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.

Adel ▲ Opinion ▲ 3 ▲ A Philosophy for Blockchain Integrity

▲ Incubator Series

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

A Philosophy for Blockchain Integrity

Given Bitcoin’s meteoric rise, some claim that its underlying technology, blockchain, is ushering in an Internet 2.0. Don Tapscott[1], bestselling author and winner of the 2017 Digital Pioneer Award, remarked, “The first generation brought us the internet of information. The second generation, powered by blockchain, is bringing us the internet of value, a new, distributed platform that can help us reshape the world of business and transform the old order of human affairs for the better.”

Even with blockchain’s potential to improve society, not everyone has its best interest in mind. With many deregulated technologies, including the internet, both the corrupt and complaint manage to find a way to profit within the same sandbox. It is for this reason that regulators have needed to play catch-up to blockchain initiatives and cryptocurrencies[2]. The intention is to close gaping holes where criminals are passing with impunity. Once laws are in full force, blockchain service providers will need to seriously consider compliance tactics. This may alienate blockchain liberalists who stubbornly oppose centralized control. But alignment to legislation will also attract mainstream investors who want the confidence and assurance that their investments will be kept safe.

Blockchain’s first application, Bitcoin, was occasionally tainted by nefarious actors who harmed its reputation. Unfortunately, the media perceived Bitcoin as harmful to communities. Now that the blockchain technology has been researched by many financial institutions, there is a common interest to redefine the blockchain brand in a positive light. Integrity in the development, release, and use of new blockchain-based software is of the utmost importance. And both the media and the public should be educated on its benefits.

To create integrity, there are three regulatory considerations for cryptocurrency services in 2017:

  1. Know Your Customer (KYC)
  2. Anti-Money Laundering (AML)
  3. Counter-Terrorism Financing (CTF)

Blockchain projects till now had not been subject to such strict requirements. Nor did governments have the regulations in place to enforce these policies. As a result, projects were shut down and investors left empty handed[3] , the most notable being BitInstant[4] and Mt. Gox[5], both of whom contributed to tarnishing the blockchain brand.


Figure #1: Adel Ecosystem Limited’s Commitment to AML4 compliance

Crypto investors are quickly learning acronyms like KYC, AML, and CTF. 2017 is the year of significant regulatory change. This is namely due to Directive (EU) 2015/849, informally known as the 4th Anti-Money Laundering directive (Figure #1), or AML4[6] which will be implemented on June 26, 2017[7]. To meet compliance requirements, crypto services must follow detailed auditing and compliance procedures, or risk closure due to regulatory violations.

Adel co-founder Gabriel Dusil says: “Our responsibility is to protect the blockchain brand. We think this is just as important as protecting our own. The foundation from which we built Adel is regulatory compliance and the desire to incubate long-term sustainable businesses. This legitimacy opens our doors to mainstream investors. It’s not just about legitimizing the crypto community as an investment vehicle. It’s about creating innovative projects that will change the world. This alone has the potential to solidify the integrity of the blockchain brand.”

▲ 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://dontapscott.com/

[2] http://www.bvdinfo.com/en-gb/blog/compliance-and-due-diligence/what-you-need-to-know-about-aml4, http://www.telegraph.co.uk/business/2017/04/16/regulating-bitcoin-new-frameworks-could-catalyst-cryptocurrencies/ https://coinlexit.wordpress.com/2016/07/06/bitcoin-aml-proposal-of-the-european-commission/

[3] http://www.coindesk.com/70-bitcoin-scams-shut-new-york-law-enforcement/

[4] http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1?international=true&r=US&IR=T

[5] https://en.wikipedia.org/wiki/Mt._Gox

[6] https://www.bvdinfo.com/en-gb/blog/compliance-and-due-diligence/what-you-need-to-know-about-aml4

[7] http://www.bvdinfo.com/en-gb/blog/compliance-and-due-diligence/what-you-need-to-know-about-aml4

Adel ▲ Opinion ▲ 8 ▲ Blockchain Incubation to Employment

▲ Incubator Series

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

Blockchain Incubation to Employment

Building a strong ecosystem for startup incubation starts with a foundation of integrity, diversity, and collaboration. A philosophy of integrity satisfies the authorities while attracting mainstream players with the capital to bootstrap project development. A collaborative environment is formed to attract talented individuals who are motivated to work together and create viable products. This framework retains talent and rewards their expertise.

The computing age and the internet have enabled new technologies thanks to the passion and commitment of volunteers. Linux has been a big success in the open-source arena with a 66% market share in web-based servers and 99.79% in supercomputers[1]. The SourceForge[2] repository showcases over 430,000 open source projects. Decentralized development has fuelled many of these projects, including blockchain technology.

Decentralized code development provides a framework for fast and efficient project execution. Traditional approaches to project management and leadership still need to be maintained. Hard-working developers have the motivation to succeed, while at the same time enjoy flexibility in their schedule and workspace. When an ecosystem has a whole community that works together, each participant has a devoted motivation for their project to grow from infancy to maturity and ideally sustainability.

Blockchain incubator, Adel Ecosystem, Ltd. is revolutionizing the blockchain incubation process by offering employment opportunities to community members. By having members participate in idea development through to project execution, each participant has a vested interest in ensuring success. They have a personal and financial interest in that growth. The unsung benefit becomes the vast employment opportunities for members across multiple projects. In addition, knowledge and lessons learned on one project can then be utilized in future initiatives. Systematic business planning creates its own efficiencies.

A collaborative environment for blockchain incubation offers its members a central platform from which to incubate ideas. Funding options need the flexibility to accommodate both a wider consensus and a narrow one. There needs to be a pool of experts who know how to build businesses, mitigate weaknesses, and maximize revenue potential. Furthermore, the open nature of blockchain requires transparency in various activities of the community, such as voting, key performance metrics (KPIs) of projects, and collaboration.


Figure #1: Passion + Expertise + Capital = Success

Adel co-founder, Gabriel Dusil comments, “We think that employment is a unique benefit of our ecosystem. The members have a vested interest in wanting their projects to be successful. It’s their baby. They invested their hearts, minds and money into the initiative. We feel this is the magic formula behind what we are creating.”

▲ 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://en.wikipedia.org/wiki/Usage_share_of_operating_systems

[2] https://en.wikipedia.org/wiki/SourceForge

Adel ▲ Opinion ▲ 7 ▲ Blockchain Portfolio Diversification

▲ Incubator Series

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

Blockchain Portfolio Diversification

For a blockchain ecosystem to thrive, it must create a sustainable platform to develop, market and deploy projects across a variety of industries. Investment portfolios have their ups and downs. All industries experience the same cycle, and not all projects will enjoy the same level of success. It benefits an organization to incubate a diverse set of revenue-generating projects. This strategy is adopted from tried and true fund management. Sustainability is when there is a positive return on the collective portfolio.

Success is also maximized when participants of the business plan, as well as their project execution, are diversified inexperience. Each contributor provides unique expertise during business planning and project execution. Expertise conflict is replaced with collaboration because there is no shortage of experience needed to create a diverse and profitable portfolio. Steady returns are better managed when there is a variety of industries with revenue-generating assets and products.

In the early days of blockchain, development teams focused on one product. When key members left that project, the entire initiative was in jeopardy. In a volunteer-based “future benefit” culture, loyalty is not on salary, it’s in ideology. In the fast-growing world of blockchain, loyalty can now be remunerated with money. This leaves single-focused projects vulnerable to the same HR challenges of churn and shortage of qualified mission-aligned talent. When a blockchain ecosystem intentionally creates a diversified portfolio, it mitigates and manages around market cycles and HR challenges.

Blockchain incubator, Adel Ecosystems, Ltd., is banking on the power of a diversified portfolio (Figure #1). They intend to create an environment which leverages business resources across a diversity of projects while building a structure to attract and retain top talent by offering participation and ownership in a variety of projects. This offers a unique advantage of keeping a qualified team busy in an environment with an assortment of talent and a mixture of backgrounds.


Figure #1: Blockchain Projects Portfolio Diversification

As blockchain expands into different verticals, the potential impact and productivity savings are significant. Before a project can be successful, a solid business plan is needed to construct its foundations. Even before the business planning stage, ideas need to be discussed, debated, and refined. These efforts are ineffective in isolation and resource-heavy for projects developed in silos.

A blockchain ecosystem with a diverse portfolio improves its productivity throughout the roller coaster of project life cycles. Knowledge and experience carries forward to each new project and creates an opportunity to repurpose new ideas by contributing to already launched projects, improves the overall portfolio Return on Investment (ROI), and increases the number of technology use cases for faster feedback and improvement. For example, if a team creates the world’s greatest login protocol, it’s used only for that one purpose. In a collaborative diversified ecosystem, that protocol can be integrated into every project, providing a compounding ROI over time. Cross-selling and upselling projects throughout the community need to be part of the core strategy, or competitors will realize its potential and do the same.

The co-founders of Adel recognized the need for a blockchain incubator to bring collaboration to a very disparate blockchain community. Adel has set out to create a strong platform that fuels a diverse set of ideas, retains talent and attracts venture capitalists interested in cutting-edge technology.

Adel has created a unique platform to attract and retain those with the expertise to create business plans and turn them into viable projects. Processes in Adel’s ecosystem have been established to submit ideas for review and community discussion. A voting and collaboration module will help refine ideas and develop business plans. Their community portal will also have a project module to showcase bi-weekly updates, including Key Performance Indicators (KPIs). The basis of this ecosystem creates synergy between people, process and technology. The liquidity of the Adelphoi coin on external exchanges also enables new members to join the community and bring new perspectives and insights.

Adel co-founder, Gabriel Dusil says: “There is an exploding interest in blockchain technology. Thousands of proof-of-concepts span multiple industries. Blockchain is being tested in government, fin-tech, healthcare, Internet of things, and ICT (Information Communication Technology. The next few years will determine where blockchain is most practical. We want Adel to be viewed as the go-to brand that accelerates ideas into successful projects.”

▲ 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.

Adel ▲ Opinion ▲ 6 ▲ Blockchain Startup Expertise

▲ Incubator Series

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

Blockchain Startup Expertise

With most new technologies, it’s rare that mainstream investors dive in and take risks with the unfamiliar and untested. Organized crime, on the other hand, will invest in cutting-edge technologies to drive their initiatives, just like any legitimate business. Criminals use the internet, mobile phones[1], encryption technology, instant messaging, and social media. But none of these technologies have sustained a bad reputation like Bitcoin.

From its launch in 2009, bad press has littered headlines involving Bitcoin, partially due to the Silk Road marketplace[2], the Darknet[3], and other platforms that maintain their anonymity, finance terrorism, traffic drugs and allow them to launder money. During this period, investment capital in blockchain was a mere 93 Million US$ in blockchain investments[4] according to CB Insights[5].

From 2014 to early 2016, VC funding increased tenfold to over 993 million US$. A report by FinTech Global[6] shows 2016 alone closing with half a billion US$ in funding. Within this figure, non-finance related blockchain projects increased by 325% compared to 2015, confirming that blockchain is more than just a FinTech phenomenon. Despite healthy growth, Bitcoin continues to have a negative reputation to some. What is needed to grow venture capital funding to $5 billion, $50 billion and beyond? One approach led by the blockchain incubator, Adel Ecosystem, Ltd.[7], has been to establish standard business practices to attract mainstream investors and business experts. Their vision is to develop projects with a commitment to a philosophy of integrity and regulatory compliance.

Despite the bad press, Bitcoin has established a niche success. Creating this market presence was inspired by a vision of a stateless and decentralized currency. Similar to how Skype disrupted international calling revenue and Facebook and Twitter uprooted journalism the notion of decentralizing money hadn’t been considered until Satoshi Nakamoto’s white paper in 2008. Until this point money was considered authoritarian, not to be challenged. Bitcoin continues to be a contentious issue for governments and banks. But those same institutions recognize the value of blockchain as a technology.

However, blockchain is far from mainstream success. Its relative newness, combined with scams, hacks, anonymity, and legalities, prevent blockchain and cryptocurrencies from becoming a “household” technology. Angel and VC funding communities currently view blockchain as too complex and volatile to be considered a viable investment vehicle.

To pull blockchain out of the Darknet stigma, an era of integrity is required. According to Market and Markets[8], blockchain technology will be worth 2.3 billion US$ by 2021 and is expected to grow at a Compounded Annual Growth Rate (CAGR) of 61.5 percent. It is the collective responsibility of Adel to change the perception of blockchain and cryptocurrency and to legitimize this technology by creating ethical, moral, and legal platforms. Ethics and compliance will fuel a wave of mainstream investors entering the crypto industry and establish confidence with serious investors. Besides regulatory oversight, this responsibility lies in equal measure with blockchain service providers. Sustainable and profitable services, in the long term, establish confidence with the mainstream investment community.

Figure #1: Idea to Business Plan to Projects – Life Cycle

 

Co-founder and board member, Gabriel Dusil added, “At Adel, we set out to create a powerful blockchain ecosystem with a spirit of integrity. Our aim is to have passionate and talented members who have a collective goal to be successful. Our approach to achieving this goal is through a platform that incentivizes the contribution of ideas, converts those ideas into business plans, and launches profitable projects.”

▲ 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://en.wikipedia.org/wiki/Organized_crime#Pre-nineteenth_century

[2] https://en.wikipedia.org/wiki/Silk_Road_(marketplace

[3] https://en.wikipedia.org/wiki/Darknet

[4] https://www.cbinsights.com/research-blockchain-transcript

[5] https://www.cbinsights.com/

[6] http://fintech.global/blockchain-cryptocurrency-startups-hit-record-funding-in-2016

[7] www.adelphoi.io

[8] http://www.marketsandmarkets.com/Market-Reports/blockchain-technology-market-90100890.html

Adel ▲ Opinion ▲ 2 ▲ The Next Evolution in Funding Innovation

The Next Evolution
in Funding Innovation

▲ Fintech Series

By:          Dalibor Cerny, Finance Lawyer, Crypto Enthusiast
Gabriel Dusil, Co-founder & Board Member, Adel

Abstract

This article is the second part of a Financial Technology series[1], discussing funding and organizational structures of new digital companies and blockchain[2] ventures. This is the second article following, “The Right Path to Funding Decentralized Organizations”, where we explored the dynamics of financing startups and new entrepreneurship.

An Ecosystem of Participation

Initial coin offerings (ICOs)[3] are a very popular way for ventures to raise funds for their endeavors. Digital companies are developing novel ways of governance as existing models become dated and need to be modernized. A new enterprise called Adel[4] is a refreshing example of how blockchain is being combined with traditional venture capital seed funding while exposing the challenges and controversial topics in the FinTech evolution.

In this new decentralized community model, Adel created an environment whereby experts, investors, and future employees can co-exist based on their participation in its ecosystem. This is instigated by a less regulated and very user-friendly ICO. Several ICOs have used existing cryptocurrency protocols to create cryptocurrency tokens. The most notable are blockchains such as Nxt,[5] Counterparty, Bitshares, or Mastercoin (now Omnicoin). One advantage of an ICO, compared to traditional Initial public offerings (IPO), is that it is done outside of heavy regulation and oversight.[6] Compared to modern funding models such as crowdfunding, ICOs are executed without an intermediary. A growing number of digital technology startups are raising cash this way, by creating and selling their own cryptocurrency tokens and bypassing the need for banks or venture capital firms.[7]

ICOs represent a new way of funding because people can invest their money very flexibly from all corners of the world. Participants of the ICO are investing in the future of the company and in the anticipated success of the solutions, they are developing. Contributors to the ICO help to raise awareness in their respective communities. The investors are also motivated by the speculative growth of the cryptocurrency token market price as early buyers. They also provide early liquidity for the cryptocurrency tokens when trading starts. Once funding is completed, the cryptocurrency tokens are listed on cryptocurrency exchanges such as Poloniex[8] to trade against other cryptocurrencies. This allows the participants to immediately trade their tokens based on the speculative movement of the token’s market value. In some cases, this can result in lucrative short-term gains. The token’s price is a reflection of the ICO’s overall vision, market sentiment, project news, and momentum regarding the ideas of project flow, innovation, and future revenue potential. Some well-known cryptocurrency tokens that were developed through an ICO are NXT, Mastercoin, Bitshares, Ethereum, Maidsafecoin, NEM, Synereo, Factom, DigixDAO, Lisk, Waves and others.[9] What can be a potential disadvantage of ICOs is that most of them are not regulated or registered with any government organization and there is usually no investor protection (other than those built into the given platform itself). Also, cryptocurrency tokens have no legal meaning and do not represent an asset in many government jurisdictions. This is why ICOs can be currently deployed since digital currencies are not considered securities.[10]

Adel understands that their funding model needs to have a regulatory safety net, similar to traditional financing. They are the first decentralized organization launching an ICO that will be compliant with Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF) rules[11] and related Know Your Customer (KYC).[12] This is a logical move because cryptocurrency exchanges using bitcoin are becoming subject to AML/CTF/KYC rules and some have voluntarily implemented similar procedures. Adel’s compliance with KYC will likely omit a segment of the market of bitcoin liberalists who will not give up their identity. On the other hand, that may not be such an issue because the threat of not having AML/CTF/KYC today is having the fund shut down by regulators due to non-compliance.

A New Type of Company

Adel’s organizational structure consists of two major parts. First of all, is membership. Stakeholders of ADL are invited to join the Adel community after the ICO, following a minimum investment of 1 bitcoin (BTC). Membership allows the participant to exercise their right to collaborate and vote on projects based on the amount of Adelphoi coins they hold in their account. Second is an established service company called Adel Ecosystem Ltd.,[13] which oversees the rules of the community and AML/CTF rules to meet regulatory requirements. Adel Ecosystem’s advisory and expertise umbrellas offer services such as research and development, a project review committee, marketing services, a legal and accounting team, a business development team, and a board of directors.[14] Adel will retain a 15 % stake from the ICO for these services and will also own 30 % of the projects launched in the ecosystem.

From an organizational perspective, Adel combines the best of both worlds:  regulatory, legal and ethical compliance, together with an innovative governance structure. Unlike The DAO or similar models (as explained in our previous article of this series), Adel is not governed by smart contracts.[15] Day-to-day decision making maintains a “human element”, rather than computer code. Given the fact that smart contracts are still a concept yet to be proven resilient in the real world, this is definitely a safer solution for the time being.[16]

The role of stakeholders in the Adel ecosystem will consist of collaborating on idea development, participation in business planning, and voting on new projects that emerge from the ecosystem. Through democratic voting, stakeholders will be able to influence which projects will be deployed. Because Adel will be community-driven, stakeholders will have the opportunity to raise the necessary capital for projects. Once deployed, the stakeholder can then follow the project’s progress, or even get the opportunity to participate actively as an expert.

Compare Adel’s decentralized and self-sustaining community to the role of employees in a traditional corporation. The negative aspects of corporate life are significantly attenuated. Would discrimination exist on the same scale it does today if organizations were decentralized? Would people be treated unfairly? Would you spend time working on something that didn’t interest you, or continue to sit in an office just to prove you were at work? Would the notion of climbing the corporate ladder be as important? Would projects continue to be disrupted or derailed due to personal agendas and insecurities?

Adel’s project decisions reside at the membership level. Every project is submitted to a community vote. This process revolves around a social networking engine where good ideas can become a community project if a majority rules in its favor. But even if this is not the case, then the project can survive with a minority vote. In such a case, it becomes a group project. This process is democratic, transparent, and flexible enough to function properly. A necessary prerequisite is a complete access to all information relevant to projects. This level of transparency is not provided to shareholders in traditional corporations. Disclosure of information in these companies is purposefully challenging. For example, sensitive information probably requires a formal written request or is limited to shareholders on a need-to-know basis.

Shareholders of traditional securities are granted shares in exchange for money paid to the corporation for holding that equity. They may meet annually at the corporation’s annual meeting and receive quarterly statements on their performance. In Adel, project performance is reflected in an online “Project Dashboard” which shows the performance of investments on a weekly or bi-weekly basis. Members of the Adel community not only get a stake in projects through a future token called the Adelshare (ADS), but will also participate in the creation and execution of projects. So Adel members have an emotionally vested interest in its success because they’ve participated in the project’s growth from infancy to adulthood.

Traditional companies are mostly based on a structure where the board of directors oversees the officers of the company and ensures operations follow corporate mandates and legal procedures. Directors have, among other duties, a fiduciary duty to act in the corporation’s best interest, as opposed to their own. These duties are in place to protect the shareholders’ investments. Adel’s board of directors has documented a similar function.

Distributions of profits (dividends) in traditional companies are usually made through proportional amounts per shareholder. The proposal to distribute profits is made by the corporation’s board of directors. The board can decide to either distribute the profits to shareholders or to keep profits in the corporation as working capital or to fund a new endeavor. Adel will distribute its profits in a similar manner. This is contingent on establishing Adel’s second entity after its ICO called Adel Ltd., which will have a fund license to enable its members to buy Adelshares (ADS) in projects. Dividends to members will then be distributed in the Adelphoi (ADL) currency.

The protection of intellectual property within the Adel ecosystem is not the same as in a traditional company, mainly due to its transparency. Social media and the internet has largely done away with the notion of secrecy anyway, as evidenced by WikiLeaks, government monitoring, and Facebook’s and Google’s ongoing correlation of user behavior. Adel realizes the difficulty of balancing transparency with confidentiality and has stated their interest in withholding secret information that may be critical to a project’s success. This is mainly positioned to protect both stakeholders in the community and the rights of the projects’ authors (referred to as Innovators, in the Adel ecosystem).

Projects in Adel’s community will assume different forms, based on whether the Innovator of ideas wants to keep a portion of the equity or to release it as a community project. This approach is meant to ensure that innovative projects continue to be launched while minimizing the risk of copycats.

The Future

Whatever becomes of Adel’s final structure, it is important to emphasize that the world of cryptocurrencies and ICOs is still a Wild West when viewed from the perspective of traditional financial vehicles. It is strongly advised before taking part in any investment of such nature to do your due diligence on a given ICO and on the people running it.[17] There are risks involved and the possibilities of being scammed are well documented.[18]

There are also grey areas where regulators still need to catch up. Blockchain startups need to have a proper legal structure for an investor to fall back on in the case of trouble. However, the same reasons why this space is so risky also make it so attractive. Innovative projects are being created using untested structures and technologies, which may either evolve into something marvelous or won’t make it out of the starting gate. The choice is up to the investor whether to be a part of the blockchain movement, but informed decisions should always be made. Participants are given an opportunity to enter a playground of high innovation, clever minds, and the creation of cutting-edge projects that may positively change the world. To say you were a part of it from the beginning has its own prestige.

▲ 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

Dalibor Cerny

Dalibor is an (alternative) finance lawyer, crypto enthusiast, and Vipassana meditation practitioner. He has roots in Prague, Czech Republic, where he obtained his PhD. in Private International Law and International Trade Law. He also studied Master of Law (LL.M) in San Francisco, California, and International exchange program at Bucerius Law School in Hamburg, Germany. In his professional life, Dalibor is focusing on banking, finance (including alternative finance, crowdfunding, cryptocurrencies and fin-tech), capital markets, insurance, reinsurance, and international trade law. He worked as an attorney and in-house legal counsel for global financial institutions such as AXA and European Investment Bank.

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

[1] This article targets a broad audience without getting too deep into technical, economical or legal jargon. The reason for this approach is to explain the latest activities in fintech in the most accessible way possible, without getting lost in all the technicalities. The authors assume that the general public struggles to keep pace with technical, legal and social media developments and that it is challenging for individuals to orient themselves in the jungle of media overload, fake news, scams and annoying trolls.

[2] A very basic visual introduction to the concepts behind a blockchain: https://www.youtube.com/watch?v=_160oMzblY8&t=143s

[3] http://www.investopedia.com/terms/i/initial-coin-offering-ico.asp

[4] https://www.adelphoi.io/

[5] Adel’s cryptocurrency tokens will be created on top of the NXT protocol.

[6] More detailed example here: https://www.thebalance.com/cryptocurrencies-are-changing-capital-raising-process-for-new-companies-4115445

[7] What Initial Coin Offerings are and why VC firms care: https://hbr.org/2017/03/what-initial-coin-offerings-are-and-why-vc-firms-care

[8] https://poloniex.com/

[9] You can find all existing cryptocurrency tokens and their market valuation here: https://coinmarketcap.com/

[10] However, this view may change fairly quickly: https://www.americanbanker.com/news/are-crypto-tokens-securities-by-another-name

[11] http://www.investopedia.com/terms/a/aml.asp

[12] https://bitcointalk.org/index.php?topic=454795.0

[13] Adel establishes LLC in the Isle of Man: http://www.fintech.finance/01-news/adel-establishes-llc-in-the-isle-of-man/

[14] For more detail: https://www.adelphoi.io/content/pdf/wp_3.pdf

[15] A beginner’s guide to smart contracts: https://blockgeeks.com/guides/smart-contracts/

[16] Smart contracts are not smart by nature: https://www.finextra.com/blogposting/12569/smart-contracts-are-not-smart-by-nature

[17] These resources can help with your due diligence: http://startupmanagement.org/2017/03/13/the-ultimate-list-of-ico-resources-18-websites-that-track-initial-cryptocurrency-offerings/

[18] How not to be scammed by an initial coin offering: https://blockgeeks.com/how-not-to-be-scammed-by-a-initial-coin-offering/