Blockchain Revolution

WeatherDApp: Sensors LP
In the first era of the Internet, technical innovation occurred only in the center;
centralized utilities like energy companies, cable corporations, and central banks
decided when to upgrade the network, when to support new features, and whom to
give access. Innovation couldn’t occur at the “edges” (i.e., individuals using the
network) because the rules and protocols of closed systems meant that any new
technologies designed to interact with the network would need the central power’s
permission to operate on it.
But central powers are inefficient because they don’t know exactly what the
market wants in real time. They have to make educated guesses that are always less
accurate than what real-time markets demand. We end up with WeatherCorp, a
centralized service that installs sensors and puts up satellites so that it can sell
subscriptions to data that few people may want.
The blockchain allows any entity to become a weather provider or weather data
consumer, with very low barriers to entry. Just buy a weatherNode, put it on your
roof, and connect it to the GlobalWeatherDataMarketplace DApp LP (for linked
peers) and you’ll start earning income right away. And if you can rig your own
rooftop weatherNode that happens to provide more accurate data, well, good for you!

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You innovated on the edge, and the market rewards you for it. The incentives for
innovation on open networks are aligned to increase efficiency better than closed
networks.