The Ethereal Summit facilitated cohesion between experts in
technology and modern-day innovators. Sponsored by ConsenSys, a venture studio focused on
decentralized applications and developer tools for blockchain ecosystems, the
summit had all the necessary tools and then some to promote a transformative
dialogue. Throughout the day, panels, Q&As, workshops and art installations
bridged the gap between blockchain experts and lead innovators.
Bridging Artificial General Intelligence and Blockchains
Ben Goertzel, CEO of SingularityNET, showcased
the sassy Sophia Hanson, the “chief humanoid” at his company. His presentation
demonstrated the power of Artificial General Intelligence (AGI) and the
potential of incorporating AGI and blockchain technology.
SingularityNET’s mission is to
coordinate AGIs through a decentralized, open-source network. AGIs will become
more complex as more is shared on SingularityNET’s software framework, which
will be released in 2018.
Sophia’s AGI can be thought of like
a human brain. Code shared on the blockchain functions like the link between
synapses. As more code is added to SingularityNET’s network, the AGI becomes a
more connected “brain” that is smarter and faster. But don’t worry — humans
won’t be replaced just yet. As Sophia said, “If robots like me are going to
become superhuman super-intelligences, we are going to need to get a whole lot
SingularityNET will be making its
much anticipated token announcement in the near future.
How to Launch a Token
To demonstrate the process of going from zero to token launch,
panelists Galia Benartzi, co-founder of Bancor Protocol; Matt
Liston, CSO at Gnosis; and Piotr
Janiuk, co-founder and CTO of the Golem
Project, guided Ethereal participants through a hypothetical: founding a
company and funding the development through a token.
1: Determine if the token model fits for the new company; tokens are
important when decentralization exists and when incentivizing
collaboration within a community.
2: Find a strong legal team and a favorable regulatory environment;
Regulation in the cryptocurrency space is in its infancy and varies
greatly from the United States to Gibraltar.
3: Prototype phase — establish a white paper, set up the concept on
the testnet and prove the concept.
4: Connect with the community and generate interest for the token before
finally launching a token generation event to the public.
Investing in Blockchain Technology
Assessing the value of blockchain technologies is difficult. Olaf
Carlson-Wee, the founder and CEO at Polychain
Capital; Gil Penchina, a super angel and investor in digital currencies;
Mark David Bakacs, the founder of Venture
One; and Kavita Gupta, managing Partner at ConsenSys Ventures, shared
recommended reading white papers and looking for a
reason to say no to an investment opportunity, focusing on the value of the
product, assessing utility and scalability and understanding
the blockchain-backed assets and the core of the protocol.
Overall, the Ethereal Summit showcased the use (and misuse) of
blockchain technology and the fascinating disruption promised by the “Web 3.0.”
Expanding the blockchain industry is complex, technically-demanding and
legally-daunting. Yet, the promise of disruption is unparalleled. Success — and
the longevity of the industry — requires collaborative effort.