By

Pavel Kravchenko

Why if blockchain is so good, it is still not used in the real sector?

We learned a good lesson 2 years ago when we worked on the technical part of the IDF Reforms Lab’s idea of decentralized auction together with the biggest bank in Ukraine. The plan was to make the land trade transparent — to prevent corruption/manipulation...
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Bitcoin is about trust between people

Very often people say that Bitcoin is a system where you don’t need to trust people, just math. Let’s look at this problem from another angle. I will prove that Bitcoin is about trust between people. Imagine for a moment that aliens flew to...
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How does Bitcoin escrow can work?

It would be pretty difficult to think of any crypto-currency these days as a means of payment (and this is what their exchange-rates so unstable). Even so, it’s a possibility that can still be put to use — and here’s how. The payment issues...
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Some Thoughts On Equity-Based Token Distribution (EBTD). Part 3-4

Equity-Based Token Distribution. Part 3. “Why utility coins is a scam” or “How to make your kebab stand worth $1B”. Be ready for some math, but, I guess, the $1B reward is worth it 🙂 You have a kebab stand. You sell kebab for...
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Do you seriously believe crypto-currencies are protected from state interference?

There are many people who somehow believe that crypto-currencies offer protection from state interference. In American history, one example would be the compulsory exchange of gold for dollars, which was enforced in 1933*. Those who failed to comply faced possible fines, or even jail...
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Some Thoughts On Equity-Based Token Distribution (EBTD). Part 1-2

I’ve finally developed a mental picture of how tokenization/ICO should work for projects which are service-providers and build decentralized platforms. The approach is called Equity-Based Token Distribution (EBTD), and can be thought of as an alternative SAFT. The explanation of this is rather extensive,...
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An economic model for disguising a semi‑decentralized pyramid scam

I’ve always been amazed by the technical side of Bitcoin – which combines all the achievements of cryptography, network protocols, consensus mechanisms, decentralized economics and game theory. I’d find it hard to name any other project whose scale of innovation could stand alongside Bitcoin....
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The reason to build accounting systems on blockchain

Click to open expanded view (2899 × 837 px) It’s probably time that we gave a more detailed description of what Distributed Lab does. People often ask us questions like: – Do you develop Stellar forks? – Do you get involved in setting up...
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The key opportunities and issues of tokenization

Businesses who have real clients and turnover look on in, as ICO startups – with nothing more than a white paper to their name – receive plaudits, and hundreds of millions of dollars. Many people, perhaps a little tardily, decide to make an ICO...
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Blockchain and notaries

Today I saw on my news feed the idea that blockchain could replace public notaries. The suggestion was – who needs notaries, if everything’s already been checked? But it’s not really a correct analogy. For example, let’s say that Alice sells her apartment to...
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