Don’t forget it every platform has its killer app. Something that immediately, the average consumer on that platform gets, and has such amazing value that they become an early adopter.
⏩ The killer app for the Internet was email. I remember very clearly seeing email for the first time in 1984 on Stanford’s Darpanet. There was really nothing like it. Once you have seen it you never go back. Email made the early Internet.
⏩A bit later, there was the mac. It’s killer app was Aldus Pagemaker. All of a sudden you could print out brochures without having to spend any money, with just a Mac, PageMaker and a printer.
⏩ Then came the PC — and it’s killer app was Lotus 123. That was the app (and later Excel) that made everybody rush out and buy windows machines.
⏩Ten years later, the Web came — and it’s killer app was Netscape. All of a sudden that Browser made the Web comprehensible to the average person.
⏩The next big innovation was the iPhone, and it’s killer app was in fact the app-store. You could argue that it was perfectly functional without the app-store, but that innovation, like Netscape, unlocked things for the consumer.
⏩ The latest new platform is blockchain. It’s killer app is money. I just payed somebody in ETH. Still not as easy as I would want, but so much easier than wiring money to India, or worrying about Paypal.
It’s easy to forget that the number one use case for all of blockchain is paying people. Forget Transactions per second, forget DAGs, forget saving the world. The one thing that crypto does that is fundamentally different is vastly more efficient payment.
It’s not to say that tracking real estate transactions, supply chain, medical health records etc.. won’t appear on the blockchain. They will. But they are not the things that are going to cause adoption. It will be things around payment.
And so, with WorkCoin, our number one goal is to make the system an easy way to PAY freelancers.
That means:
- make the identity of the freelancer completely transparent
- eliminate all fees.
- make sure escrow and arbitration are present to settle disputes.
I know that many in the space are focused entirely on platforms, but I would rather focus on something that could really impact the average consumer, that is the opportunity.