//I personally think that 9 out of 10 times decentralizing something and making an ICO around it it’s bullshit and the companies just want to scam people. Here are the very few industries that decentralizing them might be a good idea, and the projects that working on that:

I personally think that 9 out of 10 times decentralizing something and making an ICO around it it’s bullshit and the companies just want to scam people. Here are the very few industries that decentralizing them might be a good idea, and the projects that working on that:

I consider most of the readers here at /r/cryptocurrency intelligence, so I’m pretty sure most of you don’t invest in every new shitcoin or ICO before you check about the team, technology (code) , marketing quality etc…I see so many projects out there trying to scam inexperienced investors that don’t know how to determine if a project is legit or not.After investing in multiple ICO’s in the last year I learned something important: We don’t need to decentralize everything. ICO can have a great team, cool concept & a big community but without a real usage in the token, the volume will be low, easy to manipulate and it will just become another shitcoin. In my opinion, there are 3 industries that we can still decentralize:The Industry: data advertisement – a Few weeks ago Facebook made quite a few headlines after the data scandal with Cambridge Analytica. I don’t think we need to decentralize the social media but I do think that when a company has too much power it’s becoming dangerous, and for companies like Facebook and Google, their power is in the amount of data they hold on us.Decentralizing the data advertisement industry, and implementing blockchain (which will make it more secure) can be a positive change.The Blockchain company: Liberdy – besides the fact they gonna decentralize the advertisement data industry, they also plan to reward users when a company uses their data. It’s actually kinda brilliant, It gives you the power to choose whenever a company will use your data or not, and in case they wanna use it they will pay.2. The Industry: programming – How many developers there are out there? millions. how many blockchain developers there are out there? Not enough.We can’t hope for the world to adopt blockchain when the infrastructure is not ready. If a big bank wants to implement blockchain they will need to hire new blockchain developers that might be not so easy to find.But what if every developer could just use the language he uses to work with and by using some magical tool this language will turn into smart contracts?The Blockchain company: iOlite – they are aiming to be the google translate of the programming world. In my opinion, it will make it much easier for any company to implement blockchain and that’s the kind of projects I would like to see in our market.The Industry: online marketplace for freelancers, micro tasks: Did you ever used Fiverr, Upwork. Freelancer, Amazon MTurk or any other website that connects between freelancers to companies/people who need their services?I personally use this kind of websites a lot. The main problem is the high fees.Here are few examples:How high? In Fiverr, for example, it can go up to 25%https://ift.tt/2JsL3T3 UpWork the fees can go up to 20%:https://ift.tt/2IAsIlI Amazon Mturk it can go up to 40%!!https://ift.tt/2GFtqBP Blockchain Company: Effect Ai – They gonna decentralize Amazon Mturk.They have a great tech team and advisory board (Charlie Shrem is one of their advisors) There are thousands of freelancers who work 10-15 hours per day on platforms such as Amazon Mturk and get paid 2-3$ per hour. Taking the fees off will leave a lot more to this freelancers. I can see a vast usage of this platform. Besides that fact it will create a healthy competition among the online freelancers marketplace, it will also help to improve the life quality to thousands of people.

I consider most of the readers here at /r/cryptocurrency intelligence, so I’m pretty sure most of you don’t invest in every new shitcoin or ICO before you check about the team, technology (code) , marketing quality etc…I see so many projects out there trying to scam inexperienced investors that don’t know how to determine if a project is legit or not.

After investing in multiple ICO’s in the last year I learned something important: We don’t need to decentralize everything. ICO can have a great team, cool concept & a big community but without a real usage in the token, the volume will be low, easy to manipulate and it will just become another shitcoin. In my opinion, there are 3 industries that we can still decentralize:

  1. The Industry: data advertisement – a Few weeks ago Facebook made quite a few headlines after the data scandal with Cambridge Analytica. I don’t think we need to decentralize the social media but I do think that when a company has too much power it’s becoming dangerous, and for companies like Facebook and Google, their power is in the amount of data they hold on us.

Decentralizing the data advertisement industry, and implementing blockchain (which will make it more secure) can be a positive change.

The Blockchain company: Liberdy – besides the fact they gonna decentralize the advertisement data industry, they also plan to reward users when a company uses their data. It’s actually kinda brilliant, It gives you the power to choose whenever a company will use your data or not, and in case they wanna use it they will pay.2. The Industry: programming – How many developers there are out there? millions. how many blockchain developers there are out there? Not enough.We can’t hope for the world to adopt blockchain when the infrastructure is not ready. If a big bank wants to implement blockchain they will need to hire new blockchain developers that might be not so easy to find.

But what if every developer could just use the language he uses to work with and by using some magical tool this language will turn into smart contracts?

The Blockchain company: iOlite – they are aiming to be the google translate of the programming world. In my opinion, it will make it much easier for any company to implement blockchain and that’s the kind of projects I would like to see in our market.

  1. The Industry: online marketplace for freelancers, micro tasks: Did you ever used Fiverr, Upwork. Freelancer, Amazon MTurk or any other website that connects between freelancers to companies/people who need their services?I personally use this kind of websites a lot. The main problem is the high fees.

Here are few examples:

How high? In Fiverr, for example, it can go up to 25%

https://medium.com/@JSFeliciano/22-days-as-a-designer-on-fiverr-experiment-cash-cow-or-design-rape-dc985892a72b

On UpWork the fees can go up to 20%:

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQHcUKRADouzH8TEvvvg1xEPJRUhGOayp3Ftxrx0_KslHb2j4lv6w

On Amazon Mturk it can go up to 40%!!

https://pbs.twimg.com/media/DVhjlsUX0AEaPzG.jpg

The Blockchain Company: Effect Ai – They gonna decentralize Amazon Mturk.

They have a great tech team and advisory board (Charlie Shrem is one of their advisors) There are thousands of freelancers who work 10-15 hours per day on platforms such as Amazon Mturk and get paid 2-3$ per hour. Taking the fees off will leave a lot more to this freelancers. I can see a vast usage of this platform. Besides that fact it will create a healthy competition among the online freelancers marketplace, it will also help to improve the life quality to thousands of people.