Author: Andrew Wong

Blockchain

Tokenization of Energy: Crypto Mining, Proof of Work and the Reinvention of Energy Financial Markets

Blockchain-based innovations are as much about new technology as they are about new concepts of governance. In particular, the continued proliferation of Proof of Work (PoW) consensus has the potential to fundamentally change the structure and incentives of the energy markets. By translating physically trapped energy into global and digitally mobile value, the energy economics of production and distribution may change. One of the most common misconceptions about the Blockchain and Digital Assets space is that we’re witnessing “a technology-driven” revolution. While the technology paradigm of distributed ledgers (“DLTs”) certainly brings incremental…

FinTechOpen Finance

The next FinTech: Global “Open Finance” Infrastructure

“Open Finance “ — open-source financial services infrastructure built on public blockchains — may be the next major digitization narrative after Fintech. Driven by the transformation of analog liquidity (deposits in a bank account) to digital liquidity (tokens in digital wallets), the playing field can be leveled for offering financial services. As a result, new profit motives are introduced encouraging innovations not previously feasible.   Technology disrupting finance is a narrative that’s existed for a long time. The dream has always been for tech to digitize financial services, increase competition/access, reduce concentration risks, and…

FinTech

Digital assets: A non-sovereign asset for investment managers?

Investment managers may benefit from studying digital assets. This begins by understanding the difference between Crypto-currencies vs Crypto-assets, the role of the supply-side in setting the risk profiles for these assets, and how all these things combined introduces the concept of non-sovereign assets. At their core, investment managers perform the important function of matching savings with investment opportunities. They either employ strategies to invest client cash into market tracking products (passive, index/ETFs) or into products which try to outperform (active, alpha-generating). For most managers, the past 10 years since the…

BlockchainCryptocurrency

Digital Economies: Macro Narratives for Blockchain and Digital Assets

Since the introduction of Bitcoin, a lot of attention has gravitated towards the blockchain and cryptocurrency space. However, media headlines constantly focus on the price action of cryptocurrencies and miss the bigger picture. The more interesting story to tell centers around the convergence of many macro narratives which has led to blockchains and new digital economies. Excitement around the potential of blockchains and digital assets, including cryptocurrencies, can be summed up by a deceptively simple idea: “Blockchains allow us to create digital jurisdictions that are not defined by geographic borders.” Blockchain-based digital jurisdictions are conceptually…

Blockchain

Funding scientific economies

Following up on our last post on “asset-backed tokens for science”, we at Boundary have more broadly explored the use of blockchains and tokens/cryptocurrencies for science. This has led us to re-think our investment thesis. We are excited to announce that Boundary Impact Ventures is going to be shifting its focus towards investing in “scientific economies”. Scientific economies are globally distributed protocols for transacting in scientific goods and services, powered by the blockchain, and governed through the use of tokens (or cryptocurrencies) that incentivize positive emergent behaviors across the scientific…

Cryptocurrency

If Crypto Was Around During My University Econ Classes…

Learning about cryptocurrencies has been an interesting lesson in the history of economics and money.   The more you go down the “rabbit hole” of crypto, the more you find yourself revisiting the fundamental principles of micro-, macro- and international economics. I’m sure that if crypto existed when I took these courses in university, I would have been a much better student. Whether you’re for or against cryptocurrencies, it nonetheless represents an interesting real-time economics experiment worth paying attention to. Presented below are some thoughts on the cryptocurrency phenomenon. It is…

Cryptocurrency

Cryptocurrencies for science: Asset-backed tokens for science

This post explores the idea of creating cryptocurrencies, and more specifically, “asset-backed tokens”, to finance scientific assets. This post is the first of a longer series exploring how commercializable scientific risk profiles could potentially be recorded, structured, and financed leveraging blockchain technology. Many of the innovations in our society today are built on the foundation of scientific breakthroughs. Scientists spend a painstaking amount of time to uncover and understand how things work (“basic research”), and apply these learnings to create new goods and services (“applied research and commercialization”). While we…