PANDORA’S BLOCKS صندوق بلوك تشين
MICHAEL TERPIN, CEO OF TRANSFORM GROUP WRITES ABOUT THE FUTURE OF INVESTMENT AND ENTREPRENEURSHIP IN A DECENTRALIZED, GLOBALLY CONNECTED WORLD. Transform Group الرئيس التنفيذ لمجموعة،يكتب مايكل تربين .عن مستقبل االستثمار وريادة األعمال في عالم مترابط ال مركزي
D
ecentralization is not only about
in the past 30 years since the
the code; it can also be applied to
dawn of the Web.
communities. In an increasingly
fragmented world, facing unprecedented economic and social challenges, the innovations of decentralized autonomous organizations (DAOs), decentralized exchanges (DEX’s), and decentralized finance (DeFi) allow global collaboration of likeminded entrepreneurs to innovate across
Let’s start with the DAO, whose roots go back to Ethereum’s early days and the concept that organizations can automate governance globally with smart contracts instead of legal structures, regulations
“ The door to the future of the world economy has been opened, along with tokenization of physical and digital assets, and they cannot be un-invented ”
borders in ways never before imagined.
and courts. Malta was an early
The reasons for the blistering early success
in April 2021 the US State of
The DEX format allows global participants
of this decentralized trifecta (DAO, DEX,
Wyoming passed legislation legalizing the
to trade with anyone else on a decentralized
DeFi) are many, but they start with the
DAO as a form of LLC. The rapid ascent
platform, often employing the even more
modern hunger for freedom. Every age
of Uniswap, which is both a DEX, with a
recent development of the Automated
has had its definitions of liberty, and in
$32 billion fully diluted token market cap,
Market Maker (AMM), which has led to an
the hyperconnected world of 2021, there
as well as a DAO governed solely by its
explosion of volume and liquidity for both
is broad recognition that many aof the
token holders and subject to no visible
Uniswap, and for Ethereum-based trades,
traditional legacy systems of finance,
jurisdiction, has raised the stakes on the
and its Binance Smart Chain equivalent,
government and society are in need of the
prospective battlefield between traditional
Pancake Swap, which recently passed
same kind of radical disruption that has
global regulators and well-funded
Uniswap in both volume and total value
upended the economy through technology
technology innovators.
locked into smart contracts.
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Issue 6
pioneer in permitting DAOs, and