The Next Evolution in Funding Innovation

▲ 3 ▲ A Philosophy for Blockchain Integrity

▲ 4 ▲ A Collaborative Blockchain Incubator

▲ 5 ▲ Blockchain Diversity & Passion

▲ 6 ▲ Blockchain Startup Expertise

▲ 7 ▲ Blockchain Portfolio Diversification

▲ 8 ▲ Blockchain Incubation to Employment

▲ 9 ▲ From Blockchain Innovation to Execution

▲ 10 ▲ Blockchain Will Transform Retail Lending

▲ 11 ▲ The Next Evolution in Crypto Trading

▲ 12 ▲ Crypto Trading for Everyone

▲ 13 ▲ Architecting Crypto Financial Instruments

▲ 14 ▲ Crypto, For the People, By the People

▲ 15 ▲ The Crypto Uprising

▲ 16 ▲ Blockchain’s Disruption in 2020 & Beyond

About the Authors

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.

John McLeod

  • John has spent nearly a decade working for a number of leading public relations firms in London, focusing primarily on PR management in the financial services sector. John’s expertise includes blockchain technology and the evolution of cryptocurrencies in financial services. That’s why he recently founded his own consulting firm, JEA Associates Ltd., which is specifically positioned to communicate the value proposition of this burgeoning technology. John has spent the past year successfully executing campaigns for a digital currency consultancy, decentralized financial solutions, and online payments platforms.
  • LinkedInhttps://uk.linkedin.com/in/john-mcleod-a323799

Adel ▲ Conference ▲ Startup Incubation with Blockchain Communities ▲ London

17_Oct_11_London_Startup_Incubation_with_Blockchain_Communities_Gabriel_Dusil_1_smaller.jpg

At this London event, Adel spoke about blockchain innovation in front of an audience of 200 a major European conference dedicated to ICO investments. Smile Expo’s event focused on ICOs and drew a diverse crowd of investors, government officials, banking and fintech executives and hundreds of journalists.

Gabriel Dusil, co-founder & board member, Adel

Abstract

▲ At this ICO Conference, Adel’s co-founder explores the foundations of a community-based ecosystem, to fuel blockchain innovation. This presentation focus on the challenges of building a streamlined environment for creativity, and an efficient execution of successful projects that will use blockchain technology. Idea Incubation is discussed from the perspective of blockchain opportunities in Fintech, Healthcare, eGovernment, Information Communication Technology (ICT) and the Internet of things (IoT). Topics include Adel’s Idea Incubation, I2, Project Planning, P2, and Enterprise Execution, E2 process. Successful projects will be incubated through a well architected Wiki process that combines of People Process and Technology.

Presentation

▲ Here is the video of our presentation:

▲ Here is the presentation on SlideShare:

▲ Here are the native powerpoint slides:

17.Oct.11 – London · ICO Summit (Smile Expo).pptx

More Conferences

Check out more Adel conferences via these links:

▲ Conference ▲ Borderless Citizens™ in the 21st Century ▲ Berlin

▲ Will Pandemic Protocols Establish a Utopian Economy? ▲ Helsinki

▲ MultiStakeholder Governance for the Crypto Generation ▲ Gdansk

▲ A Community Incubator for Blockchain Innovation ▲ e.conomia

▲ Startup Incubation with Blockchain Communities ▲ London

▲ Startup Incubation with Blockchain Communities ▲ Stockholm

▲ Living the Blockchain Revolution ▲ Warsaw

▲ Innovation in Banking ▲ Prague

Adel ▲ Conference ▲ Startup Incubation with Blockchain Communities ▲ Stockholm

17_Sep_7_Stockholm_Startup_Incubation_with_Blockchain_Communities_Gabriel_Dusil

At this event we spoke to blockchain and bitcoin enthusiasts, on “How blockchain incubation will change the world”. This event focused on the implementation of blockchain and cryptocurrency.

“Experts share their experience of implementing Blockchain in governmental institutions (Govtech), banking system, trading, media, healthcare and other spheres. We will discuss all the aspects of creating innovative IT products – from the emergence of idea to entering the market.”
Smile Expo

Gabriel Dusil, co-founder & board member, Adel

Abstract

▲ In Stockholm’s Bitcoin & Blockchain Conference, Adel’s co-founder explores the creation of a community-based ecosystem, to fuel blockchain innovation. This presentation focus on the challenges of building a streamlined environment for creativity, and an efficient execution of successful projects that will use blockchain technology. Idea Incubation is discussed from the perspective of blockchain opportunities in Fintech, Healthcare, eGovernment, Information Communication Technology (ICT) and the Internet of things (IoT). Topics include Adel’s Idea Incubation, I2, Project Planning, P2, and Enterprise Execution, E2 process. Successful projects will be incubated through a well architected Wiki process that combines of People Process and Technology.

Presentation

▲ Here is the video of our presentation:

▲ Here is the presentation on SlideShare:

More Conferences

Check out more Adel conferences via these links:

▲ Conference ▲ Borderless Citizens™ in the 21st Century ▲ Berlin

▲ Will Pandemic Protocols Establish a Utopian Economy? ▲ Helsinki

▲ MultiStakeholder Governance for the Crypto Generation ▲ Gdansk

▲ A Community Incubator for Blockchain Innovation ▲ e.conomia

▲ Startup Incubation with Blockchain Communities ▲ London

▲ Startup Incubation with Blockchain Communities ▲ Stockholm

▲ Living the Blockchain Revolution ▲ Warsaw

▲ Innovation in Banking ▲ Prague

Adel ▲ Conference ▲ Living the Blockchain Revolution ▲ Warsaw

17_Dec_1_Warsaw_Cryptocurrency_World_Expo_thumbnail.jpg

This was one of the largest blockchain events of the year with 1,400 of the biggest names in cryptocurrency meeting in Poland. The biggest exchanges, payment providers, leaders in fintech, miners, traders, ICO participants and crypto-maniacs were eager to discuss trends and new opportunities for innovation at this summit.

Our most active member, Robin Jansen also attended. It was great to meet up and talk crypto with such an experienced blockchain expert.

Gabriel Dusil, co-founder & board member, Adel

Abstract

▲ Adel’s co-founder discusses the blockchain paradigm, and how it has begun to change global society. This presentation focuses on the disruption of the “Religion of Money”, through the creation of bitcoin, as the first and truly global currency. The crypto-economy is “For the people, by the people, and of the people”. Topics of this presentation include Idea Incubation, Project Planning, and Enterprise Execution. Gabriel also discusses the phenomenon of blockchain’s popularity, in the context of its ideology and disruptive nature in horizontal and vertical industries, fueling opportunities in Fintech, Healthcare, eGovernment, Information Communication Technology (ICT) and the Internet of things (IoT).

Presentation

▲ Here is the video of our presentation:

▲ Here is the presentation on SlideShare:

▲ Here are the native powerpoint slides:

17.Dec.1 – Warsaw · Cryptocurrency World Expo.pptx

More Conferences

Check out more Adel conferences via these links:

▲ Conference ▲ Borderless Citizens™ in the 21st Century ▲ Berlin

▲ Will Pandemic Protocols Establish a Utopian Economy? ▲ Helsinki

▲ MultiStakeholder Governance for the Crypto Generation ▲ Gdansk

▲ A Community Incubator for Blockchain Innovation ▲ e.conomia

▲ Startup Incubation with Blockchain Communities ▲ London

▲ Startup Incubation with Blockchain Communities ▲ Stockholm

▲ Living the Blockchain Revolution ▲ Warsaw

▲ Innovation in Banking ▲ Prague

Adel ▲ Opinion ▲ 4 ▲ A Collaborative Blockchain Incubator

▲ Incubator Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
Jessica Allen, Blockchain Enthusiast & Social Media Expert

A Collaborative Blockchain Incubator

Most blockchain initiatives had a singular goal: to introduce a new blockchain platform (Ethereum, July 2015; Lisk, May 2016; Waves, January 2017). More recently, projects began to appear to focus on launching a more FinTech-focused service linking blockchain to gold such as Digix Global[1], or Ether ETF, the first-ever Ethereum-related Exchange Traded Product (ETP) in the United States[2].

With so much innovation in blockchain, is there a market to consolidate ideas into a single platform?

  • What about an ecosystem that encourages diversity across many industries with a vision of collaborative success?
  • Similar to the crowdfunding success of Kickstarter, a startup incubator that will legalize projects and help them be successful.
  • A single platform that unifies people from various industries, disciplines and regional backgrounds to accelerate idea development and implement real-world projects.
  • A community that enables innovation and equity ownership in projects.

The incubator model[3] has proven itself effective because people bootstrap ideas into viable projects without requiring exorbitant amounts of seed capital. Combining startup incubation with collaborative workspaces[4] is a rapidly growing phenomenon. These environments provide local space for startups to form and allow users to share resources and expertise to cross-pollinate ideas. They leverage business services like human resources and effectively manage funds.

Economies of Scale Through Collaboration

These new approaches to startup incubation demonstrate the need for efficiency, cost savings, and community in order to give ideas momentum. Efficiency is created by using investment funding in an ecosystem where multiple industries work together. Sometimes the best ideas come from disparate disciplines joining together to create something new which could not have been realized in isolation. The relationship between medicine and engineering has proven this synergy for several decades[1].


Figure #1: Adel Community Modules

Merging real-world incubator initiatives with virtual collaborative workspaces is the vision of Adel Ecosystem Ltd. Adel’s global incubator will include six online modules (Figure #1) with the intention of fostering collaboration.

  • A collaboration module will be a discussion forum to fuel ideas, as well as develop business plans for ideas that the community supports.
  • A voting module will enable a democratic vote by members.
  • A project module will show a bi-weekly status of project operations and success metrics.
  • A market module will be used to sell products and services from those projects, as well as post job vacancies in the various projects. Addition modules will be introduced, including one for currency trading.
  • Wrapping up the modules are the account and trading modules which show the status of the member’s wallet and allow them to send and receive coins with other members of the community.

Adel co-founder, Gabriel Dusil, is up for the complex challenges ahead, commenting, “Our decentralized and virtual incubator has its challenges, but we will manage that. As leaders and curators, it will be our responsibility to make sure that efficiency is maintained and momentum is sustained. When we see that there is a constructive effort to move ideas forward then we have the responsibility to make sure that the process continues to flow. That is one of our main responsibilities as curators of the community”.

▲ Adel ▲ Opinions

If you liked this article and would like to read more in this series, then check them out here:

▲ 1 ▲ The Right Path to Funding Decentralized Organizations

▲ 2 ▲ The Next Evolution in Funding Innovation

▲ 3 ▲ A Philosophy for Blockchain Integrity

▲ 4 ▲ A Collaborative Blockchain Incubator

▲ 5 ▲ Blockchain Diversity & Passion

▲ 6 ▲ Blockchain Startup Expertise

▲ 7 ▲ Blockchain Portfolio Diversification

▲ 8 ▲ Blockchain Incubation to Employment

▲ 9 ▲ From Blockchain Innovation to Execution

▲ 10 ▲ Blockchain Will Transform Retail Lending

▲ 11 ▲ The Next Evolution in Crypto Trading

▲ 12 ▲ Crypto Trading for Everyone

▲ 13 ▲ Architecting Crypto Financial Instruments

▲ 14 ▲ Crypto, For the People, By the People

▲ 15 ▲ The Crypto Uprising

▲ 16 ▲ Blockchain’s Disruption in 2020 & Beyond

About the Authors

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.

Jessica Allen

Jessica is a blockchain enthusiast and social media community expert with over 25 years of technology and 15 years of digital marketing experience.  As a mother of two, Jess is passionate about blockchain’s potential to innovate industries, unite communities and create a sustainable global economy.  She brings the ability to create conversations with anyone, at any level, about blockchain use cases and potential.  Jess is active on social media @TheJessAllen and volunteers her time with the Isha Foundation to help share the benefits of yoga and meditation as fundamental tools for human transformation.

References

[1] https://www.asme.org/engineering-topics/articles/bioengineering/top-5-medical-technology-innovations and http://medicalfuturist.com/top-10-medical-technologies-of-2016/

[1] https://www.dgx.io

[2] http://www.zerohedge.com/news/2017-04-26/ethereum-surges-all-time-high-sec-considers-ether-based-etf

[3] https://www.inc.com/john-rampton/top-10-hot-incubators-to-join-in-silicon-valley.html and https://www.forbes.com/sites/tomiogeron/2012/04/30/top-tech-incubators-as-ranked-by-forbes-y-combinator-tops-with-7-billion-in-value/#6b70519d51f3

[4] https://hbr.org/2011/11/inventing-the-collaborative-workspace

Adel ▲ Opinion ▲ 9 ▲ From Blockchain Innovation to Execution

▲ Incubator Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
Jessica Allen, Blockchain Enthusiast & Social Media Expert

From Blockchain Innovation to Ownership

Blockchain is arguably the most transformative technology since the invention of the Internet. Initially, the cryptocurrency use case with Bitcoin was fuelled by talented developers who were passionate about its stateless ideology. In the Blockchain Adoption Curve (Figure #1), these innovators represented talented technical minds who believed that blockchain could revolutionize the financial world with Bitcoin as its first use case. Although it took some time to gain momentum, this application established confidence that a currency born from code could be viable, powerful and profitable. It took several years for a new group of early adopters to realize its potential beyond a monetary system.Figure #1: Blockchain Adoption Curve

Since the introduction of Satoshi Nakamoto’s white paper in 2008, several other blockchain platforms attempted to establish themselves. However, some of these shut down due to devastating hacking attacks such as the one on the DAO[1], scams such as Coin.mx[2], or due to legal reasons[3]. Meanwhile, governments continue to play catch-up by implementing new regulations to address the growing popularity of cryptocurrencies and mitigating the security risks of anonymity.

By 2013, a wider audience from many industries began to take notice. These new supporters began to investigate how blockchain could improve society, science, medicine, government, and many others.

Despite all this attention, a powerful blockchain startup incubator had yet to be established to help drive innovation in this industry. Even with over 10,000 projects on GitHub[4], blockchain innovation needed a structured environment – not for development, but for all other aspects of launching a successful business.

A Brand that Fuels Innovation

Adel launched in December 2016 to offer such a platform; a home where innovators, investors, and experts can actively participate in a community environment to build viable blockchain solutions. Adel recognized that to build such an ecosystem, necessary legal steps had to be taken to secure their platform. This includes launching a Know Your Customer (KYC), Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) compliant ICO which began on May 1st, 2017 and continues until May 31st. Their crowdfunding initiative is to sell their Adelphoi (ADL) coin as a cryptocurrency to transact within an exclusive community of like-minded participants.

Some may argue their vision is in opposition to blockchain liberalists who value anonymity, complete freedom, and a stateless society. But Adel believes that a platform that follows regulatory compliance is necessary to legitimize blockchain and move this technology into the mainstream. Adel is poised to create a powerful blockchain ecosystem by establishing six main pillars:

  • A Philosophy for Blockchain Integrity ▲ This is a commitment to their community to uphold the ethical, moral and legal requirements of every member and project in the ecosystem.
  • A Collaborative Blockchain Incubator ▲ Their intention is to serve as the curators of the community. Their goal is to maximize participation and capitalize on the expertise of its members while providing the freedom and liquidity to exit at any time.
  • Blockchain Diversity and Passion ▲ This ensures that the democratic voting process and project approvals have the depth and range of cultural, political, regional, and economic perspectives.
  • Blockchain Startup Expertise ▲ This is essential to creating business plans that turn ideas into projects and projects into sustainable and successful businesses.
  • Blockchain Portfolio Diversification ▲ The intention is to build a diverse portfolio that spans a variety of industries, creating investments sustained in a strong risk management strategy. Projects that cross several vertical markets ensure stability and sustainability.
  • Blockchain Incubation to Employment ▲ This is Adel’s unsung asset to their powerful ecosystem. Members play an active role in developing projects until they are executed. A member’s role can continue as an expert advisor or employee within the project management team and by demonstrating skills that the project requires.

Adel co-founder and General Manager, Gabriel Dusil, stated, “No technology since the Internet has garnered so much attention. Blockchain is viewed with high potential in helping society to streamline processes, but it’s not a silver bullet, and some proof of concepts will not survive. The proof of concepts that emerge will change computing forever. We want Adel to be a central resource to accelerate ideas to projects. We want to be the leading global brand for blockchain incubation.”

▲ Adel ▲ Opinions

If you liked this article and would like to read more in this series, then check them out here:

▲ 1 ▲ The Right Path to Funding Decentralized Organizations

▲ 2 ▲ The Next Evolution in Funding Innovation

▲ 3 ▲ A Philosophy for Blockchain Integrity

▲ 4 ▲ A Collaborative Blockchain Incubator

▲ 5 ▲ Blockchain Diversity & Passion

▲ 6 ▲ Blockchain Startup Expertise

▲ 7 ▲ Blockchain Portfolio Diversification

▲ 8 ▲ Blockchain Incubation to Employment

▲ 9 ▲ From Blockchain Innovation to Execution

▲ 10 ▲ Blockchain Will Transform Retail Lending

▲ 11 ▲ The Next Evolution in Crypto Trading

▲ 12 ▲ Crypto Trading for Everyone

▲ 13 ▲ Architecting Crypto Financial Instruments

▲ 14 ▲ Crypto, For the People, By the People

▲ 15 ▲ The Crypto Uprising

▲ 16 ▲ Blockchain’s Disruption in 2020 & Beyond

About the Authors

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.

Jessica Allen

Jessica is a blockchain enthusiast and social media community expert with over 25 years of technology and 15 years of digital marketing experience.  As a mother of two, Jess is passionate about blockchain’s potential to innovate industries, unite communities and create a sustainable global economy.  She brings the ability to create conversations with anyone, at any level, about blockchain use cases and potential.  Jess is active on social media @TheJessAllen and volunteers her time with the Isha Foundation to help share the benefits of yoga and meditation as fundamental tools for human transformation.

References

[1] http://www.coindesk.com/understanding-dao-hack-journalists/

[2] https://bitconnect.co/bitcoin-news/404/coin-mx-bitcoin-exchange-fraud-mastermind-pleads-guilty-faces-lengthy-prison-sentence

[3] https://bravenewcoin.com/news/36-bitcoin-exchanges-that-are-no-longer-with-us/

[4] https://news.bitcoin.com/bitcoin-projects-github-surpass-10000/

Adel ▲ Opinion ▲ 5 ▲ Blockchain Diversity & Passion

▲ Incubator Series

By:  Gabriel Dusil, Co-founder & Board Member, Adel
Jessica Allen, Blockchain Enthusiast & Social Media Expert

Blockchain Diversity & Passion

A strong blockchain should look beyond finance and computing to reach the mainstream. To get there, the platform needs a diverse talent pool that is passionate about ideas. A decentralized collaboration tool has its challenges, but one aspect is certain: individuals from all walks of life can participate in the development and implementation of blockchain technologies in industries where they have the desire and experience.

A diverse community allows members to interact with a variety of ideas and combine them into something greater than the sum of its parts. Individually, those ideas may not be viable but combined they may turn into a competitive value proposition. Projects developed in isolation don’t have such a luxury. An idea may originate from diametrically opposed industries, with conflicting cultural dynamics, corporate bureaucracy, and political agendas. Bringing people together from completely different disciplines can result in new approaches to solving problems and help to overcome obstacles that would not have been tackled otherwise. Furthermore, a decentralized community flattens the traditional corporate structure. For example, a brick and mortar environment has several layers of hierarchy – “a chain of command” as they say in the military. Many managers would not interface with levels of management much lower than themselves due to the ego, power, or personal agenda. In a decentralized community, everyone is essentially treated equally.

A decentralized platform that incubates ideas also has the benefit of streamlining people, processes, and technology. A 10,000-meter view of ideas, business plans, and projects allow for efficiencies that is unprecedented in normal startup initiatives. Those responsible for the idea funnel can combine features from a different idea to make it a better idea. The business team can streamline their process from months to weeks. Likewise, project teams can collaborate on best practices, operational efficiencies, and market intelligence. The ecosystem strengthens as the project portfolio grows and diversifies.

The Internet may have removed international borders of communication, but for startup incubation, these barriers still exist. Those in the crypto community are still in relative isolation to the rest of the world in terms of business collaboration. Bringing people together, with a common purpose and investment interests, is a good formula for sustainability and profitability.

 

Figure #1: Success from Diversity

Diversity comes from regional, cultural, vertical, horizontal, and occupational backgrounds (Figure #1). Adel co-founder, Gabriel Dusil says: “We want a diverse community to maintain a spectrum of talent that loves to create and complete projects. The ecosystem benefits when we have hundreds of members representing a diverse talent pool. We realize that not all will actively participate. As with most forums, you have those that observe and those that participate. Our goal is to build a sizable membership pool and incentivize participation. Adel is about bringing the best practices of investment strategies and venture capital expertise to the crypto community.”

▲ Adel ▲ Opinions

If you liked this article and would like to read more in this series, then check them out here:

▲ 1 ▲ The Right Path to Funding Decentralized Organizations

▲ 2 ▲ The Next Evolution in Funding Innovation

▲ 3 ▲ A Philosophy for Blockchain Integrity

▲ 4 ▲ A Collaborative Blockchain Incubator

▲ 5 ▲ Blockchain Diversity & Passion

▲ 6 ▲ Blockchain Startup Expertise

▲ 7 ▲ Blockchain Portfolio Diversification

▲ 8 ▲ Blockchain Incubation to Employment

▲ 9 ▲ From Blockchain Innovation to Execution

▲ 10 ▲ Blockchain Will Transform Retail Lending

▲ 11 ▲ The Next Evolution in Crypto Trading

▲ 12 ▲ Crypto Trading for Everyone

▲ 13 ▲ Architecting Crypto Financial Instruments

▲ 14 ▲ Crypto, For the People, By the People

▲ 15 ▲ The Crypto Uprising

▲ 16 ▲ Blockchain’s Disruption in 2020 & Beyond

About the Authors

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.

Jessica Allen

Jessica is a blockchain enthusiast and social media community expert with over 25 years of technology and 15 years of digital marketing experience.  As a mother of two, Jess is passionate about blockchain’s potential to innovate industries, unite communities and create a sustainable global economy.  She brings the ability to create conversations with anyone, at any level, about blockchain use cases and potential.  Jess is active on social media @TheJessAllen and volunteers her time with the Isha Foundation to help share the benefits of yoga and meditation as fundamental tools for human transformation.