A recent chat between Roundtable anchor Rob Nelson and Jillian Godsil, Founder of Blockleaders, prompted a discussion on the nature of entrepreneurship examples in the blockchain and crypto world. This discussion addressed important points about the contrasts, impact, and possibilities entrepreneurs in this field bring to light.
Nelson mentioned that he and his interviewer discussed a lot about traditional market space and traditional company owners. He’s wondering if there’s a distinction between entrepreneurship in the blockchain and crypto world. If so, what is it, and why is it thus?
Godsil’s remark emphasised the brisk activity in the area and provided light on the distinguishing features of these entrepreneurship examples. She answered, “What makes entrepreneurs in this space different?” They’re really imaginative; it’s not typical fare. They are not recreating the wheel; rather, they are developing whole new technologies, concepts, and products.
She stated that the unique characteristics of blockchain technology, such as decentralisation and the prohibition of double-spending, inspire entrepreneurs to come up with mind-blowing ideas and new solutions. She said they think outside the box and are a little crazy, providing insight into the field’s power and creativity.
Nelson was then requested to dive into the industries that exhibit the most innovation and entrepreneurship. Godsil used the supply chain as an example, typically regarded as a mundane but crucial trade component. However, with the introduction of blockchain, this sector is witnessing a fascinating transition.
In response, she elaborated on the unprecedented openness and trust that blockchain gives the supply chain, stating that you can now follow your banana from wherever it came from to wherever it’s going.
One especially exciting example Godsil provided was a scheme that used a local token to compensate farmers in underdeveloped nations.
“You think, that’s 50 euros, 50 dollars, but to somebody in a developing world, that could be enough to buy seed. The impact, not only are you benefiting the conscious consumer, but you’re also benefiting the original producer, especially in a developing world, and that’s very exciting.”
Thus, Nelson and Godsil’s talk provides a persuasive image of the blockchain and crypto industry as a hub of imaginative and significant enterprise. As this new generation of entrepreneurs uses blockchain’s revolutionary capacity to generate novel ideas and solutions, they propel the digital economy and pave the road for global social benefits.