Blockchain Opportunities

There are three broad categories, as follows:

1. Core technology. In the earliest days of a major technological trend, there are always opportunities to develop, improve, and iterate the core technology that underpins that trend.

It always starts out with individuals-- a guy like Andreessen with Netscape.

But eventually those opportunities are taken over by huge companies… and as time goes on it becomes more difficult for the little guy to compete.

That’s starting to happen with crypto: niche development opportunities that were once dominated by small teams of programmers are now attracting competition and resources from big companies (like JP Morgan).

It’s still possible to succeed in this area. But it will become increasingly difficult over the next several years.

1. Selling shovels to gold miners. These are the people and businesses who build core infrastructure and facilitate the technology’s adoption.

In the early days of the Internet, it was America Online.

This is a very compelling area in crypto right now, and there are a lot of major firms (Fidelity, Goldman Sachs) that are building infrastructure to make it easier to buy and sell cryptocurrency.

1. Application of the technology.

Think Amazon: Jeff Bezos took a new technology (the Internet) and applied it to a 5,000-year old business model (physical retail sales). He’s now the richest man in the world. And some of the most prominent names in retail are going bust.

This is, by far, the most exciting opportunity in the sector.

It’s not about speculating on some coin or ICO anymore; the real opportunity is in applying the technology to other industries.

And given the relatively low rate of adoption for the technology at the moment, this opportunity is WIDE open.
(after S Black)