Successful startups are the ones that are able to cross the chasm from early adopters to sustainable revenue - they have been able to validate their value proposition, defined a business model and now are ready to expand.
So how do you transition from innovation to operator ? what is your new business model ? how do you operationalize the business at a level that will scale ?
Many states have been focused on the development of start up ecosystems, following the incubators & accelerator models that currently exist, but fail to understand and leverage their strengths and opportunities that would make the programs impactful; by leveraging their vast operations to create a bridge for local innovators to validate their solutions.
The underlying value of the blockchain is it ability to deliver a secure and transparent distributed ledger, where transactions are immutable and verifiable. For certain applications, this creates a fundamental problem, how do you trust the individual behind the transaction without accessing their private information that was used to create the blockchain address?.