Currency Quote by William Mougayar
“If blockchain technologies ignore the eventuality of standards, we are going to see less adoption. Maybe we should think of the blockchain as a public-good utility and encourage an evolution that is not unlike the Internet's in terms of openness and neutrality of access.”
About This Quote
Source Article: Blockchain and the Public‑Good Utility, 2018
Without standards, blockchain adoption suffers; treating it as a public utility can foster openness and neutrality.
In simple terms: Standards are essential for blockchain adoption.
Key Takeaway
Promote open standards.
Themes
technology
governance
adoption
Mood
analytical
forward‑looking
Type
technical
policy
When to use this quote
- policy making
- software development
- industry standards
Key Concepts
economics
network theory
Questions to Reflect On
- How can standards be balanced with flexibility?
- What incentives encourage open access?
A Different Perspective
Over‑regulation may stifle innovation.
