Here are some of the reasons I feel the terms - Web 3, Blockchain and Decentralization are here to stay and going to dominate our conversations as we move forward.
Table of contents
Open Table of contents
Organization or Enterprise
When someone takes any major undertaking, it always starts as a trickle and slowly gathers steam. When this happens, there are a few forces that play a vital road in enabling the transformation.
Watering & Sunshine
Each of us invest. What do we invest in? Real Estate, Shares, Commodities such as gold, silver etc., and the value of everything we invest in always fluctuates.
Joining Hands
People come together to make the things happen on ground. Today, they are brought together in the form of Stock Options, RSUs etc., Except for a few lucky endevours, in most startups the early employees have to put up for a long haul before they could lay their hands on the fruits of their hardwork.
This is due to the lack of liquidity for private stock.
Spreading the Message
As the organisation is growing, there are a lot of people who come in and help the team in exploring and cementing relationships which bear fruit in the long run. Today, these associations are seldom rewarded as the process is cumbersome and there is no foolproof way on defining them and executing them.
Beyond National Boundaries
The above mentioned topics of startup funding, employee contribution as well as network affects are typically restricted within the boundaries of a nation state. For someone to reach beyond, he needs a lot of expertise offered to him by the likes of Accelerators, Fund Managers etc.,
Until a few years ago (prior to the Covid Pandemic), there were hardly any systems available thru which one can hire a person sitting on the other side of the world without risking a showdown with the law and IRS. One just couldn’t agree on the best way to hire or employ someone who fits your bill as your ideal employee, restricting the labour pool one can hire from and also providing opportunities for competition to succeed where you couldn’t just because you don’t know how you could make all of that work.