Ever wonder how a “blockchain” gets started?
There are actually quite a few different ways but one of the most common as of late has been through a model called the Initial Coin Offering, or ICO. If you follow cryptocurrencies and blockchain you’ve likely stumbled across a ton of articles talking about how ICOs are the next big thing, or how they’re going to blow up when the SEC cracks down on them. Both extremes aren’t helpful, so we wanted to take a moment to cut through the hype and explain what it takes to build a blockchain application with someone a bit more reasonable.
Adrian Guttridge is the Founder and CEO of Blockchain Warehouse, a company that is working to help build successful ICOs from the ground-up. Adrian and I discuss what it takes to build an ICO, whether or not certain problems require a decentralized solution, and how to watch out for dishonest actors in this new and exciting space.
Building a blockchain solution isn't easy, but it doesn't have to be hard either. As more and more companies consider the possibility of an ICO as a decentralized start to new services, lots of business leaders are asking what it takes to build a successful blockchain platform. Additionally, investors are asking what it takes to vet an ICO and whether or not they should get involved with a project.
Don't come here looking for recommendations on what to buy and sell, but if you're interested in this movement and want to be a part of its long-term success, definitely give this episode a listen!
What you will learn in this episode:
- How blockchain companies are built and what regulatory concerns they engage with.
- How you can plug into ICOs and what you should watch out for.
- Gain a better understanding of why ICOs exploded and where they are headed now.
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