53 Quotes by William Mougayar

You have to think of the blockchain as a new utility. It is a new utility network for moving value, moving assets.

The blockchain is an asset normalization platform that can enable a new liquidity in transactions, hence creating large networks of usage and value effects with benefits in speed, cost, quality, or outcomes.

In the increasingly digital world, data is a valuable currency, yet as consumers, we control and own little of it. As consumers, we must ask what big companies do with our data, a question directed to both the online and traditional ones.

Few incumbents will succeed in deploying blockchain applications to enable new business models. The innovator's dilemma will prevail. Even if they aspire to, they must first get their feet wet within their business boundaries.

If you have your own currency, you have your own governance, so each currency becomes their own mini-government. Mini-government is a big word, but it's a body that is governed in a decentralized manner where users have a say, where there's oversight and transparency.

In order to grow-up, blockchains will eventually need a lot of standards that are vendor- and solutions-agnostic. So many areas are ripe for standards developments: smart contracts, tokens, security, storage, messaging, identities, naming, record-keeping, and more.

If you think about the web, the web has been an incredible development platform, and everything today is developed on the web. In the future, everything is going to be developed with the blockchain in mind.

There is a new economy out there, what I call the Crypto-Tech Economy, that could be as big, if not bigger, than the web economy. So we have to be prepared for it.

Blockchain infiltration will be met with resistance because it is an extreme change.