As 2019 nears its end, the blockchain industry has much to be grateful for. Many governments such as Germany, Liechtenstein, and Bermuda followed Malta’s lead and passed legislation for crypto.
News about another big enterprise adopting this technology is now a common occurrence. The biggest global banks are racing to be the first ones to implement this tech. And the acceptance of Bitcoin is now a global phenomenon.
As my attention is always fixated on the way blockchain will evolve outdated capital markets, I want to draw your attention to space.
Blockchain and space are seemingly unrelated at first glance, but stay with me and the connection will be clarified. As a senior advisor of SpaceFund, I am often asked about the application of blockchain tech and the space industry.
There are obvious solutions that this tech can provide, such as improved supply chains to ensure the integrity of parts to minimise faulty products, payment systems between in-space service providers for direct value transfers, and eventual consensus-based governance methods to allow space settlements.
However, I would like to bring your attention today to space as an asset class and explain how its establishment is necessary for the new generation’s global market place.
I have written and spoken a lot about the need for a global marketplace that connects investors with enterprises all over the world.
In today’s world, capital markets are geographically segregated and the idea of small cap companies is basically dead. And it is understandable.
The technology that we used to build exchanges as an enterprise is extremely outdated. It was built on the assumption that stocks have to be sold. There was a strong belief that nobody wants to buy stocks, they MUST be aggressively sold.
However, the 2017 ICO boom proved that assumption wrong. One of the biggest points of interest we can take from this is that global investors do have a huge appetite for deal-flow and are willing to…