💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

It’s time to put the dukes down and work together for blockchain’s future

Published 01/25/2021, 12:12 PM
Updated 01/26/2021, 04:00 AM
It’s time to put the dukes down and work together for blockchain’s future

Humans over the centuries found themselves quarreling with each other over everything from food to land to ideology, only to later find themselves at peace and cooperating. Later, once more, they’d return to draw arms. Great schisms between Catholicism and Eastern Orthodox Christianity later repeated with the Protestant–Catholic wars of the 17th century, until peace finally settled upon the parties centuries after they’d begun.

Fast forward 400 years, and it’s clear that technology has done nothing to curb our tribal instincts. If anything, the rise of blockchain has magnified these instincts in a destructive way. Tribalism impedes blockchain from maximizing its limitless potential, yet the “your coin vs. my coin” attitude reigns supreme, including among industry leaders. At the same time, our ability to navigate choppy waters and ride the tide of mass adoption rests on our willingness to work together despite our base tendencies for tribal behavior.

Beni Hakak is the CEO and co-founder of LiquidApps. He was formerly the director of operations at Bancor and a strategic consultant manager at Ernst & Young. Prior to that, Beni had served in an elite technology unit of the Israeli Defense Forces and graduated from Israel’s top technology institute, Technion, in industrial engineering and management. Beni discovered blockchain technology four years ago and has been creating, advising and working for companies in the space ever since.

Continue Reading on Coin Telegraph

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.