Cryptoeconomics Perspectives from Vince Kuraitis

Vince Kuraitis is someone who always seems to be ahead of the curve when it comes to technology in healthcare. So, it makes sense that Vince would be talking regularly about blockchain, bitcoin, and cryptoeconomics. He’s even been aggregating a list of Healthcare ICOs which is the best resource I’ve found on the subject.

Vince recently shared a tweetstorm on Cryptoeconomics which I thought was worth sharing with readers:

The last tweet is the most interesting. However, the body of tweets illustrates how much more there is to blockchain and creating an ecosystem of tokens. So many healthcare “blockchain” startups are just riding the hot term without a real understanding of what’s required to really build something of lasting value. Not to mention to build an ecosystem that creates value to everyone involved in the ecosystem. That means you have to connect people and that’s hard work.

Plus, as Vince points out, there are a lot of moving parts when it comes to decentralized systems. No doubt there are a lot of feaux blockchain companies who kind of are on the blockchain, but really don’t leverage any of the benefits. These are increasingly easier to spot. However, many of them put on a really good front.

The moral of this story is that blockchain is complicated. I believe that we’ll find some really amazing use cases for blockchain. In fact, they might even be really simple use cases that create a lot of value. However, what’s not simple is cyrptoeconomics and creating an ecosystem that functions well. It’s not a simple build it and they will come scenario.

About the author

John Lynn

John Lynn

John Lynn is the Founder of the HealthcareScene.com, a network of leading Healthcare IT resources. The flagship blog, Healthcare IT Today, contains over 13,000 articles with over half of the articles written by John. These EMR and Healthcare IT related articles have been viewed over 20 million times.

John manages Healthcare IT Central, the leading career Health IT job board. He also organizes the first of its kind conference and community focused on healthcare marketing, Healthcare and IT Marketing Conference, and a healthcare IT conference, EXPO.health, focused on practical healthcare IT innovation. John is an advisor to multiple healthcare IT companies. John is highly involved in social media, and in addition to his blogs can be found on Twitter: @techguy.

   

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