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:
"Token Ecosystem Creation"
A new thought leadership report from some of the most advanced investors & analysts in cryptoeconomics — @OVioHQ https://t.co/mvfJShOyUv cc: @jranck
— Vince Kuraitis (@VinceKuraitis) October 25, 2018
2/ Why building crypteconomic token models is so hard. Skills needed include:
— User/Market Research
— Strategic Planning
— Mechanism Design & Game Theory
— Market Design
— Behavioral Economics
— Capital Markets
— Operations Research
— Financial Engineering
…— Vince Kuraitis (@VinceKuraitis) October 25, 2018
3/
— Advanced Mathematics
— Blockchain/DLT Architecture
— Systems Engineering
— Network Science
— Machine Learning & Data Science
— Lean Startup and Agile Software Development
— Design Thinking
— Complex Systems— Vince Kuraitis (@VinceKuraitis) October 25, 2018
4/
"It is becoming increasingly clear that decentralization is not a constant state, but rather a pathway which requires pragmatism and agility." (p94)We need to reconceptualize decentralization as the end point of a structured process, NOT something once created and done with
— Vince Kuraitis (@VinceKuraitis) October 25, 2018
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.
