Dogezer - Weapon of Mass Disruption

mjo (46)in #cryptocurrency • 7 years ago

How world changing innovations are left in the think tank

Being an entrepreneur is often tedious, expensive, and very risky. People who pursue their greatest ambitions often put it all on the line just to have a chance to bring their idea to fruition. Historically, the reason for this has always been very tall barriers, particularly in capital investments required. Some have argued that this helps filter out those who don’t have the grit and determination to see their project through. However, in some cases one with that determination simply doesn’t have the resources to even get started. In other cases, one might have an amazing idea and ability to carry it out but find it too risky given other priorities in life such as family or current employment. I’ve always felt that these talented and driven people would benefit our society if they were put in a situation where they could safely test their ideas by limiting the downside potential. The obstacles in place seemed so entrenched in the way the world works, I've always known it would take a disruptive innovation to change the current system.

The impact of disruptive innovations

Some of the most interesting business case studies have to do with disruptive innovations creating a paradigm shift. For those of you that are not familiar with this concept, a disruptive innovation represents a new technology/product/idea that fundamentally changes the way something much larger works. For example, in the auto-manufacturing industry, Henry Ford introduced the assembly line which boosted productivity in his plants. Although the assembly line was created by the meat packing industry first, Henry Ford is often known as a driving (no pun intended) force in it's adoption. Click here for the Wikipedia page for more information on the assembly line.

This created a paradigm shift, or a change in how something had to be done to remain competitive. The same concept that Henry used for production of automobiles had to be adopted by manufacturing plants all over the world for them to be able to compete. In places where this new process was not adopted, it was easy for competition to come in and take over the market. There are tons of examples of this throughout history, many of which are quite intriguing.

Dogezer, a disruptive innovation in entrepreneurship

Now that we’ve discussed the current barriers into software entrepreneurship, and discussed how historically a disruptive innovation can create a paradigm shift, let’s discuss an exciting new technology that I believe represents a new disruptive innovation. This technology is Dogezer and it provides an entrepreneur friendly platform that can be used to get a new idea off the ground without the need for massive amounts of startup capital. The way it works is by allowing you to create a project and incentivize people to assist you with your project with tokens. These tokens are representative of a stake of ownership in the company that can later be sold for fiat currencies once the project has gained traction if they wish.

This means that if you have a great idea, you can find yourself partners that also believe in your idea that will actually buy in their ownership in the company with time instead of money. They might say that they can develop a portion of your project for X tokens that represent Y percent of the company. Then, they’ll contribute their time to develop this project with you and reap the rewards with you as the project becomes a success. Compare this to a more traditional system where the idea generator has to get in bed with one or more investors who they have a responsibility to pay back with interest or who will require a substantial portion of ownership in the company for simply contributing capital and not doing anything else. Then, they have to go out and find people to create their vision which often times leads them to another middleman in the form of a software company or an employment agency to find the talent to build out your vision. By the time you get over these among other hurdles, you may find that you don’t own all that much of your company anymore, or that you have mountains of debt to crawl out of.

This system is clearly flawed, and it also doesn’t do any huge favors to the developers that do the actual work either. Think about it as a provider of development services. Would you rather work for a software company and get paid a certain amount per year while the company gets all the additional profits from projects like this, or would you rather work freelance in your spare time for a stake of ownership in a company that could be worth millions, even billions of dollars one day? Dogezer incentivizes the collaboration between idea generators and content developers by minimizing risk and maximizing rewards. They do away with middlemen whose only purpose is to create the means for these ideas to happen by allowing the people who care and contribute the most to the project to use their time and effort as the capital to enter the market.

The future of entrepreneurship

It’s easy to see the benefits of breaking these barriers from innovations, but what really excites me is the result of the projects that can happen now. How many times do you think someone has had a great idea and not even tried to make it happen knowing the barriers they would face and the risk they would have to assume? What kind of technologies and products could we have if those people were able to go forward with their ideas? Dogezer is a disruptive innovation and the paradigm shift it will create is a new, more efficient method of bringing projects to life. This will not only result in financial freedom for those who have ideas and skills to implement, but also will increase the overall quality of life for people all around the world that use technologies and products that originated because those people were able to meet and collaborate in a low risk setting.