Constellation Networks Hypergraph Hour Episode 13: A Deep Dive
In the 13th episode of Constellation Networks’ Hypergraph Hour, Jacob Mullins, a partner at Shasta Ventures, shares his insights on the intersection of venture capital, blockchain technology, and data-driven businesses.
Venture Capital and Blockchain
Jacob Mullins emphasizes that venture capitalists are increasingly interested in blockchain technology, not just as a speculative asset, but as a foundational technology for future businesses. He notes that venture capitalists are looking for businesses that can leverage blockchain technology to create repeatable use cases, similar to how businesses have leveraged traditional infrastructure technologies like Python, Rails, and SQL.
Mullins also discusses the challenges that venture capitalists face when investing in blockchain and cryptocurrency projects. Traditional venture capital agreements specify that funds are to be used to invest in equity, not in public markets or assets like cryptocurrencies. This has created a conundrum for venture capitalists who see potential in blockchain and cryptocurrency projects but are constrained by their agreements with investors.
Blockchain Adoption in Enterprises
Mullins believes that the adoption of blockchain technology in enterprises will happen gradually, similar to the shift to cloud computing. He suggests that enterprises will start experimenting with blockchain technology by building projects on blockchain platforms like Constellation’s Hypergraph. As they realize the benefits of blockchain technology, they will start to reshape their businesses around it.
Mullins also highlights the importance of data in the adoption of blockchain technology. He argues that the next decade of technology will be about how businesses use data to become more efficient and grow their revenues. Blockchain technology can play a crucial role in this by ensuring the authenticity and security of data.
The Future of Blockchain and Cryptocurrency
Looking to the future, Mullins sees the merging of enterprise consumption of blockchain technology and cryptocurrency happening subtly. He believes that enterprises will start using blockchain technology without fully realizing it, similar to how they started using cloud computing services like AWS and Digital Ocean.
Mullins also sees potential for blockchain technology in industries where data authenticity and security are crucial, such as defense, finance, and biotech. He suggests that blockchain technology could be used to ensure the authenticity of data in these industries, thereby preventing catastrophic outcomes resulting from incorrect or hacked data.
In conclusion, the 13th episode of Constellation Networks’ Hypergraph Hour provides valuable insights into the intersection of venture capital, blockchain technology, and data-driven businesses. It highlights the growing interest of venture capitalists in blockchain technology and the potential for blockchain technology to revolutionize how businesses use data. It also provides a glimpse into the future of blockchain and cryptocurrency, suggesting that their adoption in enterprises will happen subtly and gradually.