How Blockchain and Solar Power is Streamlining the Energy Sector

Whether heating a cup of tea or commuting to work, easy access to energy enables modern society to function daily. The way we harvest and consume energy directly affects our climate and quality of life. As we suffer adverse effects from fossil fuels, efforts like the Paris Climate Accord hopes to encourage individual countries to lower worldwide greenhouse gas emissions and mitigate climate change. This will require investing more in renewable sources like wind, solar, and hydroelectric power. Along with high transaction and investment costs, these alternative energy sources can be inconsistent. In this post we’ll cover how blockchain technology is helping the solar energy marketplace be affordable and reliable.

As our knowledge of how the universe works increases, we are better able to capture sustainable energy sources. Solar power has been proven to be “clean” energy that doesn’t emit Greenhouse Gases. Transitioning to solar power sources reduces our collective dependence on fossil fuels.

The future of energy is not just what we use for fuel but also how we commodify it. Because electricity grids cannot distinguish between electrons created by fossil fuels, the sun, wind, or other sources, world governments created a system of tradable certificates to track the production and purchase of energy.

Between having renewable energy plants send spreadsheets of production data and creating and transporting certificates between energy buyers and sellers, transaction costs in the energy business have become high. This system is also prone to accounting errors, mistakes, and fraud.

Luckily clean energy advocates and producers have become receptive to blockchain technology. These two technologies have been working together on projects promoting peer-to-peer energy selling. In October 2017, Forbes reported that the “Sun Exchange, an online solar equipment leasing marketplace based in South Africa, has raised $1.6 million in seed financing from strategic partners including New York-based Network Society Ventures and three globally leading technology accelerators from the U.S. to accelerate global access to solar power.”

The project combines blockchain technology and cryptocurrency with solar leases to increase transparency and reduce the costs of the cross-border transactions.

Harvard Business Review also reported that similar projects had success in New York, Austria, Germany and other locations .

“What is more likely to happen is that blockchain will become part of the answer to updating and improving centralized, legacy systems with a distributed hybrid system made up of a patchwork of both large power plants and microgrids powered by distributed energy resources such as solar power. Such a decentralized energy system would be capable of delivering efficient, reliable, and, in many cases, renewable energy.

So while blockchain may at first appear to be a form of technological disruption that the power industry should avoid, it could prove to be exactly what is required to keep up with evolving demand for electricity in smaller, lower value blocks and at higher frequency. While there’s always room for startups to move in and disrupt this industry, established utilities are best placed to evaluate and make strategic bets on blockchain technology’s potential applications. If they can seize the moment, centralized incumbents may turn out to be the true disruptors, ushering in a new era of decentralized power.” (Harvard Business Review, March 2017)

Elizabeth Woyke for MIT Technology Review reported that “69 percent of consumers told the technology consultancy Accenture that they were interested in having an energy-trading marketplace, and 47 percent said they planned to sign up for community solar projects.” Indeed this could solve data management challenges in the electricity sector without disrupting business as usual. Having this data stored directly in a blockchain can eliminate most of these errors and transaction costs.

Blockchain technology in combination with smart contracts can facilitate crowd financing so that solar power producers could get paid immediately without having to first sell electrons back to the main grid which usually takes 60-80 days. World Economic Forum explained in detail how blockchain adequately addresses the challenge of speed, secure interconnection, and regulatory reform.

While some are hesitant to embrace blockchain, Abraham Cambridge, Sun Exchange founder and CEO and the Sun Exchange team did the math. They found that “While Bitcoin’s potential to fuel investment in and distributed ownership of our future global energy supply is promising, the amount of energy that the Bitcoin mining network requires continues to draw criticism…. In this case, the energy it took to mine that Bitcoin (666 kWh) will be paid back in just under 18 weeks. Given that a solar panel will carry on generating clean electricity for at least 25 years, a single Bitcoin used to fund solar energy actually creates a positive balance of  400,000 kWh (400 mWh) of clean sun-powered electricity over the system’s lifespan.” (Sun Exchange blog, January 2017)

Forbes also reported that the “Sun Exchange has been leading in the African energy market since 2014, and has expanded globally with a U.S. headquarters in California and a regional operating office in Dubai. Supporting its claim, the enterprise won Best Bitcoin and Blockchain Business in Africa two years in a row now (2016 and 2017) at the Africa Fintech Awards.”

By breaking down solar panel ownership to a single cell, the Sun Exchange reduces the cost of going solar while making the technology more consistent by utilizing empty roof space in some of the sunniest cities on the planet. Presently it is possible to go solar and monitor your solar production through the Sun Exchange dashboard for as little as $10. This investment can lead to 20 years of passive income.

Note: Network Society Lab is Venture Development firm that focuses on adding value to startup companies that are based upon exponential technologies and decentralized networks. The Sun Exchange is one of its portfolio projects.

Wealth Migrate is Transforming Real Estate to Improve Wealth Distribution

Can you imagine a world where all people have access to investment opportunities? We imagine a world with increased wealth distribution so that the 6 billion people on this planet who currently live in poverty can live better. As the blockchain economy expands, we’re seeing how crypto-technology and cryptocurrencies are positively affecting almost every industry with intermediaries.

In an article about fractional ownership and real estate, Forbes noted that “the real estate industry has always been slow to adopt new technologies, however, it is becoming more open to the idea that blockchain has the potential to transform the way we buy and sell real estate by lowering hidden costs, expedite the process, reduce frauds and increase transparency.”

RealComm a research and event company focused on intersecting technology, innovation, and real estate predicts that the Blockchain will transform real estate in four ways:

  1. Disintermediation
  2. Fraud prevention
  3. Money 2.0
  4. Smart contracts

In a previous post, we covered how blockchain is influencing the future of fund management in similar ways. Network Society Lab is happy to announce that Wealth Migrate’s white paper and executive summary are avaialble for download. We believe Wealth Migrate has the capability to help transform the real estate market.

About Wealth Migrate

Founders: Scott Picken and Hennie Bezuidenhoudt
White paper:
Executive summary:


Wealth Migrate is a global online real estate company on a mission to lower the entry barrier for the investment real estate market while offering the same relative returns. For as little as $1,000 USD, users can grow and build portfolios through receiving direct access to exclusive real estate investment opportunities in premier markets worldwide. Their business model is far more fluid and enables more wealth distribution.

Since 2009, Wealth Migrate has listed about 3 to 4 new projects a year. In 2018, they expect to have up to 10 new investment projects. Wealth Migrate is different because it distributes quarterly dividends back to the investor.

  1. Fintech Startup Wealth Migrate Launches Life-Changing Competition
  2. Wealth Migrate’s Women & Wealth event
  3. Top 10 questions about Wealth Migrate

Why we’re excited

Network Society Lab is excited for Wealth Migrate’s upcoming token sale because the team has been able to offer high-value returns and opportunities to participate higher up the real estate value chain. With a global team of real estate partners and market experts spread across its USA, China, the UK and Australian offices, Wealth Migrate is one of the only international investment platforms to offer users transparent and direct investment opportunities around the world.

Token sale details

  • Token sale site:
  • Name of token: WealthE
  • Symbol: WRE
  • Presale: December 15, 2017 to April 4th, 2018 or until $10 million is raised, whichever is earlier.
  • Token sale event: end of the presale to May 21st, 2018 or until $30 million is raised, whichever is earlier.
  • Participant restriction: United Kingdom, United Arab Emirates

Please visit the WealthE token sale site for the most up-to-date information about the sale and Wealth Migrate.

Note: Investing in property projects is a higher risk/higher return investment strategy and carries significant risks including; illiquidity, loss of capital, rarity of dividends and dilution. It should only form part a balanced investment portfolio and is targeted at investors who are sufficiently sophisticated to understand the risks involved and are capable of making their own investment decisions.

Network Society Lab is Venture Development firm that focuses on adding value to startup companies that are based upon exponential technologies and decentralized networks.

How Blockchain is Decentralizing and Reducing Fraud in Real Estate

During a recent Silicon Valley Forum presentation, the global real estate market size was estimated at $217 trillion. Seventy percent of which consists of residential properties. Experts in proptech and fintech are working together to make the property industry more efficient and liquid through blockchain technology.

Fragmentation and centralization within real estate cause issues like mortgage and wire fraud. For example in Cook County the ‘Review and Refer’ Law was created because con artist can abuse the open recording system. Globally, wire fraud is responsible for the loss of assets and millions in funds. Although title insurance is a 10 billion dollar market, insurers don’t include wire fraud in their coverage.

These issues cause surmounting distrust between key players in the property industry. The price of which is excessive fees, extensive transfer time, varying levels of security, and coordination issues.

Quartz reported that “the World Bank estimates that 70% of the world’s population lacks access to land titling. Getting everyone to agree on every stage of a property transaction, and to record it permanently somewhere, is a feat of security, coordination, and trust.”

Ragnar Lifthrasir (Velox.RE, IBREA) and Natalia Karayaneva (Propy) identified 5 ways Blockchain will transform real estate.

  1. Disintermediation can cut out middlemen and their fees.
  2. The Blockchain ledger can be used for title and deed transfer. The security of Blockchain (specifically Bitcoin) can prevent mortgage-, wire-, and other types of property-related fraud.

Adam Back, a British cryptographer and crypto-hacker, asserts that “Bitcoin is the most secure and robust decentralized value transfer network. It has been running for eight years with no downtime, has more processing power dedicated to it than the largest supercomputer in the world and has a simple scripting language with the smallest attack vector.”

  1. Using cryptocurrency to pay rental deposits ensures landlords can’t prematurely spend funds.
  2. Ethereum smart contracts are perfect for complex agreements and reduce the need for human processing and verification.
  3. Token sales can help real estate companies launch construction financing projects.

There are several crypto-technology startups doing exciting work related to title transfer management solutions. Several countries have announced that they will adopt blockchain for their land registries.

Recently in the United States, an 8-month permissionless real estate transfer pilot program between velox.RE and  Cook County Recorder of Deeds (CCRD) resulted in the first ever legal blockchain deed software and procedural protocol. Ragnar Lifthrasir’s recap clarifies how this project was different to programs in Republic of Georgia and Sweden.

Lifthrasir predicts “The adopters of Blockchain for real estate will be the biggest and largest real estate owners who have to most money to save by cutting out middlemen, by gaining efficiencies, and having transparencies.”

In an RealComm interview, Lifthrasir said that time is the most significant obstacle to adopting blockchain technology in the property industry. “It takes time for software developers and entrepreneurs to develop the right product for the right fit. It takes time to get people to understand what blockchain is.” To speed along this process, IBREA offers members meetups, conferences, and a library of educational articles.

This is just one of the many ways exponential technologies are helping to decentralize many industries in the modern world. In our next article, we’ll review how blockchain is influencing utilities. Until then read best practice for using blockchain in real estate, watch blockchain and Real Estate, and review California’s real estate fraud report.


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How Exponential Technology is Tackling Humanity’s Grand Challenges

As we enter the fourth quarter, we see global tech giants vying to be the forerunner in data collection through exponential technologies like chatbots and intelligent assistants. In this blog, we’ll do a brief introduction to exponential technology and how it’s helping to solve humanity’s grand challenges.

Exponential Technology - Droid

Michael Haupt defines exponential technology as “technologies that double in power or processing speed every year, while their cost halves.” Reflecting on the evolution of computers over the past 25 years, we see that these machines have become smarter, faster, smaller, and cheaper. Computer development gives us a peek into the power and benefits of exponential technology.

Singularity University is a Silicon Valley think tank that offers educational programs and a business incubator. Their Exponential Technologies Executive Program identifies the 6 fields of exponential technology as:

  1. Biotechnology and Bioinformatics
  2. Energy and Environmental Systems
  3. Networks and Computing Systems
  4. AI and Robotics
  5. Medicine and Neuroscience
  6. Nanotechnology

In 2014, the co-founder and Chairman of Singularity University, Peter Diamandis predicted that by 2020, the number of network-connected devices will grow from 8 billion to over 50 billion. This phenomenon of globally connected machines known as the Internet of Things (IoT) would include an estimated 1 trillion data-collecting sensors. Through this humans can ask and receive answers to any question from AIs without being restricted by time zone or location.

Voice technology focuses on how to train AIs to understand human language through intelligent assistants (e.g., Siri, Alexa, and Cortana). VoiceLabs’ 2017 Voice Report indicated that there would be 24.5 million voice-enabled devices in use globally. As Voice technology matures, we can expect smart push notifications that can inform us when friends are connecting, or when have opportunities to complete errands (for example: refill medications at the nearby drugstore).

Exponential technology spurs exponential innovation. Scientist, inventors, and entrepreneurs who work to advance these technological fields that challenge the limits of science hope the final frontier is a world with true abundance.

When infinite computing power and artificial intelligence intersect, we believe the field of synthetic biology — which is considered a sector in exponential technology — will mature enough to master creating foods, fuels, and vaccines. From there, solving humanity’s grand challenges will be within reach and soon a part of our past.

In our next post we’ll review opportunities within exponential entrepreneurship. Until then read Michael Haupt’s detailed recap on exponential technology and watch Alia Malik’s TEDx talk on exponential technology and the digital middle class. Check out our resource page for links to primers on blockchain, decentralization, exponential technology, and tokenization of business models.


4 Must-watch ICO Summit 2017 Sessions

This year, leaders within the crypto-economy gathered in Zurich, Switzerland for the inaugural ICO Summit. The summit intended to discuss pressing industry issues including blockchain’s disruption of traditional financing, the evolution of crypto-economy financing (token sales), and global legal matters. Here’s a recap of 4 must-watch ICO Summit 2017 sessions. Even if you were an attendee, we recommend revisiting some of these.

 ico summit 2017 Swizerland

Tokens Generations on the Blockchain

William Mougayar

What: Token sales have raised over 1 billion dollars in 70 funds. Mougayar presents an updated view on the current state of the market. He names the key figures and how they relate to one another. He also offers foresight on possible challenges for token sale.

Why: Mougayar has been in the crypto-technology space for over four years and authored The Business Blockchain, a book that methodically unpacks the blockchain’s potential and everything it enables. This session is a concise refresher on the crypto-ecosystem and landscape.


Swiss Finance in Transition

Olga Feldmeier

What: For over 200 years, the Swiss government has had an independent, neutral status which allows it to cherish the tradition of privacy and banking secrecy. Feldmeier shares why she thinks Switzerland is predestined to become a new crypto-finance hub.

Why: Feldmeier is the CEO and founder of Smart Valor, an ICO management company. Feldmeier helped to shape the future of capital markets and token funding instruments. This presentation is for you if you want to understand Switzerland’s perspective on the intersection of technology and finance.


How is Blockchain Disrupting Venture Capital and Investment Banking?

Marc Badertscher (moderator), Jamie Burke, Kenzi Wang, Eddy Travia, and Richard Muirhead

What: Disruption is exciting. It seems that many — some new to both crypto-technology and traditional investing — are suffering from FOMO. This panel offers thoughtful commentary on how to structure projects and token sales. The explain why Blockchain startups should be looking for VCs who are mentors vs. traders interested only in liquidity.

Why: This panel discussion moderated by Badertscher was more than a hype session about disrupting venture capital and investment banking. The panelist were enthusiastic and sober in how they presented the pros and cons of VCs entering the crypto-ecosystem. This session is ideal for organizations considering token sales and partnering with VCs.


State of ICO Market – Cutting through the Hype

Daniel Haudenschild (moderator), Richard Kastelein, Daniel Zakrisson, Alexander Ivanov, and Miko Matsumura

What: Whether you call it media buzz, hype, or good public relations, there’s no denying that token sales and blockchain technology are trending topics in 2017. With reports of phishing scams and increased token speculation over usership, this panel deliberated whether token sales are prematurely trying to decentralize Silicon Valley.

Why: About 90% of startups fail; there’s no evidence showing that rate will be different for blockchain-based startups. Regulation and maintaining community trust is the only way forward. This session is for you if you’re interested in cutting through the hype and best practices for self-regulation, self-governance, and community maintenance.

In our next post we’re recapping global changes related to cryptocurrency regulation. Until then, you can watch a replay of the inaugural ICO Summit.

How Blockchain is Influencing the Future of Funds and Asset Management

As more people actively spend and save crypto-currencies, a need for asset management using the blockchain arises. With increased reporting on distributed ledger technology (DLT) and the introduction of smart contracts, wealth and asset managers in the traditional finance sector are also investigating opportunities to reduce redundancy and expenses through adopting DLT. Here’s an overview of how blockchain is influencing the future of fund management.

Blockchain Fund Management

According to Investopedia, traditional funds/asset management “covers any kind of system that maintains the value of an entity. … Funds management is the management of the cashflow of a financial institution. The funds manager ensures that the maturity schedules of the deposits coincide with the demand for loans. To do this, the manager looks at both the liabilities and the assets that influence the bank’s ability to issue credit.”

DTL is a protocol to record transactions. Fund management using a blockchain would differ from current systems in that DTL moves data from master ledgers (e.g., clearinghouses and banks) to distributed ledgers with no intermediaries. The records are trusted, irrevocable and available to everyone interested in the history of that transaction.

Over in Ireland, Blackmoon Crypto is positioning itself to be a platform bridging the gap between the crypto-universe and the traditional investment market. Smith and Crown report that Blackmoon intends to operate with a “2 and 20” fee structure. While this is similar to what’s currently charged, the investor pressure to retire these structures could lead to resisting adopting Blackmoon.

Understanding DTL is a point of great interest. In a report on Blockchain innovation in wealth and asset management, EY (formerly Ernst & Young accounting firm) stated that DLT could:

  • remove friction from the client onboarding process
  • streamline management of model portfolios
  • speed the clearing and settlement of trades
  • ease compliance burdens associated with anti-money laundering (AML)
  • securely identify customers

Investment Managers leaders at Deloitte — an auditing, accounting, financial advisory, risk management and tax services firm — are encouraged to give blockchain technology its attention. Deloitte published a 6-step guide to getting started with blockchain technology. The company supports and collaborates with think tanks and laboratories hoping to reap the perceived benefit of advancing asset management technology and transforming their value chain.

It’s known that many wealth and asset management practitioners are not very familiar with how blockchain works. Many critics say crypto-currency is a “fraud” and “blockchain technology is looking for a business problem to solve.” Of the identified challenges, EY notes the top three concerns for blockchain adoption within asset management firms are DLT ability to:

  • handle transaction volume
  • reach specific technology standards
  • comply with regulatory and legal hurdles

Despite all the stated benefits, we believe adoption delay is due to decentralization being the core of DLT and the crypto-economy philosophies. There is no need for a central authority. A decentralized internet powered by applications blur the line between owners and users.

Moody’s analyst Tiziano Oliva says, “Large asset managers are better positioned to capture the benefits of blockchain platforms. This is because the technology requires operational support and dedicated resources.”

“Distributed ledger technology would allow portfolio managers to instantly communicate portfolio changes to all clients “subscribed” to the model, as well as enable real-time views of individual account performance, drift outside of tolerances and cash flows. Also, smart contracts would allow for the management of fees paid by the sponsors — essentially taking a payment every time the model is used or downloaded.” (EY)

As stated, investors are discouraging ‘subscription fees’ as proposed third-party platform developers like Blackmoon. Presently, investment managers and central banks are working to develop their own asset management model with records that are transmitted through a blockchain to various subscribed brokers.

In our next article, we’ll recap 4 must-watch presentations from ICO Summit 2017. The inaugural summit held in Zurich, Switzerland covered blockchain’s disruption of traditional financing, the evolution of crypto-economy financing, and global legal issues. Until then, read EY’s Blockchain innovation in wealth and asset management and watch the mini-documentary Finance After Blockchain.

How Crypto-currencies Disrupt the Finance Sector

Crypto-currencies are at the intersection of technology and finance and threatens to disrupt the finance sector. In September 2017, JPMorgan Chase CEO Jamie Dimon attempted to dissuade adoption by calling crypto-currencies “fraud,” a “novelty” that shouldn’t become the norm. In this article, we’ll explain how and why crypto-currencies should disrupt the finance sector.

Blockain Finance Disruption

Originally, currencies were created to be convertible representations of valued commodities (e.g., gold). Eventually, we transitioned to fiat money; “currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. (Investopedia)

Unlike gold, central banks can choose to print more money whenever it wishes — possibly causing hyperinflation. Some Economists (e.g. Austrian school) say that quantitative easing and bank bailouts create inflation which robs the citizens by devaluing their money.

Crypto-currencies are like a hybrid of representative and fiat money in that its value comes from trust (fiat) and it has a controlled supply (representative). Bitcoin is not expected to exceed 21 million. Bitcoin ensures trust and value through the use of a Distributed Ledger Technology (DLT) called Blockchain. There are various types of DLTs. Knowing there’s a cap, encourages users to save and purchasing power usually increases.

Many within the Blockchain economy express a desire to help the unbanked and financially excluded. Now banks are beginning to experiment with blockchain technology and show a willingness to innovate. While that is happening, Jamie Dimon and those invested in the continued rule of fiat currencies and central banks, discourage adopting crypto-currencies.

On CNBC, Dimon said bitcoin mania is reminiscent of the tulip bulb craze in the 17th century. He warned that without the control and backing provided by governments, could harm to the community. “If you were in Venezuela, Ecuador, or North Korea you’re better off using bitcoin than using their currency. That can’t possibly be true in the United States Unless you’re speculating. That isn’t a reason to say something has value because other people are going to speculate — that’s tulips. It’s just not a real thing and eventually it will be the emperor doesn’t have clothes.” Additionally, with Bitcoin allowing users to move their wealth in a permissionless way using their individual sovereignty, some have taken the opportunity to trade in illicit goods and avoid taxes.

Proponents of crypto-currencies claim that central banks real fear of bitcoin’s decentralized, trustless network is possibility of being obsolete. They say having money tied to a central source is consenting to censorship because fiat-based financial institutions can freeze funds without cause or warning. Bitcoin’s public ledger and protocol prohibit manipulation of supply or altering interest rates — minimizing inflation risk.

The recent increased buzz around crypto-currencies and Blockchain technology has many on Wall Street and Silicon Valley researching and embracing. CNBC reported that Bitcoin fell to its session lows after Dimon’s comments. “As of 3:01 p.m. in New York, bitcoin traded at $4,106.23, down 2 percent. … Fundstrat’s Tom Lee said he sees bitcoin surging to $6,000 next year and value investor Bill Miller reportedly owns bitcoin”.

Philosopher and economic theorist, Melanie Swan says that “The Internet is large enough and liquid enough to accommodate decentralized models in new and more pervasive ways than has been possible previously. … [It could] also allow larger-scale, more complicated coordination, and speed our progress toward becoming a truly advanced society.”

In our next post we’ll dive into the future of blockchain financing. Until then read a breakdown of fiat money, David Orban’s interview on decentralisation and disruption, and Melanie Swan’s case for decentralized models.

Disclaimer:NSL is a venture development firm that focuses on adding value to startup companies that are based upon exponential technologies and decentralized networks. We are in favor of supporting the new wave of technologies and global communication that benefit from decentralized and distributed organizations. This includes using and trading

The Appeal and Risk of Token Sales: How to Prevent the Bubble Burst

In our previous article, we explained how token sales make it possible for anyone with access to crypto-currency fund innovative tech projects. In the past, these teams relied on investors, loans, or donations to fund their open-source projects. Sporadic donations and the inability to find backing from venture capitalist limited projects’ ability to gain traction and were inherently unprofitable for donors.

In this post, we will explain the appeal of tokens, some of the risks, and how to spot a (potentially) bad token sale.

Bitcoin bubble

Along with having early access, helping to expand the Blockchain ecosystem is a significant incentive to get projects off the ground. Although most Blockchain-based projects target early adopters for their token sales, crypto-currency enthusiasts (non-users) participate as a way to diversify their crypto-portfolios and speculate the future increased value of the tokens.

With mass speculation occurring — despite many white papers discouraging this — there’s concern that the token economy bubble might pop.

The complete lack of regulation means that some teams (unknowingly) rush to raise funds before their projects have matured — some ideas are inherently poorly designed and unscalable. However, the community based on trust and the Blockchain doesn’t want to stifle innovation within their growing ecosystem with overregulation.

Requiring teams to complete white papers help somewhat but non-tech savvy enthusiasts might be unable to adequately verify claims. There is also a great opportunity for unscrupulous teams to collect funds for ideas that are never intended to work.

The token economy’s main weakness could be too much speculating and not enough vetting. Should too many campaigns fail, trust in the community and the value of all tokens diminish. Some self-imposed restrictions are being established to avoid the pop. If a token sale fails to meet many of these points, it could be a sign of a volatile project.


Sterlin Lujan a journalist who as been involved with crypto-currencies since 2012, argued in a op-ed for Bitcoin News why there’s no bubble.

“Point being: if people want to call bitcoin a bubble, they ought to explain why exactly it is, instead of incompetently comparing it to past bubbles that do not share any characteristics with bitcoin other than a big price tag. If bitcoin were a bubble, it would be the largest one humankind has ever witnessed (not counting the 6,000-year old gold bubble, of course). But that is unlikely. It is more likely that bitcoin is just an amazing creation. Its value and potential dwarfs any fintech idea heretofore imagined, and the blockchain communities are just getting started.”

Note: this is not an exhaustive list of potential red flags. Always consult a lawyer, finance or tax adviser before making significant financial transactions.

  • Prioritize selling mostly to potential users — not just enthusiasts who speculate. This increases the ability to determine market demand and future value correctly.
  • Split token sales into multiple events with lower funding goals.
  • Present honest white papers with a clear explanation of risks, clearly defined goals, project timeline, and team credentials. Note: presently white papers are reviewed by regulatory bodies or independent third party.
  • Purchasing tokens or venturing into new markets always comes with risks — regardless of a regulatory body’s presence. Always aim to understand the business or technology; don’t take risks because projects appear sexy or trendy.
  • Asset-based businesses are more likely to survive; seek out projects that have authentic concepts and good backing.
  • Choose tokens that are fundamentally linked to products. Avoid those that are purely fundraising mechanisms without any intrinsic connection to the network.

In our next post, we’ll share Network Society Lab’s thoughts on token sale regulation. Until then, if you’d like to read more about crypto-currency ponzi schemes and the securities law framework for blockchain tokens.

Network Society Lab: Catalyzing Massively Transformative Change

What does energy, manufacturing, food, and security have in common? These sectors and others are benefitting from the rise of massively transformative technologies that grow exponentially while being organized in a decentralized network. The world is more than what we see around us; it’s what we dream and can turn our dreams about the world into reality tomorrow.

With these beliefs, Network Society Lab (NSL) is on a mission to catalyze massively transformative change. NSL is a venture development firm that focuses on adding value to startup companies based on exponential technologies and decentralized networks. We’ve identified 8 sectors that constitute as NSL’s Pillars of Change.

Our CEO, Scott Mize is an accomplished and knowledgeable entrepreneur, venture development executive, advisor, and speaker in the field of high technology, with 30 years’ of experience in the information technology, new media, Internet, nanotechnology and cleantech fields.

“Network Society Lab was established to help ensure the success of Network Society Venture’s portfolio companies. We provide the same types of service as an incubator or accelerator in order to catalyze their massively transformative purposes. Right now this is done in a very hands-on bespoke fashion. Over time we plan to enhance our offerings by developing and deploying open source online tools and resources which will empower any venture in the world (or off-world!) to fulfill their mission. We are very excited to be on this journey as part of the Network Society keiretsu. We welcome you to join us.”

— Scott Mize, Netowork Society Lab CEO

We created this blog to facilitate a dialog that brings about massively transformative change. Each week you’ll find quick, easy-to-comprehend posts about industry developments. We’ll cover NSL projects, thoughts from crypto-economy and futurists, conference news, and how decentralization and democratization is helping to solve humanity’s most complex problems.

As we push towards creating a future using exponential technologies and blockchain-based business models, we hope you will share your thoughts as we share ours. We invite you to join our network on Facebook, LinkedIn, YouTube, and Twitter.