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Tuesday, October 26, 2021
Home News VC Guru Fred Wilson Hints The Blockchain Could Create the Next Google

VC Guru Fred Wilson Hints The Blockchain Could Create the Next Google

Union Square Ventures head Fred Wilson has written a post on his blog about “winner take most” markets, such as Google, Amazon, Facebook, and Uber. And it deliciously hints that Blockchain could provide the next winner. 

Wilson, an early investor in Twitter, Tumblr and other unicorns, believes the blockchain may be that elusive thing that can finally break the “winner takes most” trend in technology.

“Lately, we’ve been wondering if there is an end to this pattern on the Internet and mobile. We think it is possible that an open data platform, in which users ultimately control their data and the networks they choose to participate in, could be the thing that undoes this pattern of winner takes most.”

“The blockchain is the closest thing to emerge that looks something like that. But the blockchain hasn’t (yet?) shown that it can produce something important like Google’s search or Facebook’s social graph and until it does, we are just waiting.”

Wilson states that the reasons behind a successful venture are:

  1. The network effects.
  2. Users and data; The more that a service has, the more value it could create for its customers and users.

“We think it is possible that an open data platform, in which users ultimately control their data and the networks they choose to participate in, could be the thing that undoes this pattern of winner takes most.”

But this is not the first time he has talked big about blockchain perhaps being the next big thing.

Speaking at TechCrunch Disrupt on 5th May, 2014 he also said:

“Right now you need someone to be the arbiter of identity – either Facebook, Twitter or Google – somebody who developers can use for login and other information sharing. I think you could do the same thing with a blockchain architecture, where there is no third party, there is no clearinghouse of identity information.”

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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