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" Let's hope the Canadian public sector starts putting the blockchain on their agenda so we can see a significant difference in how government services are delivered. "
William Mougayar
Hope
Blockchain
Government
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" Few incumbents will succeed in deploying blockchain applications to enable new business models. The innovator's dilemma will prevail. Even if they aspire to, they must first get their feet wet within their business boundaries. "
William Mougayar
Feet
Blockchain
Business
" Most blockchain platforms don't share that much in common, resulting in choice lock-ins, lack of interoperability, and potentially dead-ends that are hard to untangle. "
William Mougayar
Hard
Common
Blockchain
" In order to grow-up, blockchains will eventually need a lot of standards that are vendor- and solutions-agnostic. So many areas are ripe for standards developments: smart contracts, tokens, security, storage, messaging, identities, naming, record-keeping, and more. "
William Mougayar
Need
Standards
Will
" In the blockchain world, each user can and should own their data, and 'central' players are less vulnerable to data losses and breaches. "
William Mougayar
World
Own
Blockchain
" A new DAO is like a startup. It requires a product/market fit, business model realization, and a lot of users/customers. "
William Mougayar
Realization
New
Model
" China wants control, and China will get control. That's their default modus operandi. Crypto-Tech is no different than the Internet and Web businesses. "
William Mougayar
Internet
Web
Will
" If you think about the web, the web has been an incredible development platform, and everything today is developed on the web. In the future, everything is going to be developed with the blockchain in mind. "
William Mougayar
Web
You
Future
" In my opinion, one of the most exciting potentials of the blockchain relate to creating new business models, whether in public or in private settings. In most of these cases, the new models don't care for incumbents because they are mostly on a disruption quest. "
William Mougayar
Opinion
Business
Creating
" Owning a token bestows a right that results in product usage, a governance action, a given contribution, voting, or plain access to the product or market. "
William Mougayar
Contribution
Action
Voting
" A blockchain-based startup could have a product/service as part of what they are developing, but their stride is best hit when they are also creating a self-sustaining circular economy that is supported by their own currency or tokens and where there is a transactional loop between earning and spending these tokens within their ecosystem. "
William Mougayar
Economy
Currency
Creating
" The blockchain is an asset normalization platform that can enable a new liquidity in transactions, hence creating large networks of usage and value effects with benefits in speed, cost, quality, or outcomes. "
William Mougayar
Speed
New
Quality
" Big companies do not want to disrupt themselves. All they want to do is improve themselves. They see the blockchain as another IT project. It's going to save money; it's going improve a process here and there. It's not going to change their business. "
William Mougayar
Want
Money
Change
" Blockchain infiltration will be met with resistance because it is an extreme change. "
William Mougayar
Blockchain
Change
Resistance
" Conceivably, blockchains could rely on a number of standards above the Internet's existing standards to allow a smooth bridging from one layer to another. That would be a breakthrough. "
William Mougayar
Internet
Standards
Breakthrough
" An aftermath of real failures can make the whole blockchain ecosystem more resilient because it will result in revealing the boundaries and realities of what's possible, useful, absurd, impossible, repeatable, and scalable out of everything that appears plausible and innovative at the beginning. "
William Mougayar
Impossible
Possible
Result
" Tokens should not be listed before the start of the operations on the network, platform, or application. This is where many ICO's seem to have lost their ways, and that's risky. "
William Mougayar
Lost
Where
Start
" Ideally, it is important to communicate exactly when large amounts of tokens become unlocked and therefore available in public exchanges. It is a good practice to continuously update these exchanges with the right amount of tokens in circulation. "
William Mougayar
Practice
Become
Good
" If you haven't used Bitcoin first-hand, you may not get the inherent advantage of a quicker appreciation and understanding of its potential. Seeing assets move swiftly without intermediaries is an eye opening experience, and that is just a starting point. "
William Mougayar
Eye
Potential
Appreciation
" Until there are tangible metrics for quantifying the real value of a token's utility, the gap between value and valuation will continue to defy conventional wisdom and conventional valuation methods. "
William Mougayar
Value
Continue
Gap
" With the influx of available cryptocapital that has become widely accessible, it's going to be interesting to watch what happens next, because companies now have the luxury of raising enough money to build simultaneously a product, a company, and an ecosystem. "
William Mougayar
Enough
Luxury
Money
" The blockchain start-ups that have done ICOs are just at the beginning of something. Ask me how they are doing in a year or two years from now. I know for a fact it won't be any different from the statistics of all start-ups: 80% of them will not make it. "
William Mougayar
Statistics
Know
Beginning
" The world is preoccupied with dissecting, analyzing and prognosticating on the blockchain's future; technologists, entrepreneurs, and enterprises are wondering if it is to be considered vitamin or poison. "
William Mougayar
Future
World
Poison
" If blockchain technologies ignore the eventuality of standards, we are going to see less adoption. Maybe we should think of the blockchain as a public-good utility and encourage an evolution that is not unlike the Internet's in terms of openness and neutrality of access. "
William Mougayar
See
Ignore
Evolution
" The blockchain is custom-made for decentralizing trust and exchanging assets without central intermediaries. With the decentralization of trust, we will be able to exchange anything we own and challenge existing trusted authorities and custodians that typically held the keys to accessing our assets or verifying their authenticity. "
William Mougayar
Trust
Challenge
Blockchain
" How do we create new value? You create value by running services on the blockchain. "
William Mougayar
Blockchain
Create
How
" What Bitcoin started is metamorphosing into something bigger: a 'crypto-tech'-driven economy with its own value creation, not unlike the Web's own economy. Welcome to the cryptoconomy. "
William Mougayar
Own
Value
Welcome
" The blockchain applications market is unravelling along a segmentation of activity that is spread along two sets of variables: private vs. public blockchains, and new vs. existing business models. "
William Mougayar
Two
Activity
Blockchain
" When (not if) regulators start looking at ICO deals they might want to investigate, they will likely start with the ones that exhibit weaknesses. "
William Mougayar
Might
Deals
Will
" My advice to many ICOs is to start reading about startups and focus on the product, customer, and market as soon as the sale is over. And don't get distracted by post-ICO euphoria and the price of ETH or BTC. "
William Mougayar
Advice
Customer
Focus
" As much as one would like to think that what China does doesn't matter, the reality is that when China sneezes at crypto, the rest of the world catches the cold. "
William Mougayar
Reality
Matter
Rest