--- title: "Meaning & Key Takeaway of: If blockchain technologies ignore the…" description: "\"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-..." image: "https://sms4smile.com/quotes/i/194/william-mougayar-12632_currency_if-blockchain-technologies-ignore-the-ev_677104.jpg" --- # If blockchain technologies ignore the eventuality of… ![“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.” quote by William Mougayar](https://sms4smile.com/quotes/i/194/william-mougayar-12632_currency_if-blockchain-technologies-ignore-the-ev_677104.jpg) [Download](https://sms4smile.com/quotes/i/194/william-mougayar-12632_currency_if-blockchain-technologies-ignore-the-ev_677104.jpg) [Open image](https://sms4smile.com/quotes/i/194/william-mougayar-12632_currency_if-blockchain-technologies-ignore-the-ev_677104.jpg) > “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.” [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Currency](https://sms4smile.com/quotes/about/currency/) [Evolution](https://sms4smile.com/quotes/about/evolution/) [Internet](https://sms4smile.com/quotes/about/internet/) ## Related quotes > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [Blockchain technologies will change transactions in a broad way.](https://sms4smile.com/quotes/brad-garlinghouse/blockchain-technologies-will-change-transactions-in-a-broad-way/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [We don't think the blockchain can do most of what's been ascribed to it. But we're entering the Internet of value - and that…](https://sms4smile.com/quotes/chris-larsen/we-don-t-think-the-blockchain-can-do-most-of-what-s-been-ascribed-to/) [Chris Larsen](https://sms4smile.com/quotes/author/chris-larsen/) > [You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets.](https://sms4smile.com/quotes/william-mougayar/you-have-to-think-of-the-blockchain-as-a-new-utility-it-is-a-new/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [On the blockchain, you have a public ledger, which is the form of ownership. That means you are not doing net settlement - just…](https://sms4smile.com/quotes/patrick-m-byrne/on-the-blockchain-you-have-a-public-ledger-which-is-the-form-of/) [Patrick M. Byrne](https://sms4smile.com/quotes/author/patrick-m-byrne/) > [Although the Ethereum blockchain is a public blockchain, it is great to see private and consortium blockchains using the Ethereum code base actively under…](https://sms4smile.com/quotes/vitalik-buterin/although-the-ethereum-blockchain-is-a-public-blockchain-it-is-great/) [Vitalik Buterin](https://sms4smile.com/quotes/author/vitalik-buterin/) > [There are a lot of really fabulous things that get done with digital assets and blockchain technologies to reduce friction, to reduce costs, and…](https://sms4smile.com/quotes/brad-garlinghouse/there-are-a-lot-of-really-fabulous-things-that-get-done-with-digital/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [2016 has proven to be the year where the most forward-thinking financial institutions are actually using blockchain technologies for payments and settlement rather than…](https://sms4smile.com/quotes/chris-larsen/2016-has-proven-to-be-the-year-where-the-most-forward-thinking/) [Chris Larsen](https://sms4smile.com/quotes/author/chris-larsen/) > [I am pro-technology that improves the lives of many people in any way possible, and I think the blockchain has the potential to do…](https://sms4smile.com/quotes/melanie-swan/i-am-pro-technology-that-improves-the-lives-of-many-people-in-any-way/) [Melanie Swan](https://sms4smile.com/quotes/author/melanie-swan/) > [The right way to think about the blockchain is that it's going to replace the entire Internet.](https://sms4smile.com/quotes/brock-pierce/the-right-way-to-think-about-the-blockchain-is-that-it-s-going-to/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [I do think the blockchain infrastructure is here to stay.](https://sms4smile.com/quotes/lisa-su/i-do-think-the-blockchain-infrastructure-is-here-to-stay/) [Lisa Su](https://sms4smile.com/quotes/author/lisa-su/) > [I've been in a room in Silicon Valley where on the wall they have 160 industries they think blockchain can disrupt. 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Byrne](https://sms4smile.com/quotes/author/patrick-m-byrne/) > [The blockchain applications market is unravelling along a segmentation of activity that is spread along two sets of variables: private vs. public blockchains, and…](https://sms4smile.com/quotes/william-mougayar/the-blockchain-applications-market-is-unravelling-along-a/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Let's hope the Canadian public sector starts putting the blockchain on their agenda so we can see a significant difference in how government services…](https://sms4smile.com/quotes/william-mougayar/let-s-hope-the-canadian-public-sector-starts-putting-the-blockchain/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Conceivably, blockchains could rely on a number of standards above the Internet's existing standards to allow a smooth bridging from one layer to another.…](https://sms4smile.com/quotes/william-mougayar/conceivably-blockchains-could-rely-on-a-number-of-standards-above-the/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) ## More by William Mougayar > [Tokens should not be listed before the start of the operations on the network, platform, or application. This is where many ICO's seem to…](https://sms4smile.com/quotes/william-mougayar/tokens-should-not-be-listed-before-the-start-of-the-operations-on-the/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [A blockchain-based startup could have a product/service as part of what they are developing, but their stride is best hit when they are also…](https://sms4smile.com/quotes/william-mougayar/a-blockchain-based-startup-could-have-a-product-service-as-part-of/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Crowdsourced funding via cryptocurrencies is a viable practice. A lot of good ideas and innovative companies are coming out of it. This segment is…](https://sms4smile.com/quotes/william-mougayar/crowdsourced-funding-via-cryptocurrencies-is-a-viable-practice-a-lot/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Conceivably, blockchains could rely on a number of standards above the Internet's existing standards to allow a smooth bridging from one layer to another.…](https://sms4smile.com/quotes/william-mougayar/conceivably-blockchains-could-rely-on-a-number-of-standards-above-the/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [In the increasingly digital world, data is a valuable currency, yet as consumers, we control and own little of it. As consumers, we must…](https://sms4smile.com/quotes/william-mougayar/in-the-increasingly-digital-world-data-is-a-valuable-currency-yet-as/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [A new DAO is like a startup. It requires a product/market fit, business model realization, and a lot of users/customers.](https://sms4smile.com/quotes/william-mougayar/a-new-dao-is-like-a-startup-it-requires-a-product-market-fit-business/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [If you think about the web, the web has been an incredible development platform, and everything today is developed on the web. In the…](https://sms4smile.com/quotes/william-mougayar/if-you-think-about-the-web-the-web-has-been-an-incredible-development/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [A token is not a short term carrot, nor a stick for that matter. Just having a token doesn't mean that you have a…](https://sms4smile.com/quotes/william-mougayar/a-token-is-not-a-short-term-carrot-nor-a-stick-for-that-matter-just/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Let's hope the Canadian public sector starts putting the blockchain on their agenda so we can see a significant difference in how government services…](https://sms4smile.com/quotes/william-mougayar/let-s-hope-the-canadian-public-sector-starts-putting-the-blockchain/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [The blockchain applications market is unravelling along a segmentation of activity that is spread along two sets of variables: private vs. public blockchains, and…](https://sms4smile.com/quotes/william-mougayar/the-blockchain-applications-market-is-unravelling-along-a/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [With the influx of available cryptocapital that has become widely accessible, it's going to be interesting to watch what happens next, because companies now…](https://sms4smile.com/quotes/william-mougayar/with-the-influx-of-available-cryptocapital-that-has-become-widely/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [“THE MORE FOUNDATIONAL A TECHNOLOGY IS, the more impact it can have. Blockchain technology is not a process improvement technology. At its fullest deployment…](https://sms4smile.com/quotes/william-mougayar/the-more-foundational-a-technology-is-the-more-impact-it-can-have/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Until there are tangible metrics for quantifying the real value of a token's utility, the gap between value and valuation will continue to defy…](https://sms4smile.com/quotes/william-mougayar/until-there-are-tangible-metrics-for-quantifying-the-real-value-of-a/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [As we prepare to enter the cryptoconomy, undoubtedly it looks fuzzy, foggy, risky, buggy, uncertain and unproven, but so did the Internet in 1995.](https://sms4smile.com/quotes/william-mougayar/as-we-prepare-to-enter-the-cryptoconomy-undoubtedly-it-looks-fuzzy/) [William Mougayar](https://sms4smile.com/quotes/author/william-mougayar/) > [Big companies do not want to disrupt themselves. All they want to do is improve themselves. 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I don't care whether I…](https://sms4smile.com/quotes/patrick-m-byrne/i-m-not-in-the-business-of-bayoneting-the-wounded-i-feel-the/) [Patrick M. Byrne](https://sms4smile.com/quotes/author/patrick-m-byrne/) > [If you do more than your share you'd better want to: otherwise, you're paying yourself in a currency recognized nowhere else.](https://sms4smile.com/quotes/james-richardson/if-you-do-more-than-your-share-you-d-better-want-to-otherwise-you-re/) [James Richardson](https://sms4smile.com/quotes/author/james-richardson/) > [“Relationships are the currency of business.”](https://sms4smile.com/quotes/brian-basilico/relationships-are-the-currency-of-business/) Brian Basilico > [The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it…](https://sms4smile.com/quotes/garet-garrett/the-spectacle-of-a-great-solvent-government-paying-a-fictitious-price/) [Garet Garrett](https://sms4smile.com/quotes/author/garet-garrett/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in…](https://sms4smile.com/quotes/michael-hudson/this-is-not-really-currency-that-circulates-it-s-like-the-old-joke/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [This separation was absolute in our original Republic. But the sky-godders do not give up easily. In the 1950s they actually got the phrase…](https://sms4smile.com/quotes/gore-vidal/this-separation-was-absolute-in-our-original-republic-but-the-sky/) [Gore Vidal](https://sms4smile.com/quotes/author/gore-vidal/) > [As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility,…](https://sms4smile.com/quotes/tim-ferriss/as-far-as-income-goes-there-are-three-currencies-in-the-world-most/) [Tim Ferriss](https://sms4smile.com/quotes/author/tim-ferriss/) > [The euro is not a currency. It is a political weapon to force countries to implement the policies decided by the E.U. and keep…](https://sms4smile.com/quotes/marine-le-pen/the-euro-is-not-a-currency-it-is-a-political-weapon-to-force/) [Marine Le Pen](https://sms4smile.com/quotes/author/marine-le-pen/) > [“Key Points: ● Transparency - Blockchain offers significant improvements in transparency compared to existing record keeping and ledgers for many industries. ● Removal of…](https://sms4smile.com/quotes/mark-gates/key-points-transparency-blockchain-offers-significant-improvements-in/) Mark Gates > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) [Browse all 1,256 Currency quotes ](https://sms4smile.com/quotes/about/currency/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "If blockchain technologies ignore the eventuality of standards, we are going to see less adoption. 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