Blockstack – A New Decentralized Internet
Our portfolio company Blockstack is building a development platform for decentralized applications built on top of the blockchain.
This video explains what they are doing and they just published a whitepaper outlining how their token works to support this application ecosystem.
I think that most people would agree that a more secure Internet with identity that users control built-in from the start is a better approach. But how one bootstraps that kind of Internet has been a challenge. Tokens as incentive systems are likely a solution to the bootstrap problem and it is exciting to me to see how this works.