Constellation Networks Hypergraph Hour Episode 7: A Deep Dive
In the seventh episode of Constellation Networks’ Hypergraph Hour, the conversation revolves around the potential of blockchain technology in various industries, particularly in the entertainment and licensing of digital goods. The guest for this episode is Ray Hatoyama, a former managing director of Hello Kitty Sanrio and current advisor to Constellation Network.
The Power of Community and Decentralization
Ray Hatoyama discusses the importance of community in driving innovation and change. He cites the recent events around GameStop and AMC as examples of how communities can influence markets, even against the predictions of financial institutions. He believes that the community has the power to make things happen, and technology like blockchain can facilitate this.
Hatoyama also talks about the shift from centralized to decentralized models. He believes that blockchain technology is the closest route to achieving decentralization. He cites the example of Wikipedia, which operates on a decentralized model, as proof that communities can make things work in this way.
The Role of Blockchain in the Digital World
Hatoyama sees blockchain as a fundamental infrastructure in the digital world. He believes that as people start to value digital assets more, blockchain technology will become increasingly important. He cites the example of Pokémon Go, where players value digital Pokémon more than physical items.
He also discusses the potential of non-fungible tokens (NFTs) and how Constellation supports this in the L_0 standard. He sees this as opening many doors for the entertainment industry.
The Concept of a Keiretsu
A significant part of the conversation is dedicated to the concept of a Keiretsu, a Japanese term for a business conglomerate typically orchestrated around some sort of financing arm or capital. Hatoyama, having worked at Mitsubishi, a famous Keiretsu, shares his insights on how this model works.
He explains that a Keiretsu has a major share in each segment, from banking to retail to oil. It’s like an index, representing a wide range of industries. He believes that if a company wants to enter the Japanese market, it’s beneficial to first talk with a Keiretsu, as one connection can lead to multiple connections.
The Constellation Keiretsu
The conversation ends with a discussion on how Constellation is modeling its ecosystem on the Keiretsu model. The DAG cryptocurrency becomes the medium of exchange around the Constellation Keiretsu. The goal is to create a protective ecosystem that’s agnostic to everything, with DAG acting like an index token across the different entities that exist in Constellation.
Hatoyama encourages the community to build applications because every industry, especially entertainment and licensing of products and digital goods, will be essential in the future. He believes that blockchain technology, like Constellation, has the potential to change the world.
In conclusion, the seventh episode of Constellation Networks’ Hypergraph Hour provides a deep dive into the potential of blockchain technology, the power of community and decentralization, and the concept of a Keiretsu. It offers insights into how Constellation is building its ecosystem and encourages the community to participate in this journey.