Blockchain — MVP to MVE
Over the period of time, I have witnessed a common practice by Blockchain leaders of approaching Blockchain projects as starting up a traditional business/startup.
But there is more to it, I always suggest people involved with Blockchain projects, to approach it from the perspective of starting up a new country.
The country comprises of a set of rules (governance) and monetary policies (token economics) to facilitate/attract/retain citizens (network effects) and drive the user behavior.
Discarding tokens from the ecosystem, is equivalent to squeezing out blood from the body. It won’t sustain. Tokens are the blood for Blockchain system. They require volume (network effects) and velocity (usability) to ensure well functioning of the ecosystem.
At some point, all individual silos/ecosystems (countries) would have to talk to each other (interoperability) in order to exchange of goods and services (data). This is where new business models could be enabled.
A well-defined governance and token engineering are two critical elements that can take a Blockchain — Minimum Viable Product — to — Minimum Viable Ecosystem.
