The Dream of Blockchain Adoption: Why Open Standards Are Key-16.11

My career began in the ’80s while the internet was emerging as something beyond a playground for researchers and university students. It was a time of fierce competition and early open source initiatives, where each set of projects wanted to be unique and create custom solutions for common problems. Along came the web, which ushered in a level of global communication unseen in the consumer and business worlds.

The current blockchain ecosystem reminds me of those days. Each company wants to change the world with their custom solutions, but few are setting the zoom level to see the big picture. If early adopters and internet pioneers did not develop common markup languages, protocols for moving and sharing data and other foundational standards, the web (and mobile, IoT etc.) as we know it today would still be a technical novelty.

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