would welcome debate of any of the 17 or any others at blog Investing in Millennials Goals and Collaboration Networks www.blockchainopen.com 

Investing in Millennials Goals and Collaboration Networks

three that stood out from the experts pick at Herein lies 17 decentralized technology predictions for 2017

Herein lies 17 decentralized technology predictions for 2017 By Andrew Keys Predictions on how blockchain technology will perform in 2017 by Andrew Keys’,Head of Global Business Developmen...

16. Asia will begin to flex its muscle as India and China roll out skilled blockchain developers, products, and capital

India is known for being the world’s hotbed of technical support and system integration. I foresee thousands of Solidity experts coming from Bangalore, Chennai, Delhi and other places from leading system integrators like Accenture, Synechron, Tech Mahindra, and Wipro.

China will also have deep developer pools, but rather than serving as the backbone to the world, their blockchain technology and brainpower will reside locally on the hundreds of Chinese smart city projects and internal banking applications which are perfect use cases for blockchain.

MIT- Yongling Li, Yanliu Lin and Stan GeertmanAbstract Since IBM brought the concept of “Smarter planet” in China in 2009, smart cites construction has become a new trend of urban development. By 2013, there were 193 approved pilot projects of smart cities in China. Smart city has been viewed as a key strategy to promote industrialization, informatization, and urbanization. The rapid development of smart cities in China is largely attributed to the cooperation between IT companies and the government. This paper will study how smart cities have been developed in China. It will pay particularly attention to the roles and relationships of various actors (including the government, market and society) in the development of smart city, which further divided into four layers, that is, sensor layer, network layer, platform layer and application layer. This article will finally summarize Chinese experiences on the development of smart cities and giving the visions of future development. 

12. As global energy markets continue to decentralize, their natural neural network will be peer-to-peer blockchains

In 2016 we continued to witness evolution, growth and progress across this interdisciplinary engineering science sector as energy technologies improve and deliver efficient, safe, environmentally friendly and economical extraction, conversion, transmission, storage and use of energy. As technology drivers accelerate we are also seeing the emergence of new business models focused on peer-to-peer interactions across the grid and this is precisely where Ethereum has a tremendous opportunity to add efficiency gains in 2017. As the physical infrastructure of the grid continues to decentralize and more prosumers come online, ConsenSys is working hard to re-imagine and build solutions at the business logic and transactional layers in an attempt to more elegantly describe what is happening in the real world as these changes occur. We are building next generation Ethereum enabled smart grid technologies with our utility and power production friends and partners all over the world.

2017 will be the year that the average person begins to understand that blockchains aren’t just an upgrade to our database and Internet, but rather tools to re-architect social, financial and political systems.

The key question asked will be: How much should we pay to trust each other?

Ethereum smart-contract blockchain systems will actuate near frictionless price discovery mechanisms for intermediation. Intermediaries like banks, accountants, notaries, custodians, trustees, agents may have to begin to find higher value propositions for customers as the cost of trust will plummet. The macro net result should be greater value to the counter-parties of a transaction and less value to the intermediary. Moreover, there will be anthropological research and writing on the value (or lack thereof) of the “middleman” in 2017 similar to the way Nobel laureate Ronald Coaseexplained efficiencies in “The Nature of The Firm”.