Honored and excited to have been invited back for the third year in a row to help Business France Düsseldorf with their “Impact Germany” program for French startups expanding into the German market!
Category Archives: innovation
Lean Innovation Educators Summit 2022
Recently I was honored and excited to attend my fifth “Lean Innovation Educators Summit” and exchange best-practices and catch up with fellow educators from around the world.
“At our fifth Lean Innovation Educators Summit, we discussed the role of the university and other important organizations in supporting the critical mission of preparing the next generation of entrepreneurs and innovators. Attendees gleaned insights from keynote speaker Rich Lyons, the Chief Innovation and Entrepreneurship Officer of the University of California at Berkeley, about the opportunities and challenges faced by the Lean Innovation Educators community.”
Keynote: DECENTRALISED EVERYTHING (is Blockchain and Crypto eating the world?)
Excited to be doing keynotes again at real on-premise events despite the ongoing global pandemic!
Today I’m in Unter den Linden 1 at Bertelsmann Berlin, speaking about Blockchain, Crypto and Web3 at the Bertelsmann Tech & Data Week 2021. Humbled and honored to be on the same roster of keynote speakers as the excellent Hannah Fry (read her books)!
It’s a company internal event, so I won’t be able to share the whole nine yards.
On a personal note, I suspect having travelled straight from the clinic where I’d just witnessed our second child being born and not having slept for over 24 hours to deliver the keynote live on stage I might have come off a little disheveled. ;) Zero regrets, though.
Here’s a teaser:
Web 1 – Remember? (1990s – ca.2005)
- Semantics all over the place
- Protocols coming and going
- Things breaking
- Things not scaling
- Crowded place, many new unproven players
- Pump & Dump IPOs
- Scams rampant
- Slow mainstream adoption (e.g. e-commerce)
- dotcom crash 2000
- “This online web thing will never work…”
Web2 is the internet today, dominated by tech giants. It’s built on client-server architecture where users are the client and companies control the servers. These companies extract value from creators and users by sitting in the middle.
Web 3 – Sounds familiar? (today)
- Semantics all over the place
- Protocols coming and going
- Things breaking
- Things not scaling
- Crowded place, many new unproven players
- Pump & Dump ICOs
- Scams rampant
- Slow mainstream adoption
- ICO winter 2018
- “This blockchain crypto thing will never work…”
Web3 is the internet that’s being pioneered by crypto;peer-to-peer networks of computers that talk to each other without middlemen using blockchain tech. It’s the new Wild Wild West, the new frontier of the Internet.
As we now know, this Web 1 (and Web 2) thing worked out insanely well for some.
For those who made themselves dependant on these centralised platforms – and then the platforms changed – it turned out not so great:
TL;DR
- Web1 was about creating value at/for the edges; the developers and users
- Web2 is about creating value for the centralised platforms, the middlemen, the rentseekers, the gatekeepers
- Web3 is a return to creating value at/for the edges; the developers and users – reclaiming independence from centralised platforms
- Web3 is about trust, ownership, and decentralisation
- Crypto & Blockchain enables and empowers trust, ownership, and decentralisation
- Web3 is where the Internet wants to go at the moment
- Yes, there’s an energy consumption issue with crypto relying on “proof of work”, but alternatives exist, Etherium is supposed to switch to “proof of stake”, and pow miners are “going green” at a fast rate, it’s getting much better
- Yes, there are problems still with the concept of “decentralised”, e.g. a lot of tech being built on crypto rely on centralised platforms, and crypto platforms have been known to freeze assets and reverse transactions (which arguably should not be possible), we’re not quite there yet today
Also check out Peter Yang’s great beginners guide on crypto. It’s my go-to resource when trying to explain to the uninitiated. It’s the best first step guide I have read so far.
Conclusion & Recommendations
- It’s 1999 all over again, and the train has left the station, this may also be a boom and a bust – so don’t bet the barn 1999-style, but do dive in and participate, ask yourself if you can afford to miss the value creation in a pioneer age (again), worst case you’ll learn something
- You cannot disrupt the disruptors, don’t try to compete with startups because you’ll lose – acquire or create own initiatives
- Look over your shoulder and around you, who’s [startups] making blockchain / crypto waves near you, reach out and start a relationship – worst case they’ll ignore you, best case you’ll develop new biz opportunities
- Leverage your existing IP and its fan base, it’s something no startup will ever have, think of new ways of monetizing and including fans in new ways of participating
- DON’T BLOCKCHAIN EVERYTHING, use trust and ownership as heuristics; if neither is involved, skip – also think about internal or b2b processes that could be more efficient or cheaper using blockchain tech
- Look at internal work, internal processes that could possibly be automated using e.g. smart contracts – there’s probably a lot of smart people doing a lot of stupid work that could be freed up by automation (also see above)
- Think really hard about how you are going to attract the next superstars, offering newer generations more tools to monetize their art and let their fans better participate will naturally be a competitive advantage – crypto could be a part of that toolset mix
- Now is the time to get onboard, destination unknown
Talking about corporate innovation and the pandemic
Recently I was on Fabian Böck‘s BOECKBX podcast and talked a bit about corporate innovation and the effects of the pandemic on businesses – including my own.
Have a look and listen.
TL;DR
Based on my own experience working in outsourced innovation with governments, organisations and some of the largest companies in the world on and off between 1996 and 2010, I do not think it is a good idea to outsource (business model) innovation.
That’s the whole premise of my company, +ANDERSEN & ASSOCIATES.
From the +ANDERSEN mission statement:
“… we enable companies to manage and run innovation for tomorrow inside their own company, using their own people today.
Because innovation in your company will never happen by outside consultants.
It has to come from your most valuable assets – the people you already have on the inside.”
Let’s talk corporate innovation in Germany!
Join Rob Aalders and me this Tuesday, September 8th at 1500 hrs Berlin to connect with your peers in the West of Germany and share innovation insights and experiences as a part of the innov8rs unconference.
We will also share from our own experience with corporate innovation and startups.
For a discount code, ping me.
Here’s how to join us: innov8rs.co