Blockchain technology will do more than just create the next Google

Fred Wilson is a top venture capitalist and famous blogger in Silicon Valley. He is the co-founder of the venture capital firm Union Square Ventures. He holds a bachelor's degree in mechanical engineering from MIT and an MBA from the Wharton School of the University of Pennsylvania.

Wilson founded a blog called AVC - a New York VC's meditation. According to Google Analytics, as of March 24, 2011, it has about 280,000 readers per month, and updates an article about venture capital, entrepreneurship or the Internet every day on average, which has the largest readership among all venture capitalists' blogs.

On October 18, Fred Wilson wrote a blog post

(http://avc.com/2015/10/winner-takes-most/) about what he calls “winner-takes-most” markets like Google, Amazon, Facebook, and Uber.

This blog is a call to action for blockchain entrepreneurs, but it’s not the typical empty slogan of making the world a better place. Wilson points out in no uncertain terms that in the past, large companies created more value for their customers, which is the so-called “network effect”, and the blockchain technology that underlies Bitcoin may be the end point of the “network effect”, and may go further.

Wilson said in his blog that "recently, we've been thinking about whether something will come to end the current model of the Internet and mobile networks." Wilson himself is not only an investor in the Bitcoin website Coindesk, but also an early investor in Twitter and Tumblr.

Due to his outstanding investment record, he is recognized as one of the most influential people in the New York investment community. TheFunded (a website focusing on technology entrepreneurs) selected him as the favorite venture capitalist for technology entrepreneurs in 2007. His investment cases include: Twitter, Tumblr, Foursquare, Bug Labs, Meetup, Zynga, Covestor, delicious, Etsy, FeedBurner, Heyzap, Indeed, Tacoda, Oddcast, Disqus, Zemanta, Clickable, etc.

“We think it’s very likely that this thing is an open data platform where users can finally control their data and choose the networks they want to participate in, which is probably what the winners need to do in a winner-takes-all model.”

In his blog, Wilson doesn’t stop there, he also points out that this disruptive innovation may not be limited to enterprises, but will extend to the level of national economic strength.