Author: Josh Liggett

https://blog.ourcrowd.com/wp-content/uploads/2018/01/d5980a0228674aef9e49d61411bb67fa-1516699578509.mp4  The Evolution of the Internet In order to understand the value proposition of blockchain, it’s important to understand how the internet has evolved from the perspective of the consumer. At first, the internet was a giant source of information. Aptly dubbed the “information superhighway,” instead of driving to a library, picking up a newspaper, or flying to a museum, people could just “go online” and read about it. With more information at their fingertips, more people got involved. Individuals started adding opinion pieces like blogs and social media to the mix, thereby expanding and adding more and more information to the network. The next iteration of the internet was applying “not having to go to a library” to not having to visit a store—leading to the birth of the e-commerce site. Instead of driving to the supermarket or clothing store, consumers could order items from the comfort of their own home (and later smartphone/IoT devices). Although transactions through e-commerce or financial platforms are done online, in terms or services bought, sold, or transferred are digital representations of something...