News & Views

Announcements

Articles by Calvin

Unlocking the future: AI and blockchain’s transformative potential

By Press Release | 11 September 2024

Originally published on The AI Journal on September 10, 2024

Artificial intelligence (AI) will undoubtedly have a major impact on society, particularly when paired with blockchain technology, with ramifications for everything from the labor market to human cognition.

News of AI making further inroads into our daily lives is inescapable nowadays, particularly regarding its potential to radically reshape society. Some utopians envision a complete eradication of the need to work, so we all just lounge about drinking milkshakes and video chatting with friends, like those human blobs in Wall-E.

On the other hand, AI doomers imagine a Terminator-like dystopian hellscape in which humans have been rendered redundant/superfluous and are now hunted for sport by our robot overlords. This latter version appears to be the more prevalent of the two scenarios, although I think these fears are overblown.

The idea of superintelligent AI, in which AI surpasses human cognitive abilities across all domains, remains a theoretical concept very much. For one thing, the technology just isn’t there yet. For another, there are fundamental distinctions between how human brains and AI function.

I believe AI will be a tool that enhances human intelligence, but it won’t replace human intelligence. Consider the impact that the introduction of writing had on human development. Before writing, knowledge had to be stored mentally and transmitted orally, with the inevitable result that knowledge was increasingly altered the further one got from the source (think of the kids’ game ‘telephone’).

Writing allowed thoughts/memories/insights to spread farther than an individual’s ability to physically travel, while also ensuring that this knowledge was relayed more accurately. The result was the ability to transfer intelligence from village to village, town to town, across cities, countries, continents and oceans. Humanity sharing knowledge in this fashion led to several radical concepts, including AI.

Just as writing helped us externalize memory and foster cumulative knowledge building, AI promises to revolutionize how humans process information and solve problems. Current AI systems, like those based on GPT-4, are already helping to enhance human productivity and decision-making.

AI is good at automating routine tasks but also processing reams of data much faster and more comprehensively than humans, while also identifying patterns that human eyes might miss. This extension of human capabilities offers all sorts of benefits in areas like diagnostic medicine, climate modelling, financial forecasting, etc.

But for all its marvels, AI can’t escape the ‘garbage in = garbage out’ rule, and this is where blockchain technology comes in. AI systems are useless without data, but they’re worse than useless if they rely on inaccurate data. Blockchain technology can offer essential infrastructure for securing and verifying the data on which AI relies.

AI large language models (LLMs) occasionally regurgitate ‘hallucinations’ in response to customer prompts. The root causes of these factual gaffes are still a matter of some debate, but AI’s rapacious gorging on any public data sources ensures that a good deal of erroneous information gets baked into these LLMs’ secret sauce.

LLMs trained on immutable blockchain-stored data from verified sources could help reduce the frequency and severity of hallucinations. Blockchain storage is still not at the point where it could fully support a general knowledge AI chatbot. But for select areas of focus, there are likely cases in which the desire for AI accuracy would trump the need to be all things to all people.

And some blockchains are further down this road than others. The BSV Blockchain is the only network with the proven ability to scale to meet AI’s data needs, while also offering robust security that ensures trust and data integrity.

BSV-based smart contracts can automatically manage intellectual property (IP) ownership and revenues, like electronic data interchange (EDI) systems, automating transactions and ensuring secure, transparent exchanges of data.

Smart contracts can also automatically execute, verify, and enforce the terms of IP agreements. This eliminates the need for intermediaries and streamlines the management of IP rights and revenue distribution while reducing the likelihood of costly disputes.

Effective IP management via smart contracts can require additional infrastructure to function seamlessly, like databases of products and associated metadata. This is where nChain, a key player in the blockchain space, comes into play.

nChain holds significant IP related to these capabilities, ensuring that BSV can be effectively utilized for managing IP ownership and automating revenue flows. nChain’s innovations support the use of BSV for advanced applications, adding another layer of efficiency and trust to the integration of AI and blockchain.

Moreover, the value of IP will increase significantly as automated systems and manufacturing become more prevalent, driving innovation and efficiency. IP will become a key asset in maintaining competitive advantages, while automated IP management systems will be crucial to ensuring creators and innovators receive the rewards they’re rightly owed.

The transformative potential of AI and blockchain technologies ensures that they will each play a pivotal role in shaping the future. Synergies abound from the integration of AI as a powerful cognitive tool with blockchain as a secure infrastructure for data and IP management.

Even more synergies will be realized when AI and BSV combine with the IPv6 standard to bring about Metanet, an economically integrated online system that enables cost-effective, instant micropayments. Metanet represents a better, more inclusive, and dynamic internet, through which webpages, services and every single piece of online data can be easily accessed and monetized in a direct-to-consumer model.

While there might not be mountains of skulls like in the Terminator movies, there will be economic casualties from AI’s rise, just as there have been following the introduction of any revolutionary technology. And while it’s not always pretty, economies have a way of resetting themselves following significant technological upheaval.

Consider that as much as 90% of pre-industrial revolution labour was involved in agriculture. That number now stands around one-quarter, with most of the other 65% or so shifting to new occupations that didn’t exist before this shift.

So yes, AI will have an impact on society. But by focusing on the practical applications of AI and blockchain technologies, we can harness their potential to drive innovation, efficiency, and growth across various sectors, ultimately benefiting society as a whole.

<< Back to Articles by Calvin

News & Views

Announcements

Articles by Calvin

<< Back to Articles by Calvin

Metanet: The better, more inclusive and dynamic internet

By Press Release | 10 June 2024

From the start of my digital asset journey, I took Satoshi Nakamoto at his/her word that blockchain technology and digital assets were intended to be used. Not hoarded as ‘digital gold,’ not endlessly flipped in pursuit of speculative riches, but used—for the wide variety of purposes that only enterprise blockchain technology is capable.

It’s for that reason that Ayre Group is now the world’s largest venture capital investor in Metanet apps that rely on unboundedly scaling public proof-of-work enterprise blockchains like BSV. My support for BSV-based projects is well known, but that support stems from the fact that BSV is the only legally- and regulatory-compliant enterprise blockchain that can scale to make Metanet a reality.

What is Metanet? It can best be described as an economically integrated online system that enables cost-effective, instant micropayments. An even simpler way to say it is that Metanet represents the vision of a better, more inclusive and dynamic internet.

A long time ago, major corporations hijacked the original peer-to-peer vision of the internet in favor of routing all traffic through their centralized (and proprietary) hubs. Now, with the growing rollout of the IPv6 standard, end users can assign unique IP addresses to each and every one of their devices. Little by little, device by device, this is helping to restore that original peer-to-peer internet model.

All these devices talking to each other—many of them autonomously, such as the ever-increasing army of Internet of Things (IoT) devices—will require the help of artificial intelligence to ensure digital messages arrive safely at their intended destination(s).

The combination of AI, the exponential rise in IP addresses and the friction-free, cost-effective micropayment capabilities of BSV will help make Metanet a reality. Free from the high transaction fees and slow processing times of traditional financial systems, individuals will be able to easily access and monetize webpages, services, every single piece of online data, with each of these transactions costing tiny fractions of a cent.

This global democratization of access to data and services will empower individual creators to engage in a direct-to-consumer model, free from the grasping middlemen that would render such a model unworkable. Metanet represents a world unconstrained by bureaucracy, allowing individuals to rely solely on merit, innovation and their will to succeed.

Metanet also promises to upend the current model of cross-border transactions, including remittances, by eliminating the fees and delays imposed by intermediaries. Metanet’s decentralized nature will also bring enhanced security and trust to digital transactions, while offering greater control over one’s personal data.

Industry will also benefit as developers leverage Metanet’s capabilities, creating new applications and services in fields like education and healthcare that could benefit from Metanet’s flexibility and security.

And these developers can work with confidence, knowing that BSV can trace an unbroken history back to the Bitcoin Genesis block. This means that the blockchain on which developers are building is the only one with a locked protocol since 2008, ensuring that applications developed today won’t be compromised by unnecessary protocol revisions.

I have been fortunate enough to enjoy great success in a number of fields since I began my business career all those years ago. But I have made it my life’s mission to bring Metanet from the drawing board to the real world. Metanet’s potential is simply too great to ignore.

It’s for that reason that I have made London Blockchain Conference ground zero in this conjoining of enterprise blockchain, IPv6 and AI that will create Metanet. Next year’s event—the 11th in this entertaining and informative series—will have an even greater Metanet focus. I’m looking forward to seeing all of you there, so together we can marvel at all the impossibilities that Metanet is helping to make possible.

For more information on London Blockchain Conference, go to LondonBlockchain.net and sign up for the newsletter to receive further updates.

<< Back to Articles by Calvin

News & Views

Announcements

Articles by Calvin

<< Back to Articles by Calvin

AI needs guardrails; enterprise blockchain has a role to play

By Press Release | 27 September 2023

In an astonishingly brief period, artificial intelligence (AI) has gone from the stuff of science fiction to a very real presence in the here and now, with significant ramifications for the world as we know it.

Not a day goes by without fresh reports of AI making further inroads—welcome or unwelcome—into different avenues of society. These reports illustrate AI’s capacity to disrupt any number of sectors, everything from business, the arts, science, government operations… few sectors appear immune.

All disruptive technologies spark similar concerns, stretching back to the original Luddites following the introduction of machinery into English textile mills in the early 1800s. I’m not yet convinced that AI must inevitably lead to the kind of malevolent ‘self-aware’ systems envisioned in the Terminator movies—although James Cameron is already making the rounds warning of the dangers of AI’s weaponization—but there will definitely be people who’ll need to retrain for different skills as AI’s capacities grow.

The growing awareness of AI’s capabilities followed the public being granted access to a number of programs that create text, images, videos, and musical compositions based on text prompts. The resulting creations left a lot of users slack-jawed after reading, seeing, or hearing the seemingly impossible.

As might be expected, some AI-generated images, videos, and music are better than others. The image software can struggle to render things like hands, while many of the singers belting out other people’s songs are easily detectable as bogus.

There are concerns regarding AI text generators’ tendency to sound authoritative even when they’re talking utter bullshit—potentially fatal bullshit. A New Zealand grocery chain recently found itself doing damage control after its in-house chatbot responded to a customer prompt for making an economical meal from water, ammonia, and bleach. The resulting ‘Aromatic Water Mix’ suggestion was, in reality, a recipe for chlorine gas, which hasn’t been popular since World War I.

The need for adult supervision

Public opinion may be split on whether AI will be our savior or our downfall, but one thing is clear: it can’t be the former without some technological guardrails, which is where enterprise blockchain comes in.

The basic problem with large language model (LLM) text generators is a formula as old as time: garbage in = garbage out. Simply put, randomly ingesting all available online information will invariably suck in as much bogus data as verifiable truth.

There are also occasions when AI makes up what it doesn’t know. Consider the lazy lawyers who submitted an AI-generated court filing rather than spend time doing their own research. Their failure to abide by the ‘trust but verify’ maxim led to their being sanctioned by a court for attributing fake opinions to real judges. (The court of public opinion may yet leave these attorneys without a practice.)

The situation will get progressively worse as AI models reabsorb AI-generated ‘alternative facts,’ making each new iteration that much further from the truth. Conversely, an AI model trained purely on authentic data from publicly verifiable sources would be a world-beater.

Research groups would benefit from a blockchain-backed AI system by allowing end users to confirm that reports and studies do, in fact, represent the legitimate output of these entities.

Blockchain-based AI could also ensure artists of all sorts (verbal, visual, aural, etc.) are properly compensated for derivative works based on their creations, assuming that ownership of those original creations is registered on the blockchain.

One chain to rule them all

Which is where the BSV Blockchain comes in. BSV is the only blockchain that has proven its ability to scale unbounded, making it the only blockchain capable of handling the immense data management needs of enterprises and governments. (BSV also stands alone as the only digital asset that doesn’t have to worry about financial regulators classifying it as a security rather than a currency.)

BSV is also the only blockchain capable of completing the internet’s development. It’s the only chain capable of handling the immense volume of new addresses possible under IPv6. The only chain that’s also economically equipped to handle all this data, thanks to transaction fees measured in fractions of a penny.

For a while, all you heard from ‘crypto’-focused VCs was the promise of Web3, but that roar has since become a whisper. It wasn’t because Web3 was a bad idea; it was because none of the blockchains that these VCs supported could scale to the level necessary to take Web3 beyond the theoretical.

Web3 is about reversing the transfer of power that occurred between the internet’s early days and the Web2 centralized data-harvesting model that followed. Returning control over personal data to the end user will allow individuals to effectively negotiate who has access to their data, how much of that data can be accessed, how often and for what purpose.

The role that an infinitely scalable blockchain will play in realizing all of the above was all the justification Ayre Group needed when it recently made the single-largest blockchain IP investment to date. The CHF500 million ($549.2 million) equity acquisition of nChain was based on its patent library, which Forbes described as impacting “everything from the US$1 trillion cryptocurrency market to corporate implementations built by some of the largest companies in the world.”

Technological advances can (and do) inspire both optimism and fear, but it’s up to us to determine how these technologies impact society. With a little help from blockchain, AI doesn’t present any challenges that we can’t meet while offering opportunities too good to pass up.

<< Back to Articles by Calvin

News & Views

Announcements

Articles by Calvin

<< Back to Announcements

SNGLR Capital announces strategic investment from Ayre Group

By Press Release | 06 June 2023

LONDON, June 5, 2023 /PRNewswire/ — SNGLR XTF Fund, an exponential tech focused venture capital fund, is pleased to announce a key investment from Ayre Group, one of the leading blockchain investors with a particular focus on utility and unbounded scaling in blockchain.

SNGLR XTF invests mainly in European early-stage technology start-ups with exponential growth potential in sectors such as longevity and smart mobility & smart cities, enabled by technologies such as AI, Blockchain, Data (IoT; API), 5G, robotics and others.

Dr. Daniel Diemers, Co-Founder of SNGLR Group, said “We’re delighted to have Ayre Group as a key partner and investor in SNGLR XTF. Their experience investing in blockchain, with a key focus on utility and scalability on the BSV Blockchain, will be of high value to us”.

Dr. Diemers added “Our team has tremendous experience as founders, early-stage tech investors, board members, advisors, mentors and coaches. Along with our own deep technological insights, we also have a unique venture building model involving selected corporate venture units and consulting firms with strong market access and technological capabilities. As such, we’re positioned very well to help entrepreneurs through all ups and downs of their journey”.

Ayre Group founder Calvin Ayre said “BSV is the only blockchain with the scaling capacity to realize the potential of technologies requiring high volumes of low-cost data transactions, including Internet of Things and longevity, sectors that are undergoing exponential growth. SGNLR XTF focuses on companies with the same capacity for exponential growth, and I’m thrilled to partner with them and explore all that BSV has to offer”.

About SNGLR Capital

SNGLR Capital is the venture capital entity within SNGLR Group and is focused on investments in the sectors longevity and smart mobility/ smart cities, and leading exponential technologies such as blockchain and AI. The team advises the SNGLR XTF fund, based in Guernsey, Channel Islands, which invests in early-stage tech startups across Europe.

About Ayre Group

Ayre Group, founded by celebrated entrepreneur and philanthropist Calvin Ayre, provides capital to scalable, high-growth businesses within the BSV blockchain ecosystem, the only infinitely scaling enterprise public blockchain. The Group targets investment in innovative ideas and ambitious projects that are ‘positively disruptive’, supporting their expansion with the Group’s extensive network and industry partners.

<< Back to Announcements

News & Views

Announcements

Articles by Calvin

<< Back to Articles by Calvin

Observations on Sam Bankman-Fried, philanthropy and fishing

By Press Release | 31 May 2023

As a prominent backer of the BSV Blockchain and its legion of utility-focused and legally-compliant applications, the criminal escapades of the ‘crypto casino’ community never cease to amaze me. Even senior citizens with no blockchain experience whatsoever are now familiar with FTX and its mop-headed ringleader Sam Bankman-Fried (SBF), who presided over one of the largest frauds in American history.

For this article, I want to focus on SBF’s efforts to mask his mendacity through philanthropy. Specifically, his highly public embrace of the so-called Effective Altruism (EA) movement. Like most things about SBF, his preferred version of altruism appears to be both self-aggrandizing and seriously suspect.

I’ll say right off the top that my understanding of EA is in no way encyclopedic. EA purports to be ‘utility-based,’ so given my focus on BSV’s utility, EA should be right up my alley. But from where I sit, a lot of EA proponents seem to spend more time philosophizing about how to help others rather than actually helping, i.e., engaging in interminable debates over the most optimal solution rather than just getting on with it.

In SBF’s case, his efforts were all the more suspect in that he appears to have used other people’s money to fund his charitable charade. Also, I don’t quite get how buying a multi-million-dollar castle as a retreat for EA big shots was supposed to benefit anyone other than these individuals.

SBF is hardly the first public figure to be accused of using philanthropy as a form of reputation-washing. For public figures, even the most noble intentions can be misconstrued. Like Bruce Lee said—and yes, I know he wasn’t the first to say it—you’re pointing at the moon, but everyone’s staring at your finger.

This has always been the subject of some debate, namely, whether it’s better to publicize one’s philanthropic efforts in the hopes of drawing attention to a problem and motivating others to give/help, or to do it quietly with no reward other than the satisfaction of having identified a problem and done what you could to make the situation better.

I was raised with the understanding that if you were fortunate enough to experience great success in your life, you had a duty to give something back to those who hadn’t been as fortunate. As a broke-ass student at university, my charitable efforts were limited to making donations to large organizations such as Greenpeace. This made me feel like I was doing something, but I soon grew disenchanted with this approach.

For one thing, these groups would regularly inundate me with fancy four-color brochures asking me to buy hats or shirts emblazoned with their logos. In time, I started to wonder what portion of my donations was funding all these revenue-generating/publicity-seeking efforts instead of the actual causes I was hoping to support.

When I finally started making some real money, my philanthropic options expanded. Along the way, I’d met a few individuals with the intelligence and energy to make something of themselves, but lacking the wherewithal to pay for the education they needed to take that next step. Providing them with the funds they needed, then having them reward my faith by excelling in their studies reaffirmed my view that education is a great way to help individuals. Like the old adage about teaching a man to fish, education gives people the tools with which to overcome their current limitations.

Sometimes its entire institutions that need a leg up. Years ago, when I was living in Costa Rica, I decided to formalize my philanthropic efforts by launching the Calvin Ayre Foundation. One of its first actions was what we called our Adopt-a-School program, based on one of my local employees detailing the dire conditions of many of the region’s smaller schools.

We solicited some feedback from principals on what we could do to help their particular schools. While some asked for new computers or athletic equipment, we ultimately chose a school where the principal asked for a simple meal program so that the impoverished kids—many of whom went to school without much more than a cup of coffee and a tortilla in their bellies—would be able to focus on their studies. We felt this principal truly had his students’ interests at heart, and so this is where we decided to plant our flag. Later, when I moved to Antigua, the Foundation brought these education-focused efforts with us.

In 2017, Antigua’s sister island of Barbuda was nearly flattened by Hurricane Irma, and the Foundation embarked on a relief effort, as it had following natural disasters in a number of other locations, including Haiti and the Philippines. In these situations, it’s sometimes better to provide money and supplies and let experienced relief organizations handle the logistics, but we still try to exert some oversight of how our donations are allocated.

Most recipients of charity are proud people who, while welcoming help in times of need, would nonetheless prefer to do something in return for the assistance they receive. Accordingly, philanthropy doesn’t have to involve pure handouts. It can be as simple as expressing confidence that individuals already have what it takes to improve their situation, provided they’re presented with the right opportunities.

I was born in Canada, a nation with a long history of welcoming immigrants. As a transplanted citizen of Antigua, which has been my principal residence for nearly two decades, I have some understanding of what it’s like to be a guest in someone else’s land.

I’ve launched some major real estate development projects in recent years and have primarily chosen Antigua as the place where shovels meet Earth. There are any number of places that I could have chosen to locate these operations, but the Antiguan people—from government representatives to the guys selling fruit on the side of the road and everyone in between—have always made me feel right at home and I’ve never doubted their ability to help make my projects successful.

Later this year, we’ll start work on a new $250 million Nikki Beach resort property in Antigua’s Jolly Harbour area. The project will require the efforts of a significant number of local workers, and it’s my hope that the finished resort will serve as a beacon for both international tourists and foreign companies eager to explore all that Antigua has to offer.

If we can retrace our steps back to SBF for a moment, I would humbly suggest that empowering others is by far the most effective form of altruism. The time spent in my adopted homeland has left me with no doubt that the Antiguan and Barbudan people are sharp, capable, and eager to make the most of any and all opportunities that come their way.

I was fortunate enough to catch the odd break here and there along my entrepreneurial journey. I hope that my commercial endeavors will offer not only jobs during construction and operation, but also similar breaks to budding entrepreneurs looking to gain valuable on-the-job experience as they reach for the next rung up this ladder.

Who knows? Maybe I’ll even make some new fishing buddies.

<< Back to Articles by Calvin

News & Views

Announcements

Articles by Calvin

<< Back to Announcements

The enterprises are coming! The enterprises are coming!

By Press Release | 03 April 2023

These days, it often seems there’s little we can agree on in society. Can we at least agree these are polarizing times? (See what I did there??)

One thing we’ll surely agree on is this: One of the greatest debates of our time is ‘Star Trek vs. Star Wars.’ It seems you gotta pick a side; how many people do you know that are equally Trekkies and Star Warriors/Warsies/[whatever they call themselves] people?

I fall squarely into the Trekkie camp, particularly the ‘The Next Generation’ Series from the late 1980s/1990s. So when I started trying to count how many enterprise-focused businesses are building on BSV Blockchain, my mind jumped to one of my favourite episodes (Season 7, “Parallels,” first aired on November 29, 1993, if you’re curious).

In this one, Klingon crew member Lieutenant Worf is stuck in some kind of breach of the space-time continuum, and at one point, an infinite number of Starship Enterprises appear until the rift is closed. By the way, who HASN’T been stuck in a space-time continuum breach at one point in their lives, eh?

The Great ‘Enterprise vs. Consumer’ Debate, Continued

This is an occasional hotly debated topic in blockchain circles. Which is the bigger driver of growth, adoption, value, valuations, etc. – consumer facing businesses (‘B2C’) or enterprise-focused businesses (‘B2B’, or ‘B2B2C’, if your offering helps businesses ultimately serve consumers). And does it matter?

I still believe enterprise-focused businesses are ‘a cut above,’ and deservedly so. For a business to win over other businesses, especially large, enduring companies, you need to bring a very high level of professionalism, an excellent product offering, demonstrate they can scale quickly, possibly help them with global adoption, and if you’re successful, these can be very fruitful, ‘sticky’ clients – especially if you have a SaaS (or BaaS)-like long-term offering.

Having Said That…

However, there’s nothing wrong with consumer-facing businesses, including fintech companies that help users get onboarded and offer on/offramps, and importantly, gaming companies and loyalty programs, which can also scale very quickly.

Enterprise Use Cases – Q1 2023 Update

Let’s catch up on enterprise adoption. Here are just a few of the announcements we saw in Q1 2023:

nChain was busy with enterprise-related announcements – Leading iGaming CRM platform Symplify and nChain announced a partnership to revolutionize that industry with “…cutting-edge solutions that will bring an enhanced layer of efficiency, security, and transparency to the industry.” Other key announcements: A TradeWindow supply chain solutions MoU, working with E-Livestock to ‘tokenize cows’ and improve African farming, partnerships with W2 and Crucial Compliance, investment and partnerships with Gate2Chain, Transmira, UNISOT, Asset Layer, etc.

Property management software company and newest Ayre Group investee company Over-C will build insurance industry-focused blockchain-based risk solutions on BSV Blockchain.

Vaionex tweeted that a Fortune 500 company had selected their Relysia unit’s infrastructure and was actively in test mode, not to mention that many BSV Blockchain companies, including stablecoins (plural!), are Vaionex clients.

Payments platform company Centi launched its stablecoin, the first on BSV. This will blow the doors wide open for their merchant partners. As Centi stated, the Swiss Franc-pegged stablecoin, part of its Global Payment Network, “allows merchants to get direct payment settlement into their banks…without the need to change accounting procedures [and provides] them with the same service they are used to from the Credit Card industry while cutting fee costs by up to 99%.”

Furthermore, Centi’s solution “offers seamless integration with online, POS, and cashier payment systems,” providing a complete solution to online and brick-and-mortar merchants, such as online payments partner Payrexx, who announced that its 50,000 merchants can now offer Centi as a payment method and accept its Swiss franc stablecoin.

Enterprise BaaS provider mintBlue was busy! The company announced the enhancement of its e-invoicing solution, in collaboration with the Dutch Chamber of Commerce and its customer VISMA | yuki; it allows for automatic ID verification of senders and recipients of invoices, improving efficiency, transparency, and the reduction of risk of e-invoicing fraud.

Oh, and they also set a world record for daily transactions on a public blockchain. mintBlue said, “As a startup serving large corporate clients, we value proof points of our scaling capabilities. Instead of asking them nicely to trust us, we took it as an opportunity to stress test our infrastructure and prove our abilities while doing it. Each [of the 50.53 million transactions] contained documents, such as contracts, credentials, invoices, micropayments and receipts,” and very importantly – when dealing with enterprise clients that rightfully demand low and stable costs, the “experiment only incurred €400 in fees.”

Rekord ‘hit the ball outta the park’ (that’s a baseball analogy, James Marchant) testing its Industrial Internet of Things (‘IIoT’) solutions with a 3D printer client on only six machines that essentially ‘live streamed’ their manufacturing data. Like mintBlue, Rekord proved yet again what is only possible on BSV Blockchain: Rekord’s tests peaked at 23.66MM transactions on-chain in one day, with a total data size of 8.9GB and for total fees of $473.14, a per-transaction fee of $0.00002 (note that mintBlue’s per-transaction fee was $0.000008 – that’s ‘five zeroes then an 8’, but who’s counting!).

James said, “All new 3D printers [of our client] will have Rekord IoT devices installed, allowing a huge variety of applications to be developed on top of the BSV Blockchain, bridging the gap between blockchain, IoT and robotics/manufacturing.”

In its tests, Rekord not only demonstrated IIoT solutions for clients, but also helped ‘pave the path forward’ regarding Bitcoin transaction processing fees; after all, the ‘mining reward,’ as Satoshi Nakamoto made clear in the White Paper (and countless times since) is a declining subsidy that will halve again next year. As James stated, “I’m now totally certain Rekord can singlehandedly not only make up for the reduced block subsidy at the next halving but start to push back the other way…in terms of transactions fee generation offsetting against the reduction in subsidy.”

Wait…How Many Enterprises?

As I recapped these highlights, I wondered just how many with a B2B or B2B2C focus are using BSV Blockchain? Many more than I’d have guessed!

JUST SOME of the Enterprise-Focused Businesses on BSV Blockchain We’re Aware of:

To recap, these companies are using BSV Blockchain for their customers (who are themselves enterprises or government agencies) in specific industries, such as supply chain, industrial manufacturing, healthcare, Bitcoin infrastructure itself, real estate, property management, media/entertainment, and on and on…or they’re using BSV Blockchain for their own internal purposes.

So, how many enterprise-focused companies are using BSV Blockchain?

The ‘Flight of the Conchords’ Team Sympathizing with Me

Enterprise vs. Consumer Adoption – Who Rules the Roost?

I wanted to dig a little deeper and find out which focus generates more value, and one way to look at this is through the lens of the capital markets and how investors faired.

It used to be the case that enterprise-focused businesses brought more investor value than consumer businesses, but this has reversed course in recent years when it comes to IPOs (companies going public on the various stock markets of the world).

However, on the mergers & acquisitions front, the vast majority of value is still derived from enterprise-focused businesses (more than 2x that of consumer-focused companies, in M&As of $1B+. Source: Sapphire Ventures). Also of note, there are more $1B+ enterprise IPOs than consumer IPOs.

So, What IS the Point!?

This: Big consumer use case wins in BSV Blockchain may be as important as enterprise wins, and we at Ayre Group would be delighted to see Centbee, or FYX Gaming ‘win the race,’ to pick a few examples.

Ultimately, it could be ‘six of one, half dozen of the other’ (or for our British friends, ‘it’s as broad as it is long’)…but I’ll still argue there’s a higher level of ‘wow’ attributable to corporations big and small using enterprise solutions via BSV Blockchain to create or solidify ‘unfair advantage’ by mintBlue, nChain, UNISOT, Vaionex, or Over-C, for examples.

What about the Bigguns?

If you’re saying ‘ok, but when are the big corporates coming?’ Not sure when we might see Starbucks or FedEx or Lloyd’s of London announce a deployment on BSV Blockchain, but meanwhile:

mintBlue long ago announced massive cloud software company VISMA as a client (with public commentary from VISMA). VISMA had over €2B in 2022 revenue and 14,000 employees.
CertiHash works with IBM.
Vaionex is working with an as-yet-unnamed Fortune 500 company.
Over-C’s partners include Hitachi, Eli Lilly, and Savills.
ROW8/Rad works with many (all?) Hollywood studios.

So, they’re already here, and many more are coming, guaranteed.

Meanwhile, Everywhere Else in ‘Blockchain’…Crickets

I’d say we’re well on our way and are outshining LITERALLY ALL OTHER BLOCKCHAINS in terms of enterprise adoption, not to mention all other measures of actual utility and scalability.

Importantly, ain’t it fun that we have the luxury of having the ‘enterprise vs. consumer’ debate, not to mention the debates about the validity of 50 million+ daily transactions going on-chain that are ‘just test transactions’ (note the BSV Blockchain network held up just fine)…while some other blockchains can’t figure out how to keep the lights on every day?

Actual Footage of Solana Team Upgrading Their Network…

About Ayre Group

<< Back to Announcements