18 Organisations Launch The Convergence Alliance To Enable A New Open Data Economy Built On The Decentralized Web

18 Organisations Launch The Convergence Alliance To Enable A New Open Data Economy Built On The Decentralized Web

The Convergence Alliance’s has launched… and the brand new organisation’s mission is to speed up and diffuse a extra equitable, scalable and usable

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The Convergence Alliance’s has launched… and the brand new organisation’s mission is to speed up and diffuse a extra equitable, scalable and usable Web three.zero to impact a New Open Data Economy primarily based on the sovereignty of the person. Countering the platform monopolies of Silicon Valley and enabling a extra evenly distributed worth creation from AI.

Founding members embody Deutsche Telekom’s T-Labs innovation arm, Jaguar Land Rover’s InMovement Ventures, SAP, Imperial College London, Frankfurt School Blockchain Center, the Mobility Open Blockchain Initiative (MOBI, which incorporates 100 of its personal mobility members), Datarella blockchain options, Smart Dubai and the Fab City Global Initiative with 1,000 labs for additive manufacturing. Each founding member represents a key stakeholder teams essential to realising the imaginative and prescient of a extra open and equitable Web three.zero.

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Raimund Gross, Innovation Manager from SAP talks about becoming a member of the Alliance:

“At SAP we put the business value at front and center, hence the solutions we provide often involve several technologies. The Convergence Alliance allows us to collaborate with peers from the industry, share knowledge and gain a comprehensive understanding of the opportunities arising from emerging technologies. This endeavour will help us identify new ways of enriching business processes and eventually create new business models in the service of our customers.”

The Alliance connects technologists pioneering Webthree.zero with industries corresponding to IT & telecommunications, mobility, & manufacturing, utilities and sensible cities which have already undergone a fast technique of digitisation. However, they now face challenges in unlocking return-on-investment from their experimentation in blockchain or turning massive knowledge initiatives into significant business benefits in AI.

What makes it totally different from the various different blockchain suppose tanks and consortia are that it doesn’t deal with blockchain and distributed ledger in isolation. The Convergence Alliance is as a substitute centred on the idea of ‘convergence’, the place applied sciences corresponding to blockchain are greatest understood within the context of the broader technical panorama, and particularly how with AI, Big Data and IoT they mix and speed up each other.

This has led The Alliance to discover the adoption of a curated stack of 15 open supply applied sciences with 15.5M strains of code1, referred to as The Convergence Stack2, with consists of , routing, distribution, interfacing and the applying layer of the web. As effectively as assessing requirements they could require and the way they’d combine into legacy enterprise processes and IT programs.

Transitioning from a centralised Web 2.zero to the decentralised Web three.zero

Web 2.zero has by now highlighted the worth of information however has concentrated right into a handful of platform monopolies with extractive and intrusive enterprise fashions with insecure knowledge infrastructure. Where Google, Facebook or Amazon have grow to be a direct competitor or overly dominant cloud AI vendor to nearly all of corporations and industries. Further to this, the latest launch of Facebook Libracoin, a public permissioned consortia planning to concern their very own digital forex, has mobilised many industries to speed up their eager about their place inside a brand new knowledge financial system, appearing for a lot of as a ‘burning platform’ second.

The Convergence Alliance will facilitate collaboration at each a technical and business stage to unravel these knowledge challenges. Its founding members have already led their respective industries constructing options leveraging The Stack together with the Jaguar Land Rover IOTA-powered automotive pockets, the place automotive house owners earn credit by enabling their vehicles to report knowledge on highway situations and site visitors congestion3 and Deutsche Telekom’s T-Labs and Fetch.AI who are working collectively to construct and deploy autonomous financial brokers, that may be built-in into IoT gadgets to supply them with the authority and autonomy to prepare themselves freed from human intervention4.

Jamie Burke, Founder of Outlier Ventures and The Convergence Stack thesis feedback: 

“The final 25-year computing cycle has been dominated by The Platform & The Cloud, with obscene worth creation for a handful of firms. However, there’s a rising consciousness concerning the trade-offs of the cloud platform and a developed understanding of the advantages of decentralised know-how, unlocking a brand new actually peer to look worth change. The Alliance is the primary manifestation of a counter narrative and a sign of the paradigm shift that’s about to come back.’

“We’re excited to work alongside the Founding members of The Convergence Alliance to accelerate and diffuse a more equitable, scalable and usable Web3.0, centred around a New Data Economy and the cognitive revolution.  Bringing together open-source protocols, enterprise, academia, and start-ups to realise Web3.0 by defining, building, financing and integrating the Convergence Stack. We look forward to bringing meaningful ROI and impact form the promise of blockchain across a variety of industries, expanding the Stack, and we welcome partners to join building Web3.0.”

Alliance aims and actions

The Stack has been in growth for a number of years, and now with the formal launch of the Alliance, there’s additional collaboration round interoperability. The Alliance is facilitated by Outlier Ventures, and the inaugural summit of founding companions was launched this month (02/07/2019) the place members agreed upon a set of core aims which might then be opened as much as the energetic participation of a wider membership of companions and friends.

Standards Peer Group: With a quickly increasing know-how ecosystem birthing quite a few emergent protocols with the potential to construct upon the foundational improvements of HTTP (web site looking) or SMTP (e mail), members desire a curated discussion board of friends to grasp and discover totally different approaches round areas like interoperability or privateness to tell how they have interaction with requirements initiatives.
Ecosystem Guidance: To collectively agree and talk the technical and business wants of alliance members from The Stack to assist direct improvements in protocols, purposes and assist providers, in addition to the enterprise capital required to carry them to market.
Dissemination & Education: To successfully educate the ecosystem of builders, companies in addition to technical academia by means of focused occasions, content material and analysis to speed up adoption. Helping to ‘cross the chasm’ and diffuse the improvements of Web three.zero

Philipp Sandner, Head of the Frankfurt School Blockchain Centre, on the Alliance aims:

“As one of the leading think tanks in Germany, it is an honour to participate in the Convergence Alliance. Convergence is about new business models for startups, corporates and investors – driven by blockchain. The Alliance brings together key people with business, IT and academic background, that will shape the fundament new business ideas driven by blockchain, IoT and data analytics.”

Outlier Ventures beforehand communicated that it intends to deploy $30m value of assist for The Stack by means of its enterprise platform over the following three years5. The Alliance will finance its personal actions corresponding to working teams, summits, developer conferences, analysis and the creation of academic content material by means of annual membership charges. However, core to the philosophy of the alliance is the cautious curation of members who should show a sophisticated stage of technical maturity and c-level dedication to enterprise mannequin innovation and the significant deployment of Stack applied sciences.

Ecosystem of companions unlocking $1.5 Trillion by 2025

The founding members6 signify a wider ecosystem of individuals which can be required to shift the from a interval of experimentation by early adopters to cross the chasm to the broader market and unlock an estimated $1.5 trillion by 2025 based on IDC and IBM7 They consider this can be achieved by the Alliance’s aims to:

Inspire visionaries inside giant enterprise innovation outposts, enterprise groups and labs to realize utilized studying by means of pilots and early stage investments
Connect these improvements to strategic targets on the c-suite of extremely digitised industries and technically mature organisations
Onboard and allow center administration, as implementers and price range holders, by means of efficient usable options and tooling
Venture financing of early stage startups and analysis teams to carry applied sciences to market
Empowerment of each the technical and business expertise market, together with new entrants  and professionals seeking to reskill and upskill to advocate and impact change 
15.5M strains of code, consists of strains of code totalled from GitHub from initiatives throughout the Stack.
The Convergence Stack is a refinement of the Outlier Ventures funding thesis first printed in 2016 anticipating the convergence of blockchains with IoT, AI and ultimately robotics. Further data may be discovered at https://outlierventures.io/analysis/the-convergence-stack/
Jaguar Land Rover, April 2019, https://www.jaguarlandrover.com/information/2019/04/money-earn-you-drive-jaguar-land-rover
Deutsche Telekom, May 2019, https://www.telekom.com/en/media/media-information/archive/cooperation-on-digital-economy-572728
https://outlierventures.io/analysis/crossing-the-crypto-chasm-diffusion-of-innovation/
18 Founding members of the Convergence Alliance:Deutsche Telekom, InMovement Jaguar Land Rover, SAP, Imperial College London, Frankfurt School of Finance & Management, Datarella, MOBI, Fab City Global Initiative, OV, Agoric, Fetch.AI, IOTA, Ocean, BigChainDB/ DEX, Evernym, Sovrin, Haja Networks, SEED
IBM, 2018, Blockchain Market Shares, Market Strategies, and Market Forecasts, 2018 to 2024, https://www.ibm.com/downloads/cas/PPRR983X, IDC, 2018, IDC Forecasts Worldwide Technology Spending on the Internet of Things to Reach $1.2 Trillion in 2022, https://www.idc.com/getdoc.jsp?containerId=prUS43994118

Outlier Ventures is a enterprise platform that helps the event and progress of recent applied sciences. To do that we advise and spend money on proficient groups, and assist companies which create worth for an open knowledge financial system. Established in 2013, Outlier had been Europe’s first enterprise agency devoted to blockchain know-how. As early buyers within the area, we foresaw the approaching collectively of key applied sciences like AI and IoT with blockchains – which we termed ‘Convergence’ in 2016.

Outlier Ventures have developed an industry-leading funding thesis, primarily based on the convergence of decentralised applied sciences with different advancing applied sciences together with synthetic intelligence, robotics, and the Internet of Things. The convergence of those applied sciences will assist a brand new open and decentralised knowledge infrastructure. This creates subsequent era knowledge know-how which is able to drive the evolution of the following web paradigm “Web 3.0”

Outlier work with seed and progress stage startups in addition to bigger companies who’re dedicated to the imaginative and prescient of an open and decentralised knowledge infrastructure. The staff is 30 individuals sturdy, with a world presence together with London, Toronto, Chicago and Amsterdam. With specialists in token economics, analysis, authorized, advertising, and know-how, we carry a powerhouse of assist to founders and companions.

Outlier Ventures have invested and partnered with a number of the most spectacular initiatives within the decentralised area together with, IOTA, Ocean Protocol, Fetch.AI, SEED, Sovrin, Haja Networks and most just lately Agoric, in addition to a lot of additional deliberate bold investments. The agency additionally maintains strategic partnerships with its company and tutorial community. https://outlierventures.io/

15.5M strains of code, consists of strains of code totalled from GitHub from initiatives throughout the Stack.
The Convergence Stack is a refinement of the Outlier Ventures funding thesis first printed in 2016 anticipating the convergence of blockchains with IoT, AI and ultimately robotics. Further data may be discovered at https://outlierventures.io/analysis/the-convergence-stack/
Jaguar Land Rover, April 2019, https://www.jaguarlandrover.com/information/2019/04/money-earn-you-drive-jaguar-land-rover
Deutsche Telekom, May 2019, https://www.telekom.com/en/media/media-information/archive/cooperation-on-digital-economy-572728
https://outlierventures.io/analysis/crossing-the-crypto-chasm-diffusion-of-innovation/
18 Founding members of the Convergence Alliance:Deutsche Telekom, InMovement Jaguar Land Rover, SAP, Imperial College London, Frankfurt School of Finance & Management, Datarella, MOBI, Fab City Global Initiative, OV, Agoric, Fetch.AI, IOTA, Ocean, BigChainDB/ DEX, Evernym, Sovrin, Haja Networks, SEED
IBM, 2018, Blockchain Market Shares, Market Strategies, and Market Forecasts, 2018 to 2024, https://www.ibm.com/downloads/cas/PPRR983X, IDC, 2018, IDC Forecasts Worldwide Technology Spending on the Internet of Things to Reach $1.2 Trillion in 2022, https://www.idc.com/getdoc.jsp?containerId=prUS43994118

About Richard Kastelein

Founder and writer of publication Blockchain News (EST 2015), a companion at ICO providers collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of schooling firm Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning writer, innovation govt and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain know-how and startups at Blockchain News and has additionally printed pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him within the prime 10 Token Architects in Europe.

Kastelein has an Ad Honorem – Honorary Ph.D. and is Chair Professor of Blockchain at China’s first Blockchain University in Nanchang on the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford’s Saïd Business School for Business Automation four.zero programme.  Over a half a decade expertise judging and rewarding some 1000+ innovation initiatives as an EU professional for the European Commission’s SME Instrument programme as a startup assessor and as a startup decide for the UK authorities’s Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain know-how in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing profession has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written often for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and concepts have been translated into Dutch, Greek, Polish, German and French. A journalist by commerce, an entrepreneur and adventurer at coronary heart, Kastelein’s skilled profession has ranged from political publishing to TV know-how, boatbuilding to judging startups, skippering yachts to advertising and extra as he is travelled for practically 30 years as a Canadian expatriate residing all over the world. In his 20s, he sailed all over the world on small yachts and wrote a collection of journey articles referred to as, ‘The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in main journey and yachting publications. He presently lives in Groningen, Netherlands the place he is elevating three teenage daughters along with his spouse and crusing companion, Wieke Beenen.

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