What is happening with Steem is part of a greater theme: the advent of crypto-based circular economies, based on a new system of work. What is that greater context in which Steem fits perfectly? What are the conditions for success? What does this new value chain look like?

1. THE GRAND VISION OF A CRYPTO-TECH ECONOMY
VISION, THEORY AND REALITY
WILLIAM MOUGAYAR
INVESTOR & AUTHOR, THE BUSINESS BLOCKCHAIN
ADVISOR TO STEEM, ETHEREUM, COIN CENTER, OPEN BAZAAR, BLOQ

2. DEFINING TECHNOLOGY ERAS
(C) William Mougayar, 2016.

3. HOW TO THINK ABOUT THE BLOCKCHAIN?
(C) William Mougayar, 2016.

4. HOW TO THINK ABOUT THE BLOCKCHAIN
1.Creating / Moving Value (Assets)
2.Storing Value (Cryptocurrency)
3.Processing Transactions and Logic
1.Record Keeping, Verifications, Proofs
2.Custody, Rights, Titles
3.Identity and Naming
1.A new development environment
2.Programming money / value
3.Dealing with ledgers instead of DB’s
1.Creating new economies
2.A work/reward system
3.Sandbox for money + business
(C) William Mougayar, 2016.

5. DIFFERENT WAYS TO IMPLEMENT THE BLOCKCHAIN
New Products
Supporting
Existing
Products
New Markets
New Business
Models
PUBLIC PRIVATE
CREATING
NEW
BUSINESS
MODELS
SUPPORTING
EXISTING
MODELS
© 2016 William Mougayar * Companies in the boxes are just an illustrative sample.

6. DISRUPTING THE WORK-VALUE EQUATION
(C) William Mougayar, 2016.

7. TYPES OF TOKENS
• Tokens that power a protocol
• Tokens that are part of an intrinsic
function or market
• Tokens that are in extension of a business

8. BLOCKCHAIN IS 90% GOVERNANCE AND
BUSINESS MODELS.
THE OTHER HALF IS TECHNICAL.
Yogi Berra

9. THE THEORY OF A CIRCULAR ECONOMY

10. COMPREHENSIVE FRAMEWORK FOR DECENTRALIZED ORGANIZATIONS

11. TOKENS ARE JUST A MEANS TO AN END. THEY ARE A
DIGITAL DERIVATIVE OF THE ACTIONS THAT USERS
UNDERTAKE, AND HAVE A DIRECT RELATIONSHIP TO
THE VALUE THEIR WORK CREATES, BOTH TO OTHER
USERS AND TO THE NETWORK ITSELF.
Key Principle

12. CRYPTO-TECH BUSINESS SUCCESS LIFECYCLE

13. DISRUPTING VENTURE CAPITAL
• Return Horizon
• Ownership Models
• Entry Phases
• Exit Method
• Business Model
• Legal Structure
• LP Mix
• Fund Currency
• Market Approach

14. THE NEXT PHASE OF THE BLOCKCHAIN WILL BE DRIVEN BY BUSINESS

15. NUMBER OF USERS
TRANSACTIONS ACTIVITY
APPLICATIONS VARIETY
ECOSYSTEM DEVELOPMENT
NEW IDEAS
BRAND VISIBILITY
We need to INCREASE:

16. THANK YOU
WILLIAM MOUGAYAR
AUTHOR, THE BUSINESS BLOCKCHAIN
WMOUGAYAR@GMAIL.COM
416-648-7010
STEEM & TWITTER: @WMOUGAYAR
(C) 2016, ALL RIGHTS RESERVED.