Kevin Chou, CEO and co-founder at blockchain ecosystem Rally, believes that blockchain expertise may lead the cost towards a digital financial syst
Kevin Chou, CEO and co-founder at blockchain ecosystem Rally, believes that blockchain expertise may lead the cost towards a digital financial system within the net 3.zero period.
Talking at Unitize on July 6, Chou, who can also be concerned with the companies Kabam, Forte and Gen G, mentioned that content material platforms ought to transfer away from the previous enterprise mannequin of net 2.zero that consists of the platforms taking a big portion of the income.
As a substitute, corporations ought to create a brand new and decentralized enterprise mannequin that favors influencers, creators, and “give away the governance to the group,” mentioned Chou.
He added, “The online 2.zero period of enterprise fashions was very a lot about how I construct a really giant platform and provides away the service at no cost however accumulate a bunch of that knowledge. […] I’m shocked, and there are a lot of nice worth providers which have been created, however we’re additionally seeing the drawbacks to that right now with the shortage of privateness, lack of management of your individual knowledge, and lack of management over the economics as a result of it’s primarily advertising-based.”
“I feel a whole lot of the brand new blockchain initiatives and net 3.zero initiatives are all about how we create one thing that can finally be decentralized. I feel the area began with the whole lot that must be decentralized from the start,” Chou concluded.
Bitcoin pioneering the idea of decentralization
Chou believes that Bitcoin (BTC) “did an incredible job of pioneering” the dialogue about decentralization by making individuals and companies conscious that decentralization is possible, including, “However we additionally see now that there’s a path established by initiatives like Compound and Maker, and a whole lot of different DeFi initiatives.”