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If you don't mind, how do you make money? I assume DLT means distributed ledger technology, and the monetizeable problems this solves seem scarce to me (except
by igorkraw 4y ago
If you don't mind, how do you make money? I assume DLT means distributed ledger technology, and the monetizeable problems this solves seem scarce to me (except the grifts bothering OP)
- neals 4y agoThere's lots of ways to make money, actually. You just have to let go of the idea that you need to create value 'on chain' in some kind of fancy economic model, like DeFi, where you are on top of some pyramid. DLT to us, is about trust. Not about the technical solution. It's an endless discussion between 'it could just as well be a database', yes it could. But to get competing parties to cooperate in a meaningful and productive way, requires either contracts and lawyers or DLT (with still some contract and lawyers, but less so, and only at the start) The last one is much easier and faster to develop and innovate with. Making money to us, is about adding value to an ecosystem and extracting a small portion of that to pay the bills.
- igorkraw 4y agoRight, but that's very abstract. So what value do you manage to add? Should I assume you develop custom/bespoke Software where two slightly distrustful parties have to share write/read access and use DLT to make it easier for parties to agree?
- neals 4y agoWell yes, but you asked about possible monitization and how they seemed scarse, but there's actually lots of value in creating these kinds of systems. You even came up with one of your own now :)