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2018 in blockchain years is the equivalent of 1994 to the 1996 boom of the Internet.
Intranets First
Similar to the evolution of the Internet that began on private Intranets, permissioned blockchains will give way to the permissionless blockchains once they successfully achieve scalability and privacy.
The Stack
The next generation of the internet will be a “stack” comprised of: (1) a decentralized transaction layer (the strongest of which I believe to be Ethereum); (2) a decentralized file storage layer (IPFS and Swarm are early leaders); (3) a decentralized messaging layer (Matrix or Whisper are strong candidates); and (4) a high throughput computing resource (Golem is an example of attempting to accomplish this).
Standards
As Jeremy Millar noted at the inception of the Enterprise Ethereum Alliance, blockchain technologies will be helped tremendously in 2018 through formal standardization processes similar to when Java evolved into Java 2 Enterprise Edition through standardization of database and web API’s to be the most widely used software language on Earth.
Consumer Facing Applications
Early use cases of consumer facing Internet applications in the 90’s were gambling, pornography, and games.
Interestingly, we’re seeing frontrunners on Ethereum in the same genres with Spankchain, Fun Fair, Virtue Poker, and Crypto Kitties consumer facing applications on Ethereum.
Intranets First
Similar to the evolution of the Internet that began on private Intranets, permissioned blockchains will give way to the permissionless blockchains once they successfully achieve scalability and privacy.
The Stack
The next generation of the internet will be a “stack” comprised of: (1) a decentralized transaction layer (the strongest of which I believe to be Ethereum); (2) a decentralized file storage layer (IPFS and Swarm are early leaders); (3) a decentralized messaging layer (Matrix or Whisper are strong candidates); and (4) a high throughput computing resource (Golem is an example of attempting to accomplish this).
Standards
As Jeremy Millar noted at the inception of the Enterprise Ethereum Alliance, blockchain technologies will be helped tremendously in 2018 through formal standardization processes similar to when Java evolved into Java 2 Enterprise Edition through standardization of database and web API’s to be the most widely used software language on Earth.
Consumer Facing Applications
Early use cases of consumer facing Internet applications in the 90’s were gambling, pornography, and games.
Interestingly, we’re seeing frontrunners on Ethereum in the same genres with Spankchain, Fun Fair, Virtue Poker, and Crypto Kitties consumer facing applications on Ethereum.
